----

| Delaware                                                       | 04-2985631                           |
|----------------------------------------------------------------|--------------------------------------|
| (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 x |
|---------------------------|---------------------|-----------------------------------------------|-----------------------------|
|                      |                | (Do not check if a smaller reporting company) |                        |

| Class                        | Outstanding at February 15, 2011 |
|------------------------------|----------------------------------|
| Common stock, par value $.10 | 3,360,322                        |

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|                                                                                                                      | PAGE |
|---------------------------------------------------------------------------------------------------------------------------|------|
| PART I - FINANCIAL INFORMATION                                                                                            | 3    |
| Item 1     Financial Statements                                                                  | 3    |
| Consolidated Balance Sheets                                                                                               | 3    |
| Consolidated Statements of Operations                                                                                     | 4    |
| Consolidated Statements of Comprehensive Income                                                                           | 4    |
| Consolidated Statements of Cash Flows                                                                                     | 5    |
| Notes to Consolidated Financial Statements                                                                                | 6    |
| Item 2    Management’s Discussion and Analysis of Financial Condition and Results of Operations | 12   |
| Item 3    Quantitative and Qualitative Disclosures about Market Risk                                  | 16   |
| Item 4    Controls and Procedures                                                                     | 17   |
| PART II - OTHER INFORMATION                                                                                               | 17   |
| Item 1    Legal Proceedings                                                                      | 17   |
| Item 1    A Risk Factors                                                                              | 17   |
| Item 2    Unregistered Sales of Equity Securities and Use of Proceeds                            | 19   |
| Item 3    Defaults upon Senior Securities                                                        | 19   |
| Item 4    [Removed and reserved]                                                                 | 19   |
| Item 5    Other Information                                                                      | 19   |
| Item 6    Exhibits                                                                                    | 19   |
| SIGNATURES                                                                                                                | 20   |
| INDEX OF EXHIBITS                                                                                                         | 20   |

