Table of Contents

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| FLORIDA                                                             | 59-2095002                                |
|---------------------------------------------------------------------|-------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) | (I.R.S.      employer identification no.) |

| Large      accelerated filer o | Accelerated      filer o              |
|-------------------------------------|--------------------------------------------|
| Non-accelerated      filer o   | Smaller      reporting company þ |

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TABLEOF CONTENTS 

| PART I — FINANCIAL      INFORMATION                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                   |
|                                                                                                                                   | Item 1.  Financial      Statements  (Unaudited) |
|                                                                                                                                   |    Condensed Consolidated      Balance Sheets |
|                                                                                                                                   |    Condensed Consolidated      Statements of Operations |
|                                                                                                                                   |    Condensed Consolidated      Statements of Cash Flows |
|                                                                                                                                   |    Notes to the Condensed      Consolidated Financial Statements |
|                                                                                                                                   | Item 2.  Management’s      Discussion and Analysis of Financial Condition and Results of      Operations |
|                                                                                                                                   | Item 3.  Quantitative and      Qualitative Disclosures About Market Risk |
|                                                                                                                                   | Item 4.  Controls and      Procedures |
|                                                                                                                                   |
| PART II — OTHER      INFORMATION                                                                                                 |
|                                                                                                                                   |
|                                                                                                                                   | Item 1.  Legal      Proceedings |
|                                                                                                                                   | Item 1A.  Risk      Factors |
|                                                                                                                                   | Item 2.       Unregistered Sales of Equity Securities and Use of      Proceeds |
|                                                                                                                                   | Item 3.  Defaults      Upon Senior Securities |
|                                                                                                                                   | Item 4.       Submission of Matters to a Vote of Security    Holders |
|                                                                                                                                   | Item 5.  Other      Information |
|                                                                                                                                   | Item 6.       Exhibits |
|                                                                                                                                   |   |
| SIGNATURES                                                                                                                             |
|                                                                                                                                   |
| Exhibit      31.1 — Certification of Chief Executive Officer pursuant to      section 302 of the Sarbanes-Oxley Act of 2002 |
|                                                                                                                                   |
| Exhibit      31.2 — Certification of Chief Financial Officer pursuant to      section 302 of the Sarbanes-Oxley Act of 2002 |
|                                                                                                                                   |
| Exhibit      32.1 — Certification of Chief Executive Officer pursuant to      section 906 of the Sarbanes-Oxley Act of 2002 |
|                                                                                                                                   |
| Exhibit      32.2 — Certification of Chief Financial Officer pursuant to      section 906 of the Sarbanes-Oxley Act of 2002 |
|                                                                                                                                   |
|                                                                                                                                   |

