Transcat, Inc. Added to the Russell 2000® and 3000® Indexes

ROCHESTER, NY, July 1, 2019 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that, effective today, it was added to the Russell 2000 and 3000 Indexes as well as the appropriate growth and value style indexes following the conclusion of the 2019 Russell indexes annual reconstitution.

“The addition to the Russell indexes is a recognition of our Company's growth and we believe will help expand awareness of Transcat across the investment community and lead to greater liquidity in our stock,” commented Lee D. Rudow, President and Chief Executive Officer.

Russell indexes are part of FTSE Russell, a leading global index provider. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes. Membership for the Russell indexes are determined primarily by objective, market-capitalization rankings and style attributes.

ABOUT TRANSCAT

Transcat, Inc. is a leading provider of accredited calibration, repair, inspection and laboratory instrument services. The Company is focused on providing best-in-class services and products to highly regulated industries, including life science, aerospace and defense, pharmaceutical, medical device manufacturing and biotechnology. Transcat provides permanent and periodic on-site services, mobile calibration services and in-house services through 21 Calibration Service Centers strategically located across the United States, Puerto Rico and Canada. The breadth and depth of measurement parameters addressed by Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.

Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise and integrity create a unique and compelling value proposition for its customers.

Transcat’s strategy is to leverage the complementary nature of its two operating segments, its comprehensive service capabilities, strong brand, enhanced e-commerce capabilities and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model.

More information about Transcat can be found at: Transcat.com.

For more information, contact:

Michael J. Tschiderer

Chief Financial Officer

(585) 563-5766

mtschiderer@transcat.com

Deborah K. Pawlowski

Investor Relations

(716) 843-3908

dpawlowski@keiadvisors.com