1110 Maple Street
Post Office Box 300
Elma, New York 14059
716-655-5990

2001 Year End News Release

March 28, 2002

SERVOTRONICS, INC. (AMEX-SVT)

ANNOUNCES YEAR END RESULTS

Elma, NY — Servotronics, Inc. (Amex – SVT) reported an approximate 68% increase in net income of $700,000 (or $0.37 per share – Basic and Diluted) on revenues of $17,934,000 for the year ended December 31, 2001 as compared to net income of $418,000 (or $0.23 per share Basic and $0.21 per share Diluted) on revenues of $16,969,000 for the comparable period ended December 31, 2000. The increase in net income was primarily the result of increased revenues at the Company’s Advanced Technology Group (ATG).

The ATG’s year to year funded backlog as of December 31, 2001 increased approximately 23%. Notwithstanding this significant increase in backlog, it is recognized that the events of September 11, 2001 have had a significant negative impact on the U.S. and global commercial aerospace and other industries. Although certain defense programs may offset or partially offset the adverse effects of these events, Servotronics anticipates experiencing consequences of these events during 2002.

Servotronics, Inc. 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 new TwinTurbo Fan aircraft, the Airbus and Boeing commercial aircraft, DeHavilland DHC8-40 and various other programs.

Servotronics, Inc, is composed of two operating 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.). The Consumer Products Group designs and manufactures sporting knives, cutlery, bayonets and machetes for both commercial and government applications.

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

November 13, 2001

SERVOTRONICS, INC. (AMEX-SVT)

ANNOUNCES 9 MONTH AND 3rd QUARTER RESULTS

Elma, NY — Servotronics, Inc. (Amex – SVT) reported an approximate 81% increase in third quarter net income to $112,000 (or $0.06 per share – Basic and Diluted) on revenue of $4,225,000 as compared to net income of $62,000 (or $0.03 per share – Basic and Diluted) on revenue of $4,129,000 for the same period in 2000. Net income for the nine month period ended September 30, 2001 was $448,000 (or $0.24 per share – Basic and Diluted) on revenue of $13,421,000 as compared to net income of $286,000 (or $0.16 per share – Basic and $0.15 per share – Diluted) on revenue of $12,855,000 for the same period in 2000. The net increase in sales is the result of increased shipments at the Company’s Advanced Technology Group (ATG). Purchase Orders received by the ATG during the first nine months of 2001 increased by over 40% as compared to Purchase Orders received during the comparable period in 2000. Included in the new Purchase Orders in 2001 is Raytheon’s exercise of options for over $1,000,000 of component parts for the Standard Missile II .. a ship-board anti-aircraft missile which is used by the U.S. Government and certain foreign navies. The purchase of additional quantities of Standard Missile II components is currently being negotiated.

Servotronics, Inc. is currently providing products for a significant number of aerospace programs such as Raytheon’s Hawker Horizon Aircraft, Embraer new TwinTurbo Fan aircraft, the Airbus and Boeing commercial aircraft, DeHavilland DHC8-40, 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, numerous business and regional jet aircraft, satellite launch vehicles, KTX and various other programs.

Servotronics, Inc, is composed of two operating 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.). The Consumer Products Group designs and manufactures sporting knives, cutlery, bayonets and machetes for both commercial and government applications.

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

August 13, 2001

SERVOTRONICS, INC. (AMEX-SVT)

ANNOUNCES 6 MONTH AND 2nd QUARTER RESULTS

Elma, NY — Servotronics, Inc. (Amex – SVT) reported a 50% increase in net income to $336,000 (or $0.18 per share – Basic and Diluted) on revenue of $9,196,000 for the six month period ended June 30, 2001 as compared to net income of $224,000 (or $0.12 per share Basic and Diluted) on revenue of $8,726,000 for the same period in 2000. Net income for the second quarter of 2001 was $214,000 (or $0.11 per share – Basic and Diluted) on revenue of $4,714,000 as compared to net income of $158,000 (or $0.09 per share – Basic and Diluted) on revenue of $4,470,000 for the same period in 2000. The net increase in sales is the result of increased shipments at the Company’s Advanced Technology Group (ATG) that was partially offset by a decrease in revenue by the Consumer Products Group (CPG). The decrease in shipments at the CPG was primarily attributable to the government’s delay in the placement of follow-on orders for the M-9 bayonet. The Company primarily attributes the ATG’s increases in revenue to proactive marketing and product development.

Servotronics, Inc. is currently providing products for a significant number of aerospace programs such as Raytheon’s Hawker Horizon Aircraft, Embraer new TwinTurbo Fan aircraft, the Airbus 300 and Boeing 700 series of commercial aircraft, DeHavilland DHC8-40, 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, numerous business and regional jet aircraft, Standard Missiles, satellite launch vehicles, KTX and various other programs.

Servotronics, Inc, is composed of two operating 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.). The Consumer Products Group designs and manufactures sporting knives, cutlery, bayonets and machetes for both commercial and government applications.May 14, 2001

SERVOTRONICS, INC.(AMEX-SVT)

ANNOUNCES 1st QUARTER RESULTS

Elma, NY –Servotronics, Inc. (Amex – SVT) reported an 85% increase in net income to $122,000 (or $0.06 per share basic and diluted) on revenues of $4,482,000 for the first quarter of 2001 as compared to net income of $66,000 (or $0.04 per share basic and diluted) on revenue of $4,256,000 for the same period in 2000. The net increase in sales is primarily the result of an approximate 35% increase in revenue at the Company’s Advanced Technology Group (ATG) which was partially offset by a decrease in revenue by the Consumer Products Group (CPG). This decrease was primarily attributable to the government’s delay in the placement of follow-on orders for the M-9 bayonet. During 2000 the Consumer Products Group was successful in becoming U. S. Government qualified and the principal supplier for the M-9 bayonet. The revenues for this item were substantial in 2000. However, production requirements have not yet been scheduled or placed by the government for 2001 and are subject to the vagaries of the government procurement cycles which translates into volatile shipping demands — a requirement that the CPG is now well structured to meet.

The Company primarily attributes the ATG’s increases in revenue to proactive marketing and product development.

Servotronics is currently providing products for a significant number of aerospace programs such as Raytheon’s Hawker Horizon Aircraft, Embraer new Twin-Turbo Fan aircraft, the Airbus 300 and Boeing 700 series of commercial aircraft, DeHavilland DHC8-40, 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, numerous business and regional jet aircraft, Standard Missiles, satellite launch vehicles, KTX and various other programs.

Discussions with potential acquisition candidates are continuing.

Servotronics, Inc. is composed of two operating 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.). The Consumer Products Group designs and manufactures sporting knives, cutlery, bayonets and machetes for both commercial and government applications.

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