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| (in thousands of dollars except per share data)                                                                                                                  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                             |   | January 1,2011 |   |   | September 30,2010 |   |
|                                                                                                                                                             |   |  (unaudited) |   |   | (derived from audited statements) |   |
| ASSETS                                                                                                                                                           |   |   |   |   |   |   |
| Current assets:                                                                                                                                                  |   |   |   |   |   |   |
| Cash and cash equivalents                                                                                                                                        |   | $ | 655 |   |   | $ | 803 |   |
| Trade receivables, net of allowances for doubtful accounts of $42at January 1, 2011 and $53 at September 30, 2010                                                |   |   | 4,322 |   |   |   | 4,678 |   |
| Other receivables                                                                                                                                                |   |   | 1,017 |   |   |   | 599 |   |
| Inventories                                                                                                                                                      |   |   | 5,894 |   |   |   | 5,048 |   |
| Prepaid expenses and other current assets                                                                                                                        |   |   | 1,225 |   |   |   | 1,410 |   |
| Total current assets                                                                                                                                             |   |   | 13,113 |   |   |   | 12,538 |   |
| Property, plant and equipment:                                                                                                                                   |   |   |   |   |   |   |   |   |
| At cost                                                                                                                                                          |   |   | 11,516 |   |   |   | 11,326 |   |
| Less: accumulated depreciation and amortization                                                                                                                  |   |   | 8,297 |   |   |   | 8,232 |   |
| Net property, plant and equipment                                                                                                                                |   |   | 3,219 |   |   |   | 3,094 |   |
| Long-term deferred tax assets                                                                                                                                    |   |   | 2,756 |   |   |   | 2,806 |   |
| Goodwill                                                                                                                                                         |   |   | 1,435 |   |   |   | 1,435 |   |
| Other-long term assets                                                                                                                                           |   |   | 11 |   |   |   | 11 |   |
| Total assets                                                                                                                                                     |   | $ | 20,534 |   |   | $ | 19,884 |   |
|  LIABILITIES AND STOCKHOLDERS’ INVESTMENT                                                                                                             |   |   |   |   |   |   |   |   |
| Current liabilities:                                                                                                                                             |   |   |   |   |   |   |   |   |
| Current debt                                                                                                                                                     |   | $ | 84 |   |   | $ | 84 |   |
| Accounts payable                                                                                                                                                 |   |   | 4,429 |   |   |   | 3,717 |   |
| Accrued expenses                                                                                                                                                 |   |   | 1,613 |   |   |   | 1,591 |   |
| Accrued taxes on income                                                                                                                                          |   |   | - |   |   |   | 40 |   |
| Total current liabilities                                                                                                                                        |   |   | 6,126 |   |   |   | 5,432 |   |
| Liability for pension benefits                                                                                                                                   |   |   | 8,124 |   |   |   | 8,203 |   |
| Other long term liabilities                                                                                                                                      |   |   | 142 |   |   |   | 153 |   |
| Total liabilities                                                                                                                                                |   |   | 14,392 |   |   |   | 13,788 |   |
| Stockholders’ equity:                                                                                                                                      |   |   |   |   |   |   |   |   |
| Preferred stock, par value $.10 per share - authorized - 1,000,000 shares;outstanding – none                                                               |   |   | - |   |   |   | - |   |
| Common stock, par value $.10 per share - authorized - 8,000,000 shares;Outstanding 3,340,322 shares at January 1, 2011 and 3,340,322 shares atSeptember 30, 2010 |   |   |   334 |   |   |   |   334 |   |
| Premium paid in on common stock                                                                                                                                  |   |   | 5,168 |   |   |   | 5,132 |   |
| Retained earnings                                                                                                                                                |   |   | 7,760 |   |   |   | 7,755 |   |
| Accumulated other comprehensive loss                                                                                                                             |   |   | (7,120 | ) |   |   | (7,125 | ) |
| Total stockholders’ equity                                                                                                                                 |   |   | 6,142 |   |   |   | 6,096 |   |
| Total liabilities and stockholders’ equity                                                                                                                 |   | $ | 20,534 |   |   | $ | 19,884 |   |

----

INDEX

| (in thousands of dollars except per share data) |   |
|-------------------------------------------------|--------|
|                                            |   | Three months ended |   |
|                                            |   | January 1,2011 |   |   | January 2,2010 |   |
| Net sales                                       |   | $ | 6,883 |   |   | $ | 6,361 |   |
| Cost of sales                                   |   |   | 4,515 |   |   |   | 4,080 |   |
| Gross profit                                    |   |   | 2,368 |   |   |   | 2,281 |   |
| Selling, research and administrative expenses   |   |   | 2,335 |   |   |   | 2,120 |   |
| Operating income                                |   |   | 33 |   |   |   | 161 |   |
| Interest expense                                |   |   | (31 | ) |   |   | (2 | ) |
| Interest income                                 |   |   | - |   |   |   | 26 |   |
| Foreign currency gain                           |   |   | 4 |   |   |   | 61 |   |
| Income before income tax                        |   |   | 6 |   |   |   | 246 |   |
| Income tax provision                            |   |   | (1 | ) |   |   | (87 | ) |
| Net income                                      |   | $ | 5 |   |   | $ | 159 |   |
| Basic income per share                          |   | $ | . 00 |   |   | $ | .05 |   |
| Fully diluted income per share                  |   | $ | .00 |   |   | $ | .05 |   |

|                                               |   | (in thousands of dollars) |   |
|----------------------------------------------------|--------|---------------------------|--------|
|                                               |   | Three months ended        |   |
|                                               |   | January 1,2011            |   |   | January 2,2010 |   |
| Net income                                         |   | $                         | 5      |   |   | $ | 159 |   |
| Foreign currency translation adjustment            |   |                      | (53    | ) |   |   | (43 | ) |
| Amortization of pension transition items to income |   |                      | 58     |   |   |   | 9 |   |
| Comprehensive income                               |   | $                         | 10     |   |   | $ | 125 |   |

