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WALKER POWER REPORTS FISCAL THIRD QUARTER

 WALKER POWER REPORTS FISCAL THIRD QUARTER
 WARNER, N.H., Aug. 6 /PRNewswire/ -- Walker Power, Inc.


(NASDAQ: WPIC), a Warner, New Hampshire-based designer, manufacturer and marketer of power conversion components and complete power systems, today announced the results for the quarter ended June 28, 1992.
 Walker Power's fiscal third quarter sales were $2,369,385 compared to $2,928,741 a year ago. Net income for the quarter was $70,828 versus $184,087 for the same period in 1991.
 Earnings per share were $.02 on 3,553,517 weighted average shares and equivalents outstanding versus $.07 per share on 2,468,517 weighted average shares and equivalents outstanding a year ago.
 Sales for the nine months were $8,316,681 as compared to $7,743,558 for the same period last year. Net income was $419,817 compared to $283,682 a year ago, representing an increase of 48 percent.
 Earnings per share for the nine months were $.14 on 3,068,646 weighted average shares and equivalents outstanding this year compared to $.11 on 2,529,390 shares a year ago.
 On Jan. 22, 1992, the company issued 1,085,000 shares of common stock in an initial public offering and received net proceeds of approximately $5.7 million.
 Michael Foster, president and CEO, said, "As announced in June, we experienced isolated shifts in customer demand. This quarter's final result is in line with our expectations. In the interim, several new contracts have confirmed the positive reception of recent product developments and demonstrated Walker Power's ability to meet our clients' changing needs."
 Walker Power designs, manufactures and markets power conversion components and complete power systems. The company's are used in a variety of medical, commercial and industrial applications, including medical endoscopes medical endoscopes, entertainment lighting, thermal processing equipment and high-rise elevators.
 WALKER POWER, INC.
 Statements of Income
 (unaudited)
 Three Months Ended Nine Months Ended
 6/29/91 6/28/92 6/29/91 6/28/92
 Net sales $2,928,741 $2,369,385 $7,743,558 $8,316,681
 Cost of goods
 sold 1,885,822 1,601,801 5,150,934 5,491,795
 Gross profit 1,042,919 767,584 2,592,624 2,824,886
 Operating expenses:
 Research and new
 product devlpnt 160,749 155,737 438,544 542,623
 Selling and
 marketing 198,941 201,977 608,375 645,731
 Administration 276,922 333,097 763,398 891,624
 Management
 advisory expense 40,000 -0- 120,000 49,082
 Total operating
 expenses 676,612 690,811 1,930,317 2,129,060
 Operating income 366,307 76,773 662,307 695,826
 Other income (expense):
 Interest and other
 income 2,100 41,979 8,481 77,112
 Interest expense (61,620) (724) (198,006) (73,321)
 Income before
 provision for income
 taxes 306,787 118,028 472,782 699,617
 Provision for
 income taxes 122,700 47,200 189,100 279,800
 Net income 184,087 70,828 283,682 419,817
 Net income per
 weighted avg.
 no. of common
 shares .07 .02 .11 .14
 Weighted avg. com.
 shares and equivalent
 outstanding 2,468,517 3,553,517 2,529,390 3,068,646
 -0- 8/6/92
 /CONTACT: Michael Foster of Walker Power, 603-456-3111, or Matthew J. Harrington of Edelman Public Relations Worldwide, 212-704-8103, for Walker Power/
 (WPIC) CO: Walker Power, Inc. ST: New Hampshire IN: SU: ERN


PS-AH -- NY102 -- 7810 08/06/92 18:03 EDT
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Date:Aug 6, 1992
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