News Release

Merrimac Third Quarter 2001 Financial Results and Conference Call Date

WEST CALDWELL, N.J., November 5, 2001: Merrimac Industries, Inc. (AMEX: MRM), a leader in the design and manufacture of RF Microwave components, assemblies and micro-multifunction modules (MMFM®), today announced plans to release its third quarter 2001 financial results before the market opens on Tuesday, November 6, 2001.

Investors are invited to participate in the earnings conference call at 4:15 p.m. (Eastern) by dialing 1-800-388-8975 ten minutes prior to the scheduled start time, and reference the Merrimac Industries third quarter conference call. For those unable to participate, a replay will be available for seven days by dialing 1-800-428-6051 or 1-973-709-2089 for international callers, passcode number 215811.

This conference call will also be broadcast live over the internet by logging on to the web at this address:

http://www.videonewswire.com/event.asp?id=1958

If you are unable to participate during the live webcast, the call will be archived for 90 days at this address:
http://www.videonewswire.com/event.asp?id=1958

Merrimac Industries, Inc. is a leader in the design and manufacture of Multi-Mix PICO RF Microwave components, assemblies and micro-multifunction modules (MMFM), serving the wireless telecommunications industry worldwide with enabling technologies for commercial applications. Merrimac is focused on providing Total Integrated Packaging Solutions ^TM with Multi-Mix® Microtechnology, a leading edge competency providing value to our customers through miniaturization and integration. The Multi-Mix process for microwave, multilayer integrated MMFM circuitry is a patented method developed by Merrimac Industries based on fluoropolymer composite substrates. The fusion bonding of multilayer structures provides a homogeneous dielectric medium for superior electrical performance at microwave frequencies. The bonded layers may incorporate embedded semiconductor devices, MMICs, etched resistors, passive circuit elements and plated-through via holes to form a three-dimensional subsystem enclosure that requires no further packaging. Merrimac Industries facilities are registered under ISO 9000, an internationally developed set of quality criteria for manufacturing operations.

Merrimac Industries, Inc. and its subsidiary Filtran Microcircuits Inc., with locations in West Caldwell, NJ, San Jose, Costa Rica and Ottawa, Ontario, Canada, have approximately 240 co-workers dedicated to the design and manufacture of signal processing components, gold plating of high-frequency microstrip, bonded stripline and thick metal-backed Teflon (PTFE) micro-circuitry and subsystems providing Total Integrated Packaging Solutions for wireless applications. Merrimac ( MRM) is listed on The American Stock Exchange. Multi-Mix, Multi-Mix PICO, MMFM and Total Integrated Packaging Solutions are trademarks of Merrimac Industries, Inc. For more information about Merrimac Industries, Inc. and Filtran Microcircuits Inc., please visit www.merrimacind.com and www.filtranmicro.com

Note: These news releases are also available on the Internet at: http://www.prnewswire.com

Contact:

Mason N. Carter, Chairman & CEO
E-mail: mnc@merrimacind.com
973.575.1300, ext. 1202