----

INDEX

|                                                                                    |   | (in thousands of dollars) |   |
|-----------------------------------------------------------------------------------------|--------|---------------------------|--------|
|                                                                                    |   | Three months ended        |   |
|                                                                                    |   | January 1,2011            |   |   | January 2,2010 |   |
| Cash flow from operating activities:                                                    |   |                      |   |   |   |   |
| Net income                                                                              |   | $                         | 5      |   |   | $ | 159 |   |
| Adjustments to reconcile net income to net cash from operating activities:              |   |                      |   |   |   |   |   |   |
| Depreciation                                                                            |   |                      | 146    |   |   |   | 143 |   |
| Stock-based compensation                                                                |   |                      | 36     |   |   |   | 39 |   |
| Pension contributions less than pension expense                                         |   |                      | 82     |   |   |   | 140 |   |
| Deferred tax provision (benefit)                                                        |   |                      | 5      |   |   |   | (5 | ) |
| Increase (decrease) in cash resulting from changes in operating assets and liabilities: |   |                      |   |   |   |   |   |   |
| Trade and Other Receivables                                                             |   |                      | (105   | ) |   |   | (1,457 | ) |
| Inventories                                                                             |   |                      | (887   | ) |   |   | 124 |   |
| Prepaid expenses and other current assets                                               |   |                      | 146    |   |   |   | 26 |   |
| Accounts payable                                                                        |   |                      | 733    |   |   |   | 1,095 |   |
| Accrued expenses                                                                        |   |                      | 88     |   |   |   | (180 | ) |
| Accrued and deferred taxes on income                                                    |   |                      | (55    | ) |   |   | 321 |   |
| Net cash generated from operating activities                                            |   |                      | 194    |   |   |   | 405 |   |
| Cash flow used by investing activities:                                                 |   |                      |   |   |   |   |   |   |
| Acquisition of property, plant and equipment                                            |   |                      | (300   | ) |   |   | (100 | ) |
| Net cash used by investing activities                                                   |   |                      | (300   | ) |   |   | (100 | ) |
| Cash flow used by financing activities:                                                 |   |                      |   |   |   |   |   |   |
| Repayments of long term debt                                                            |   |                      | (9     | ) |   |   | - |   |
| Net cash used by financing activities                                                   |   |                      | (9     | ) |   |   | - |   |
| Effect of exchange rate changes on cash                                                 |   |                      | (33    | ) |   |   | (53 | ) |
| Net (decrease) increase in cash                                                         |   |                      | (148   | ) |   |   | 252 |   |
| Beginning balance - cash and cash equivalents                                           |   |                      | 803    |   |   |   | 632 |   |
| Ending balance - cash and cash equivalents                                              |   | $                         | 655    |   |   | $ | 884 |   |
| Supplemental disclosure of cash flow information:                                       |   |                      |   |   |   |   |   |   |
| Cash paid for interest                                                                  |   | $                         | 31     |   |   | $ | 2 |   |

