SERVOTRONICS, INC. (AMEX– SVT) ANNOUNCES INCREASED 2004 FIRST QUARTER PROFITS AND REVENUES

Elma, NY -- Servotronics, Inc. (Amex – SVT) reported a pre-tax and net income of $252,000 and $158,000 respectively (or $0.08 net per share – Basic and Diluted) on revenues of $5,328,000 for the quarter ended March 31, 2004 as compared to a pre-tax and net loss of ($112,000) and($71,000) respectively (or ($0.04) per share Basic and Diluted) on revenues of $3,829,000 for the comparable period ended March 31, 2003. The over $364,000 turnaround in year to year before tax income is attributed to increased shipments, the successful replacement of lost business resulting from 9/11, productivity improvements, cost containment activities and the successful production realizations of earlier engineering/marketing efforts. Increased shipments were recorded by both the Advanced Technology Group (ATG), and the Consumer Products Group (CPG).

As previously reported, during the first quarter of 2004, Raytheon Missile Systems awarded Servotronics a contract for over $2,700,000 for the production of control components for the Standard Missile – a shipboard anti-aircraft missile. Also, during the first quarter of 2004 Servotronics entered into a three year agreement with a significant long-time customer that has an estimated sales value of $6 million dollars through 2006.

The Company’s demonstrated ability to counteract the adverse effects of 9/11 and to grow sales revenues continues to be enhanced by its significant engineering and marketing commitments and the maintenance of a strong backlog, cash flow and balance sheet. During 2004, the Company continues to invest resources and front-end costs associated with prototype, preproduction and start-up activities for both the ATG and CPG. The timing of such costs directly contributes to fluctuations in operating results from period to period because these costs are expensed as incurred and, as such, are not matched to their future revenues and benefits.

The Company is composed of two groups – the Advanced Technology Group and the Consumer Products Group. The Advanced Technology Group designs, develops and manufactures servo control and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, satellite launch vehicles, etc.). This group is currently providing products for a significant number of aerospace programs such as the F/A-18 E/F Super Hornet and other jet fighters; the Bell/Boeing MV-22 Osprey Tiltrotor Joint Service Aircraft, the Blackhawk, Apache, A-10 and other helicopters, the Standard Missile, numerous business and regional jet aircraft, Raytheon's Hawker Horizon Aircraft, Embraer TwinTurbo Fan aircraft, the Airbus 300 series and Boeing 700 series commercial aircraft, DeHavilland DHC8-40 and various other programs.

Servotronics’ Consumer Products Group designs and manufactures cutlery, bayonets, machetes and combat, survival, sporting, agricultural, and pocket knives for both commercial and government applications.

SERVOTRONICS, INC. (SVT) IS LISTED ON THE AMERICAN STOCK EXCHANGE.