Hayward, California – 
November 6, 2001

Able Electronics Chosen by TrueTime as Its EMS Provider to Manufacture Time and Frequency Products

Able Electronics, Inc., a leading electronics manufacturing services (EMS) company, today announced that it has been appointed manufacturing partner for TrueTime, Inc. a leading provider of precision time and frequency products.

``We are honored to be selected as a TrueTime partner for the manufacturing of a wide variety of timing and frequency products used in such mission critical applications as network synchronization,'' said Peter Dennis, Able Electronics president and COO. ``As TrueTime's EMS provider Able focuses on serving all levels of vertical integration through design and prototype, material procurement and management, all the way to order fulfillment. We offer the quality and flexibility necessary to support the precision that TrueTime's products demand. Personally I am proud to be associated with TrueTime and am looking forward to a long-term relationship. TrueTime exemplifies the type of partnership that is possible for an EMS and OEM manufacturer.''

``As demand for our commercial high precision time and frequency products increases, our relationship with Able will allow us to meet our growth goals while maintaining the TrueTime quality standard,'' stated Lisa Withers, TrueTime's president and CEO. ``Because our Global Positioning System (GPS) timing customers require the most accurate and precise technology, it is imperative that our products be produced with the highest level of expertise from a manufacturing supplier such as Able Electronics. In addition to Able's high level of quality, their flexibility in meeting our needs for high variety, mid volume production will serve to differentiate TrueTime from both a cost and lead time perspective as we enter new markets.''

About Able Electronics

Originally founded in 1988, Able Electronics Corporation is an ISO 9002-certified, privately-held electronic manufacturing services (EMS) company serving OEMs in the telecommunications, test and measurement, medical instruments, computer peripherals, industrial controls and genetic research industries. In less than two years, the company has more than doubled production capacity. Able now occupies a new 135,000 sq. ft., state-of-the-art, corporate-owned facility in Hayward, CA, in Silicon Valley, midway between San Jose, Oakland and San Francisco. The company also operates manufacturing sites in Mexico and China. With an ongoing commitment to customer service, Able provides a complete range of EMS solutions from engineering development and prototyping to systems integration and test. Able offers medium-to-high volume, full turnkey manufacturing, test and logistical services. For more information, visit Able's Web site at http://www.ableco.com.

About TrueTime

TrueTime, Inc. designs, develops, manufactures and markets precision time and frequency products that are essential components used by many technology based markets to provide greater accuracy and resolution than can be obtained from conventional timing devices. TrueTime, Inc. is traded on the NASDAQ National Market System under the symbol ``TRUE.'' For more information, visit TrueTime's Web site at http://www.truetime.com