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PART 

Item 

Condensed 

|                                                                                                                                         |   | June 30, |   |   | March      31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------|--------|----------------|--------|
|   ASSETS                                                                                                                           |   | 2008          |   |   | 2008           |   |
| Current      assets:                                                                                                                         |   |          |   |   |           |   |
|    Cash      and cash equivalents                                                                                             |   | $             | 1,597  |   |           |   | 2,132 |   |
|         Short-term investments                                                                                                     |   |          | 2,489  |   |           |   | 1,495 |   |
|         Trade and other accounts receivable, net of allowance for      doubtful                                                              |   |          |   |   |           |   |   |   |
|         accounts      of $131 at June 30, 2008 and $123 at March 31,      2008   |   |          | 5,435  |   |           |   | 6,573 |   |
|    Other      receivable - current portion                                                                                    |   |          | 881    |   |           |   | 869 |   |
|    Income      taxes receivable                                                                                               |   |          | 100    |   |           |   |        197 |   |
|    Inventories                                                                                                                |   |          | 7,935  |   |           |   | 7,788 |   |
|         Deferred income taxes                                                                                                      |   |          | 1,494  |   |           |   | 1,446 |   |
|    Prepaid      expenses and other current assets                                                                             |   |          | 371    |   |           |   | 258 |   |
|      Total      current assets                                                                                           |   |          | 20,302 |   |           |   | 20,758 |   |
|                                                                                                                                                   |   |          |   |   |           |   |   |   |
| Property,      plant and equipment, net of accumulated depreciation      of                                                                       |   |          |   |   |           |   |   |   |
|    $11,900 at      June 30, 2008 and $11,604  at March 31, 2008                                                               |   |          | 3,532  |   |           |   | 3,684 |   |
|                                                                                                                                                   |   |          |   |   |           |   |   |   |
| Intangible      asset, net of accumulated amortization of $134  at June 30, 2008 and      $119 at March 31, 2008                                  |   |          | 449    |   |           |   | 463 |   |
| Other      assets                                                                                                                            |   |          | 37     |   |           |   | 45 |   |
|  Total      assets                                                                                                                           |   | $             | 24,320 |   |           |   | 24,950 |   |
|                                                                                                                                                   |   |          |   |   |           |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                                                                                              |   |          |   |   |           |   |   |   |
| Current      liabilities:                                                                                                                         |   |          |   |   |           |   |   |   |
|         Trade accounts payable                                                                                                               |   | $             | 2,809  |   |           |   | 3,111 |   |
|         Accrued expenses                                                                                                                     |   |          | 1,426  |   |           |   | 1,781 |   |
|         Accrued dividends                                                                                                                    |   |          | 132    |   |           |   | 132 |   |
|                                                                                                                                              |   |          |   |   |           |   |   |   |
|            Total current liabilities                                                                                          |   |          | 4,367  |   |           |   | 5,024 |   |
|                                                                                                                                                   |   |          |   |   |           |   |   |   |
| Deferred      income taxes                                                                                                                        |   |          | 12     |   |           |   | 37 |   |
|               Total liabilities                                                                                |   |          | 4,379  |   |           |   | 5,061 |   |
|                                                                                                                                                   |   |          |   |   |           |   |   |   |
| Stockholders'      equity:                                                                                                                        |   |          |   |   |           |   |   |   |
|         Common stock $0.51 par value; 10,000,000 shares                                                                                      |   |          |   |   |           |   |   |   |
|            authorized, 5,912,328 shares issued and                                                                            |   |          |   |   |           |   |   |   |
|            5,890,828 shares outstanding                                                                                       |   |          | 3,015  |   |           |   | 3,015 |   |
|         Additional paid-in capital                                                                                                           |   |          | 9,680  |   |           |   | 9,568 |   |
|         Retained earnings                                                                                                                    |   |          | 7,286  |   |           |   | 7,346 |   |
|         Common stock held in treasury, 21,500 shares at cost                                                                                 |   |          | (40    | )      |           |   | (40 | ) |
|            Total stockholders' equity                                                                                         |   |          | 19,941 |   |           |   | 19,889 |   |
|               Total liabilities and stockholders' equity                                                       |   |  $       | 24,320 |   |           |   | 24,950 |   |

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Condensed Consolidated Statements ofOperations

| Three Months Ended June 30,                                                                  |
|----------------------------------------------------------------------------------------------|
|                                                                                         |   | 2008 |   |   | 2007 |   |
| Revenues:                                                                                    |   |   |   |   |   |   |   |   |
|         Commercial                                                                 |   | $ | 5,643 |   |   |   | 5,905 |   |
|    Military                                                                   |   |   | 2,988 |   |   |   | 3,753 |   |
|            Total revenues                                           |   |   | 8,631 |   |   |   | 9,658 |   |
| Cost      of sales                                                                 |   |   | 6,097 |   |   |   | 6,818 |   |
|          Gross      profit                      |   |   | 2,534 |   |   |   | 2,840 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Operating      expenses:                                                                     |   |   |   |   |   |   |   |   |
|         Selling and marketing                                                      |   |   | 687 |   |   |   | 736 |   |
|         General and administrative                                                 |   |   | 1,247 |   |   |   | 986 |   |
|    Research      and development                                              |   |   | 537 |   |   |   | 432 |   |
|       Total      operating expenses                            |   |   | 2,471 |   |   |   | 2,154 |   |
|           Income      from operations      |   |   | 63 |   |   |   | 686 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Other      income (expense):                                                                 |   |   |   |   |   |   |   |   |
|         Other income, net                                                          |   |   | 18 |   |   |   | 54 |   |
|         Interest expense                                                           |   |   | - |   |   |   | (55 | ) |
|                Other income (expense), net |   |   | 18 |   |   |   | (1 | ) |
| Income      before income taxes                                                              |   |   | 81 |   |   |   | 685 |   |
| Income      tax expense                                                                      |   |   | 23 |   |   |   | 202 |   |
|         Net income                                                                 |   | $ | 58 |   |   |   | 483 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Earnings      per share - basic                                                              |   | $ | 0.01 |   |   |   | 0.08 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Earnings      per share - diluted                                                            |   | $ | 0.01 |   |   |   | 0.08 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Shares      outstanding - basic                                                              |   |   | 5,890,828 |   |   |   | 5,888,828 |   |
|                                                                                         |   |   |   |   |   |   |   |   |
| Shares      outstanding – diluted                                                      |   |   | 5,903,215 |   |   |   | 5,910,953 |   |