----

INDEX

| (1) | Basis of presentation |
|-----|-----------------------|

----

INDEX

|                                                |   |   Shares underOption |   |   |  Weighted average Exercise Price |   |   | Weighted average remaining contractual life (years) |   |      |   Aggregate Intrinsic Value |   |
|-----------------------------------------------------|--------|--------------------------------|--------|--------|-------------------------------------------------|--------|--------|----------------------------------------------------------|--------|-----------|--------------------------------------------|--------|
| Outstanding at September 30, 2010                   |   |                           | 46,000 |   |                                            | $      | 5.62   |                                                     |   | 2.3 years |                                       |   | $ | 25,400 |   |
| Granted                                             |   |                           | -      |   |                                            |   | -      |                                                     |   |      | -                                          |   |   |   | - |   |
| Exercised                                           |   |                           | -      |   |                                            |   | -      |                                                     |   |      | -                                          |   |   |   | - |   |
| Cancelled                                           |   |                           | -      |   |                                            |   | -      |                                                     |   |      | -                                          |   |   |   | - |   |
| Outstanding at January 1, 2011                      |   |                           | 46,000 |   |                                            | $      | 5.62   |                                                     |   | 2.0 years |                                       |   | $ | 96,000 |   |
| Exercisable at January 1, 2011                      |   |                           | 37,500 |   |                                            | $      | 5.72   |                                                     |   | 1.8 years |                                       |   | $ | 76,000 |   |
| Exercisable and expected to vest at January 1, 2011 |   |                           | 46,000 |   |                                            | $      | 5.62   |                                                     |   | 2.0 years |                                       |   | $ | 96,000 |   |

|                                        |   | Number of shares of Restricted Stock |   |   | Weighted Average Grant-Date Fair Value |   |
|---------------------------------------------|--------|--------------------------------------|--------|--------|----------------------------------------|--------|
| Non-vested balance as of September 30, 2010 |   |                                 | 60,000 |   |                                   | $      | 3.20 |   |
| Granted                                     |   |                                 | -      |   |                                   | $      | - |   |
| Vested                                      |   |                                 | 15,000 |   |                                   | $      | 4.47 |   |
| Forfeited                                   |   |                                 | -      |   |                                   | $      | - |   |
| Non-vested balance as of January 1, 2011    |   |                                 | 45,000 |   |                                   | $      | 2.78 |   |

----

INDEX

|                                                                                        |   | (in thousands except per share data) |     |
|---------------------------------------------------------------------------------------------|--------|--------------------------------------|----------|
|                                                                                        |   | Three Months ended                   |     |
|                                                                                        |   | January 1,2011                       |     |   | January 2,2010 |   |
| Net income                                                                                  |   | $                                    | 5        |   |   | $ | 159 |   |
| Weighted average shares outstanding - basic                                                 |   |                                 | 3,285    |   |   |   | 3,254 |   |
| Basic income per share                                                                      |   | $                                    | .00      |   |   | $ | .05 |   |
| Common stock equivalents                                                                    |   |                                 | 45       |   |   |   | 14 |   |
| Weighted average shares outstanding - diluted                                               |   |                                 | 3,330    |   |   |   | 3,268 |   |
| Diluted income per share                                                                    |   | $                                    | .00      |   |   | $ | .05 |   |
| No. of options that are anti-dilutive excluded from calculation of common stock equivalents |   |                                 |  10 |   |   |   | 64 |   |

|                        |   | (in thousands of dollars)          |   |
|-----------------------------|--------|------------------------------------|--------|
|                        |   | Three months ended January 1, 2011 |   |
|                        |   | Controls                           |   |   | Capacitors |   |   | Corporate |   |   | Total |   |
| Sales to external customers |   |                               | 6,386  |   |   |   | 497 |   |   |   | - |   |   |   | 6,883 |   |
| Inter-segment revenues      |   |                               | -      |   |   |   | 3 |   |   |   | - |   |   |   | 3 |   |
| Operating income (loss)     |   |                               | 3      |   |   |   | 57 |   |   |   | (27 | ) |   |   | 33 |   |
| Identifiable assets         |   |                               | 19,401 |   |   |   | 982 |   |   |   | 151 |   |   |   | 20,534 |   |

|                        |   | Three months ended January 2, 2010 |   |
|-----------------------------|--------|------------------------------------|--------|
|                        |   | Controls                           |   |   | Capacitors |   |   | Corporate |   |   | Total |   |
| Sales to external customers |   | $                                  | 5,965  |   |   | $ | 396 |   |   | $ | - |   |   | $ | 6,361 |   |
| Inter-segment revenues      |   |                               | -      |   |   |   | 7 |   |   |   | - |   |   |   | 7 |   |
| Operating income (loss)     |   |                               | 215    |   |   |   | 21 |   |   |   | (75 | ) |   |   | 161 |   |
| Identifiable assets         |   |                               | 17,058 |   |   |   | 788 |   |   |   | 232 |   |   |   | 18,078 |   |

