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Exhibit 10.2

August 24, 2010

Robert D. Woltil
P.O. Box 1269
Indian Rocks Beach, Florida  33785-1269

Dear Bob:

On behalf of Technology Research Corporation (TRC), I am pleased to offer you
the position of Vice President Finance/CFO.  Your annual salary will be
$158,000.  You will also receive an Incentive Stock Option grant of 30,000
shares of TRC common stock, with an exercise price set at the closing stock
price of TRC’s common stock on your first day of employment which will be
September 1, 2010.  That will also be the grant date of the stock options. These
stock options will vest as follows: 10,000 shares vest immediately, with the
remaining 20,000 shares vesting over a three year period, one third on each
subsequent anniversary of the grant date. Vested options will be eligible to be
exercised over the 10 year term of the stock option.

In addition to your salary, you will receive an annualized incentive bonus plan
effective with TRC’s FY2011 that begins on April 1, 2010 on a pro-rated basis
for the period July 20, 2010 to March 31, 2011.

TRC offers the following benefits: group health, dental and life insurance,
short and long term disability coverage, tuition assistance, and a 401K
plan.  With the exception of the 401K, which is available on the first day of
the month following your date of hire, benefits are eligible to commence the 1st
day of employment.  You will receive 3 weeks of vacation upon acceptance of this
offer.

Please return a signed copy, acknowledging and accepting this offer.  Our offer
will become effective upon approval by the Board of Directors.  We look forward
to your joining the TRC team.  If you have any questions about this offer or
TRC, please free to discuss these with myself or Ann Lockwich.

Sincerely,                                                                           Acknowledged
and Accepted by:

/s/  Owen Farren
Owen
Farren                                                                           /s/
Robert D. Woltil
President, CEO and Chairman                                               Robert
D. Woltil

cc:   Ann C. Lockwich
        Director, Human Resources

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