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| TECHNOLOGY      RESEARCH CORPORATION AND SUBSIDIARYCondensed Consolidated Statements of Cash      Flows(Unaudited) (In      thousands) Three Months Ended June 30,                                                                                                                                                                                                                                                                                                                           |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 2008 |   |   |   | 2007 |   |
| Cash      flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
|    Net      income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $ | 58 |   |   |   | 483 |   |
| Adjustments      to reconcile net income                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| to      net cash provided by (used in) operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
|   Accretion      of interest on short-term investments                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |          (7 | ) |   |   |          (5 | ) |
|    Change      in allowance for doubtful accounts                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 8 |   |   |   | 5 |   |
|    Accretion      of interest on note receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | (12 | ) |   |   |       (17 | ) |
|    Depreciation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 299 |   |   |   | 319 |   |
|    Amortization      of intangible assets                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 15 |   |   |   | 16 |   |
|         Stock compensation expense                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 112 |   |   |   | 34 |   |
|         Deferred income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | (73 | ) |   |   | (54 | ) |
| Changes      in operating assets and liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |
|          Trade and other accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 1,130 |   |   |   | 54 |   |
|     Inventories                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | (147 | ) |   |   | 382 |   |
|          Prepaid expenses and other current assets                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | (113 | ) |   |   | (24 | ) |
|          Other assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 8 |   |   |   | - |   |
|     Trade      accounts payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |                      (302 | ) |   |   | (198 | ) |
|          Accrued      expenses                                                                             |   |   |               (355 | ) |   |   |  (177 | ) |
|     Income      taxes receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 97 |   |   |   | (838 | ) |
|        Net      cash provided by  (used in)  operating      activities                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 718 |   |   |   | (20 | ) |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
|    Maturities of short-term      investments                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 500 |   |   |   | 500 |   |
|    Purchase      of short-term investments                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (1,487 | ) |   |   | - |   |
|    Purchases      of property and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |  (148 | ) |   |   | (83 | ) |
|        Net      cash ( used in)  provided by  investing      activities                                                                                                                                                                                                                                                                                                                                                                                        |   |   | (1,135 | ) |   |   | 417 |   |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
|         Repayments of short-term debt                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | - |   |   |   | (1,000 | ) |
|    Cash      dividends paid                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | (118 | ) |   |   | (117 | ) |
|       Net      cash used in financing activities                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | (118 | ) |   |   | (1,117 | ) |
| Net decrease      in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | (535 | ) |   |   | (720 | ) |
| Cash      and cash equivalents at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 2,132 |   |   |   | 3,471 |   |
| Cash      and cash equivalents at end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $ | 1,597 |   |   |   | 2,751 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |

----

Notes to the Condensed 

|                                                               |   | Three months ended June 30, |      |
|--------------------------------------------------------------------|--------|----------------------------------|-----------|
|                                                               |   |                             |      |   |   |   |
|                                                               |   | 2008                             |      |   | 2007 |   |
| Net      income                                                    |   | $                                | 58        |   |   |   | 483 |   |
|                                                               |   |                             |      |   |   |   |   |   |
| Weighted      average shares outstanding - basic                   |   |                             | 5,890,828 |   |   |   | 5,888,828 |   |
| Dilutive      common shares issuable upon exercise of stockoptions |   |                             | 12,387    |   |   |   | 21,225 |   |
|                                                               |   |                             |      |   |   |   |   |   |
| Weighted      average shares outstanding - diluted                 |   |                             | 5,903,215 |   |   |   | 5,910,053 |   |
|                                                               |   |                             |      |   |   |   |   |   |
| Earnings      per common share:                                    |   |                             |      |   |   |   |   |   |
| Basic                                                              |   | $                                | 0.01      |   |   |   | 0.08 |   |
| Diluted                                                            |   | $                                | 0.01      |   |   |   | 0.08 |   |

| June 30,      2008  |   | March 31, 2008 |
|---------------------|--------|----------------|
|                |   |           |   |
|                |   |           |   |
| Raw      materials  |   | $              | 5573 |   |   |   | 4,976 |   |
| Work-in-process     |   |           | 533 |   |   |   | 663 |   |
| Finished      goods |   |           | 1,829 |   |   |   | 2,149 |   |
| Total               |   | $              | 7,935 |   |   |   | 7,788 |   |
|                |   |           |   |