----

INDEX

|                                                               |   | (in thousands of dollars) |   |
|--------------------------------------------------------------------|--------|---------------------------|--------|
|                                                               |   | Three Months ended        |   |
|                                                               |   | January 1,2011            |   |   | January 2,2010 |   |
| Electronic controls for zero emission and hybrid electric vehicles |   | $                         | 3,701  |   |   | $ | 3,866 |   |
| Accessory and aftermarket products and services                    |   |                      | 2,685  |   |   |   | 2,099 |   |
| Total electronic controls segment revenues                         |   | $                         | 6,386  |   |   | $ | 5,965 |   |

|                             |   | (in thousands of dollars) |   |
|----------------------------------|--------|---------------------------|--------|
|                             |   | Three Months ended        |   |
|                             |   | January 1,2011            |   |   | January 2,2010 |   |
| Research and development expense |   | $                         | 696    |   |   | $ | 676 |   |
| Percentage of sales              |   |                      | 10.1   |   |   |   | 10.6 |   |

|                                   |   | (in thousands of dollars) |   |
|----------------------------------------|--------|---------------------------|--------|
|                                   |   | Three Months ended        |   |
|                                   |   | January 1,2011            |   |   | January 2,2010 |   |
| Service cost                           |   | $                         | 110    |   |   | $ | 84 |   |
| Interest cost                          |   |                      | 317    |   |   |   | 310 |   |
| Expected return on plan assets         |   |                      | (273   | ) |   |   | (237 | ) |
| Amortization of net loss               |   |                      | 68     |   |   |   | 68 |   |
| Amortization of prior service cost     |   |                      | 12     |   |   |   | 12 |   |
| Net periodic benefit cost              |   |                      | 234    |   |   |   | 237 |   |
| Net cost of defined contribution plans |   | $                         | 7      |   |   | $ | 7 |   |

|                                                  |   | (in thousands of dollars) |   |
|-------------------------------------------------------|--------|---------------------------|--------|
|                                                  |   | Three Months ended        |   |
|                                                  |   | January 1,2011            |   |   | January 2,2010 |   |
| Liability for pension benefits at beginning of period |   | $                         | 8,203  |   |   | $ | 7,166 |   |
| Net periodic benefit cost                             |   |                      | 234    |   |   |   | 237 |   |
| Plan contributions                                    |   |                      | (152   | ) |   |   | (97 | ) |
| Amortization of net loss                              |   |                      | (68    | ) |   |   | - |   |
| Amortization of prior service cost                    |   |                      | (12    | ) |   |   | (12 | ) |
| Effect of exchange rate changes                       |   |                      | (81    | ) |   |   | 62 |   |
| Balance at end of period                              |   | $                         | 8,124  |   |   | $ | 7,356 |   |

----

INDEX

|                    |   | (in thousands of dollars) |   |
|-------------------------|--------|---------------------------|--------|
|                    |   | January 1,2011            |   |   | January 22010 |   |
| Non current liabilities |   | $                         | 8,124  |   |   | $ | 7,356 |   |

|                                                  |   | (in thousands of dollars) |   |
|-------------------------------------------------------|--------|---------------------------|--------|
|                                                  |   | January 1,2011            |   |   | January 2, 2010 |   |
| Amortization of net actuarial loss net of tax benefit |   | $                         | 49     |   |   | $ | - |   |
| Amortization of prior service cost net of tax benefit |   |                      | 9      |   |   |   | 9 |   |
|                                                  |   | $                         | 58     |   |   | $ | 9 |   |

