Metrologic Directors Enter into Plan to Sell Shares

    Business Editors

    BLACKWOOD, N.J.--(BUSINESS WIRE)--March 2, 2005--Metrologic Instruments, Inc. (NASDAQ-NMS:MTLG), experts in optical image capture and processing solutions, who design, manufacture and market worldwide sophisticated imaging and bar code scanning solutions for a variety of applications, today announced that its Chairman, C. Harry Knowles and Director Janet Knowles have advised the Company that they plan to sell some of their stock for estate planning purposes as well as diversification and liquidity. A foundation controlled by them is also expected to sell shares.
    On February 28, 2005, Mr. and Mrs. Knowles entered into a trading plan under Securities Exchange Act Rule 10b5-1 with Morgan Stanley providing for the sale up to 600,000 of their shares of common stock of Metrologic Instruments Stanley over the next one to two years. They currently hold 8,444,000 shares which includes warrants to buy an additional 195,000 shares at $3.47, and 800,000 shares in a Grantor Retained Annuity Trust. The Knowles Foundation, also known as the Knowles Science Teaching Foundation, will sell up to 300,000 of the 1,610,000 shares of Metrologic that it holds, in a rule 10b5-1 program with Morgan Stanley over the next one to two years. Including the amount held by the Knowles Foundation, the total shares held beneficially by the Knowles constitute approximately 45% of Metrologic's total outstanding shares.
    Transactions under these Rule 10b5-1 plans will be subject to certain price restrictions established under the plans and may be terminated at any time. Proposed and actual transactions will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. The Form 4 filings also will be posted in the investor relations section of Metrologic's web site.
    Mr. Benny Noens, President and CEO of Metrologic, said "Harry and Janet Knowles founded the Company and provided the early financing and leadership to bring Metrologic to its current position. We feel that these sales will broaden the liquidity of our stock."
    Mr. Knowles said, "We are selling a small percentage of our stock to provide for our estate planning and diversification and liquidity. Janet and I have confidence in the continued growth in value of Metrologic and want to watch the continuing rise in the value of our investment in this Company."

    About Metrologic

    Metrologic Instruments, Inc. designs, manufactures and markets bar code scanning and high-speed automated data capture systems solutions using laser, holographic and vision-based technologies. Metrologic offers expertise in 1D and 2D bar code reading, portable data collection, optical character recognition, image lift, and parcel dimensioning and singulation detection for customers in retail, commercial, manufacturing, transportation and logistics, and postal and parcel delivery industries. In addition to its extensive line of bar code scanning and vision system equipment, the Company also provides a variety of highly sophisticated optical systems used by the commercial, government, and scientific communities. Metrologic products are sold in more than 110 countries worldwide through Metrologic's sales, service and distribution offices located in North and South America, Europe and Asia. For more information please call 1-800-ID-METRO or visit www.metrologic.com.

    Forward-Looking Statement

    Forward-looking statements contained in this release are highly dependent upon a variety of important factors which would cause actual results to differ materially from those reflected in such forward looking statements. Specifically, the factors that could cause actual results to differ from expectations include the timing of the sales the potential impact on the price and liquidity of Metrologic's common stock and whether the value of Metrologic's common stock will increase. When used in this release and documents referenced, the words "believes", "expects", "may", "should", "seeks", or "anticipates", and similar expressions as they relate to Metrologic or its management are intended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and Exchange Commission.

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CONTACT: Metrologic Instruments, Inc. Investor Relations: Dale Fischer, 856-228-8100 d.fischer@metrologic.com

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: MANUFACTURING SOFTWARE PRODUCT SOURCE: Metrologic Instruments, Inc.

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