|                                     |   | Three months ended June 30, |   |
|------------------------------------------|--------|-----------------------------|--------|
|                                     |   |                        |   |   |   |   |
|                                     |   | 2008                        |   |   | 2007 |   |
| Beginning      balance                   |   | $                           | 137    |   |   |   | 90 |   |
|          Warranty expense |   |                        | 27     |   |   |   | 84 |   |
|          Warranty claims  |   |                        | (27    | )  |   |   | (29 | )  |
| Ending      balance                      |   | $                           | 137    |   |   |   | 145 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |      |          |   |        |   |    | Aggregate(1)   |   |   | Weighted |   |   | Weighted         |          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|---------------|--------|-------------|--------|---------|----------------|--------|--------|----------|--------|--------|------------------|---------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Shares    |          |   |        |   |    | intrinsic      |   |   | average  |   |   | average          |          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | available |          |   | Options     |   |    | value          |   |   | exercise |   |   | remaining        |          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | for grant |          |   | outstanding |   |    | (in thousands) |   |   | price    |   |   | contractual life |          |
| Balance as      of March 31, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |      | 136,500       |   |        |   | 761,952 |           |   | $      | 34       |   |   | $                | 5.63          |   |   |   | 8.35 |   |
|         Options authorized                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |      |        - |   |        |   | -       |           |   |   |     |   |   |             |        - |   |   |   | - |   |
|         Options expired                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |      | -             |   |        |   | -       |           |   |   |     |   |   |             | -             |   |   |   | - |   |
|         Options granted                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |      | (40,000       | )      |        |   | 40,000  |           |   |   |     |   |   | $                | 2.99          |   |   |   | 9.81 |   |
|         Options canceled                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |  8,750   |   |        |   | (8,750  | )    |   |   |     |   |   |             | -             |   |   |   | - |   |
|         Options exercised                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |      |        - |   |        |   | -       |           |   |   |     |   |   |             | -             |   |   |   | - |   |
| Balance      as of June 30, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |      | 105,250       |   |        |   | 793,202 |           |   | $      | 26       |   |   | $                | 5.44          |   |   |   | 8.22 |   |
| Exercisable as      of June 30, 2008                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |      |          |   |        |   | 302,002 |           |   | $      | 26       |   |   | $                | 8.90          |   |   |   | 6.27 |   |
| _________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |      |          |   |        |   |    |           |   |   |     |   |   |             |          |   |   |   |   |   |
| Footnote:1       The aggregate intrinsic value represents the total pretax intrinsic value,      based on the Company’s closing stock price of $2.85 as of March 31, 2008      and of $2.59 as of June 30, 2008 and on the dates options were      granted or exercised, which would have been received by the      option holders had all option holders exercised their options as of      that date, including only those options that are      in-the-money. |   |

|                               |   | Three months endedJune 30, |   |       |
|------------------------------------|--------|----------------------------|--------|------------|
|                               |   |                       |   |       |   |   |
|                               |   |  2008                 |   |  2007 |   |   |
| Expected      dividend yield  |   |  2.25%                |   |  N/A  |   |   |
| Risk      free interest rate  |   |  3.15%                |   |  N/A  |   |   |
| Expected      volatility      |   |  80.51%               |   |  N/A  |   |   |
| Expected      life            |   |  7.38      years      |   |  N/A  |   |   |

Item 2.   

Item 3.  

Item 4. 

PART II 

Item 1.  Legal Proceedings

Item 1A.  Risk 

Item 2.  Unregistered 

Item 3.  Defaults 

Item 4.  Submission of 

Item 5.  Other 

Item 6.  Exhibits

|   | Exhibit 31.1 — Certification of the CEO pursuant to      Rule 13a-14(a) or Rule 15(d)-14(a).                                                                                                                                                                                                                               |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |
|   | Exhibit 31.2 — Certification of the CFO pursuant to      Rule 13a-14(a) or Rule 15(d)-14(a).                                                                                                                                                                                                                               |   |
|   |
|   | Exhibit 32.1 — Certification pursuant to 18 U.S.C.      §1350 as adopted pursuant to Section 906 of the                                  Sarbanes-Oxley      Act of 2002. |   |
|   |
|   | Exhibit 32.2 — Certification pursuant to 18 U.S.C.      §1350 as adopted pursuant to Section 906 of the                                 Sarbanes-Oxley Act of 2002.            |   |

SIGNATURES

|                       | TECHNOLOGY      RESEARCH CORPORATION                                                                                                                                                                                                                                      |
|----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                                                                                                      |
| August      13, 2008       | By:       /s/       Owen      Farren                                                                      |
|                       |              Owen      Farren                                                                                                                                                                            |
|                       |                   President and Chief Executive Officer                                                                                                                                                       |
|                       |                   (Principal Executive Officer)                                                                                                                                                               |
|                       |
|                       |
| August      13, 2008  | By:        /s/       Barry H.      Black                               |
|                       |              Barry      H. Black                                                                                                                                                                         |
|                       |                   Chief Financial Officer                                                                                                                                                                     |
|                       |                   (Principal Financial and AccountingOfficer)                                                                                                                                                 |