|                                                          |   | (in thousands of dollars)                 |   |
|---------------------------------------------------------------|--------|-------------------------------------------|--------|
|                                                          |   | Level 1*(Quoted prices in active markets) |   |   | Level 2**(Significant observable inputs) |   |   |  Level 3***(Unobservable inputs) |   |
| Mutual Funds                                                  |   |                                      |   |   |   | - |   |   |   | - |   |
| Standard Life Pension Global Absolute Returns Strategies Fund |   |                                      | 5,053  |   |   |   | - |   |   |   | - |   |
| Standard Life UK Indexed Linked Fund                          |   |                                      | 1,295  |   |   |   | - |   |   |   | - |   |
| Standard Life Long Corporate Bond Fund                        |   |                                      | 1,239  |   |   |   | - |   |   |   | - |   |
| CF Ruffer Absolute Return Fund                                |   |                                      | 5,324  |   |   |   | - |   |   |   | - |   |
| BNY Mellon Large Cap Stock Fund                               |   |                                      | 765    |   |   |   | - |   |   |   | - |   |
| BNY Mellon U.S. Core Equity 130/30 Fund                       |   |                                      | 87     |   |   |   | - |   |   |   | - |   |
| BNY Mellon Short Term U.S. Government Securities Fund         |   |                                      | 81     |   |   |   | - |   |   |   | - |   |
| BNY Mellon Intermediate Bond Fund                             |   |                                      | 586    |   |   |   | - |   |   |   | - |   |
| BNY Mellon Bond Fund Class M                                  |   |                                      | 485    |   |   |   | - |   |   |   | - |   |
| Other Types of Investments                                    |   |                                      |   |   |   |   |   |   |   |   |   |   |
| Cash                                                          |   |                                      | 276    |   |   |   | - |   |   |   | - |   |
| Total                                                         |   |                                      | 15,191 |   |   |   | - |   |   |   | - |   |

| * | Level 1 investments represent mutual funds for which a quoted market price is available on an active market. These investments will primarily hold stocks or bonds, or a combination of stocks and bonds. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | The Company currently does not have any Level 2 pension plan financial assets. |
|----|--------------------------------------------------------------------------------|

| *** | The Company currently does not have any Level 3 pension plan financial assets. |
|-----|--------------------------------------------------------------------------------|

----

INDEX

|              |   | (in thousandsof dollars) |   |
|-------------------|--------|--------------------------|--------|
| 2011              |   | $                        | 361    |   |
| 2012              |   |                     | 360    |   |
| 2013              |   |                     | 453    |   |
| 2014              |   |                     | 644    |   |
| 2015              |   |                     | 716    |   |
| 2016 – 2020 |   |                     | 3,945  |   |

|            |   | (in thousands of dollars) |   |
|-----------------|--------|---------------------------|--------|
|            |   | January 1,2011            |   |   | January 2,2010 |   |
| Raw materials   |   | $                         | 1,082  |   |   | $ | 692 |   |
| Work-in-process |   |                      | 77     |   |   |   | 78 |   |
| Finished goods  |   |                      | 4,735  |   |   |   | 3,855 |   |
|            |   | $                         | 5,894  |   |   | $ | 4,625 |   |

|                                   |   | (in thousands of dollars) |   |
|----------------------------------------|--------|---------------------------|--------|
|                                   |   | January 1,2011            |   |   | September 30,2010 |   |
| Accrued compensation and related costs |   | $                         | 971    |   |   | $ | 884 |   |
| Warranty reserves                      |   |                      | 119    |   |   |   | 96 |   |
| Other accrued expenses                 |   |                      | 523    |   |   |   | 611 |   |
|                                   |   | $                         | 1,613  |   |   | $ | 1,591 |   |

----

INDEX

|                                                                             |   | (in thousands of dollars) |   |
|----------------------------------------------------------------------------------|--------|---------------------------|--------|
|                                                                             |   | Three Months ended        |   |
|                                                                             |   | January 1,2011            |   |   | January 2,2010 |   |
| Warranty reserves at beginning of period                                         |   | $                         | 96     |   |   | $ | 217 |   |
| Decrease in beginning balance for warranty obligations settled during the period |   |                      | -      |   |   |   | (6 | ) |
| Foreign currency translation adjustment                                          |   |                      | (1     | ) |   |   | 1 |   |
| Net increase in warranty reserves for products sold during the period            |   |                      | 24     |   |   |   | 25 |   |
| Warranty reserves at end of period                                               |   | $                         | 119    |   |   | $ | 237 |   |

| 2011 |   | $      | 37 |   |
|------|--------|--------|----|--------|
| 2012 |   |   | 40 |   |
| 2013 |   |   | 42 |   |
| 2014 |   |   | 45 |   |
| 2015 |   |   | 15 |   |

Item 2

----

INDEX

| (i)   | if the financial condition of any of the Company's customers deteriorates as a result of further business declines, the Company may be required to increase its estimated allowance for bad debts; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | if actual future demand is less than previously projected, inventory write-downs may be required; or |
|------------------|------------------------------------------------------------------------------------------------------|

| (iii)   | significant negative industry or economic trends that adversely affect our future revenues and profits, or a reduction of our market capitalization relative to net book value, among other factors, may change the estimated future cash flows or other factors that we use to determine whether or not goodwill has been impaired and lead us to conclude that an impairment charge is required. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

INDEX

|                                          |   | Three months ended |   |   | Favorable (unfavorable) % change due to: |   |
|-----------------------------------------------|--------|--------------------|--------|--------|------------------------------------------|--------|
|                                          |   | January 1,2011     |   |   | January 2, 2010                          |   |   | Total |   |   | Currency |   |   | Volume |   |
| Sales:                                        |   |               |   |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Controls - to external customers              |   | $                  | 6,386  |   |                                     | $      | 5,965 |   |   |   | 7 |   |   |   | (3 | ) |   |   | 10 |   |
| Capacitors - to external customers            |   |               | 497    |   |                                     |   | 396 |   |   |   | 25 |   |   |   | (5 | ) |   |   | 30 |   |
| Capacitors - inter-segment                    |   |               | 3      |   |                                     |   | 7 |   |   |   | (55 | ) |   |   | (2 | ) |   |   | (53 | ) |
| Capacitors – total                      |   |               | 500    |   |                                     |   | 403 |   |   |   | 24 |   |   |   | (4 | ) |   |   | 28 |   |
| Total sales to external customers             |   |               | 6,883  |   |                                     |   | 6,361 |   |   |   | 8 |   |   |   | (3 | ) |   |   | 11 |   |
| Gross Profit:                                 |   |               |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Controls                                      |   |               | 2,145  |   |                                     |   | 2,105 |   |   |   | 2 |   |   |   | 3 |   |   |   | (1 | ) |
| Capacitors                                    |   |               | 223    |   |                                     |   | 176 |   |   |   | 27 |   |   |   | (3 | ) |   |   | 30 |   |
| Total                                         |   |               | 2,368  |   |                                     |   | 2,281 |   |   |   | 4 |   |   |   | 2 |   |   |   | 2 |   |
| Selling research and administrative expenses: |   |               |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Controls                                      |   |               | 2,142  |   |                                     |   | 1,890 |   |   |   | (13 | ) |   |   | 4 |   |   |   | (17 | ) |
| Capacitors                                    |   |               | 166    |   |                                     |   | 155 |   |   |   | (7 | ) |   |   | 4 |   |   |   | (11 | ) |
| Unallocated corporate expense                 |   |               | 27     |   |                                     |   | 75 |   |   |   | 64 |   |   |   | - |   |   |   | 64 |   |
| Total                                         |   |               | 2,335  |   |                                     |   | 2,120 |   |   |   | (10 | ) |   |   | 4 |   |   |   | (14 | ) |
| Operating income:                             |   |               |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Controls                                      |   |               | 3      |   |                                     |   | 215 |   |   |   | (99 | ) |   |   | 60 |   |   |   | (159 | ) |
| Capacitors                                    |   |               | 57     |   |                                     |   | 21 |   |   |   | 171 |   |   |   | (2 | ) |   |   | 173 |   |
| Unallocated corporate expense                 |   |               | (27    | )      |                                     |   | (75 | ) |   |   | 64 |   |   |   | - |   |   |   | 64 |   |
| Total                                         |   |               | 33     |   |                                     |   | 161 |   |   |   | (80 | ) |   |   | 80 |   |   |   | (160 | ) |
| Other income and expense                      |   |               | (27    | )      |                                     |   | 85 |   |   |   | (132 | ) |   |   | (74 | ) |   |   | (58 | ) |
| Income before income tax                      |   |               | 6      |   |                                     |   | 246 |   |   |   | (98 | ) |   |   | 27 |   |   |   | (125 | ) |
| Income tax                                    |   |               | (1     | )      |                                     |   | (87 | ) |   |   | 99 |   |   |   | (17 | ) |   |   | 116 |   |
| Net income                                    |   | $                  | 5      |   |                                     | $      | 159 |   |   |   | (97 | ) |   |   | 32 |   |   |   | (129 | ) |

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INDEX

|                                    |   | (in thousands of dollars)            |   |
|-----------------------------------------|--------|--------------------------------------|--------|
|                                    |   | Expected maturity ortransaction date |   |   |   |   |
|                                    |   | Fiscal 2011                          |   |   | Fair Value |   |
| On balance sheet financial instruments: |   |                                 |   |   |   |   |
| In $ U.S. Functional Currency           |   |                                 |   |   |   |   |
| Accounts receivable in British Pounds   |   |                                 | 1,126  |   |   |   | 1,126 |   |
| Accounts receivable in Euros            |   |                                 | 1,721  |   |   |   | 1,721 |   |
| Accounts payable in British Pounds      |   |                                 | 1,090  |   |   |   | 1,090 |   |
| Accounts payable in Euros               |   |                                 | 1,820  |   |   |   | 1,820 |   |
| Anticipated Transactions                |   |                                 |   |   |   |   |   |   |
| In $ U.S. Functional Currency           |   |                                 |   |   |   |   |   |   |
| Firmly committed sales contracts        |   |                                 |   |   |   |   |   |   |
| In British Pounds                       |   |                                 | 935    |   |   |   | 935 |   |
| In Euros                                |   |                                 | 1,188  |   |   |   | 1,188 |   |

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|                    | TECH/OPS SEVCON, INC.                                 |
|-------------------------|-------------------------------------------------------|
|                    |                                                  |
|                    |                                                  |
| Date: February 15, 2011 | By: /s/ Paul N. Farquhar                              |
|                    | Paul N. Farquhar                                      |
|                    | Chief Financial Officer (Principal Financial Officer) |
|                    |

|    |                                                                                                                                                                                   |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Exhibit | Description                                                                                                                                                                       |
| 3.1     | Certificate of Incorporation of the registrant (incorporated by reference to Exhibit (3) (a) to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 3, 2004). |
|    |                                                                                                                                                                                   |
| 3.2     | By-laws of the registrant (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K filed on September 19, 2008).                                    |
|    |                                                                                                                                                                                   |
| 31.1    | Certification of Principal Executive Officer pursuant to section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                               |
|    |                                                                                                                                                                                   |
| 31.2    | Certification of Principal Financial Officer pursuant to section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).                                                               |
|    |                                                                                                                                                                                   |
| 32.1    | Certification of Principal Executive Officer and Principal Financial Officer pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).                               |

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