Metrologic Instruments, Inc.

2006 Annual Shareholders Meeting

June 15, 2006

Exhibit 99.1

During the course of this presentation, we may make projections or other forward-

looking statements regarding future events or the future financial performance of

the company.

Such statements are just estimates and actual events or results may differ

materially from these forward-looking statements. Please refer to the documents

that the company files with the SEC from time to time and the company’s first

quarter earnings press release for a detailed discussion of the factors, risks and

uncertainties that could cause actual results to differ materially from those

contained in our projections or forward-looking statements.

During this presentation, we will refer to certain non-GAAP measures as defined

by the SEC. As required, we have provided a reconciliation of those measures to

the most comparable GAAP measures.

Copies of our SEC filings are available upon request or by accessing our company

website at www.metrologic.com.

Private Securities Litigation Reform Act of 1995

Safe Harbor Provision

Page 2

•Call to Order & Introductions

C. Harry Knowles

•Report of the Inspector of Elections

Kevin Bratton

•Ratification of Directors and Auditors

C. Harry Knowles

•Annual Meeting Presentation -

Q&A

Mark Schmidt, Joseph Sawitsky, Frank Zirnkilton

•Adjournment

C. Harry Knowles

AGENDA

Page 3

C. Harry Knowles

Chairman of the Board

•

Steady historical growth –

pace

accelerating

•

RIGHT team and resources in

place

•

FOCUS –

we KNOW who we are

•

CEO Search

•

Litigation

Page 5

Mark C. Schmidt

Executive Vice President –

Strategic Initiatives

*Based upon the midpoint of the Company’s FY 2006 guidance.

Earnings Guidance was effective as of the date given and will not be revised until the Company publicly announces updated guidance.

Total Company Revenue

15.5%

CAGR

21.5%

CAGR

Page 7

2006

2011

#1 in bar code

scanning &

imaging.

The Retail

Consumer

Connection

Company

A Full-line

supplier of

AutoID

Hardware.

Track 1

Track 2

Track 3

Revenue Bridge

Page 8

2006

2011

#1 in bar code

scanning &

imaging.

The Retail

Consumer

Connection

Company

An end-to-end

supplier of

AutoID

equipment

Track 1

Track 2

Track 3

Revenue Bridge

Page 9

903

743

686

623

663

775

767

403

376

320

289

307

351

358

427

329

310

323

353

372

403

171

205

222

1999

2000

2001

2002

2003

2004

2005

2006E

2007E

2008E

2009E

2010E

Handheld

Stationary POS

Industrial

Scan Engines

$1.75 B

$2.4 B

Source: 2005 Venture Development Corp and Metrologic Estimates

Global Bar Code Scanner Hardware Market

4.0%

8.8%

& Metrologic Share Gains

10%

Track 1

Track 2

Track 3

Page 10

Max Volume

10+ items per customer

Supermarkets

DIY

Higher Volume

6–10 items per customer

Small grocery

Liquor store

Moderate Volume

1–5 items per customer

Many customers in line

Convenience store

Specialty Retail

Lower Volume

1–5 items per customer

A few customers

Selling Price

Sub $100

$100–$200

$200–$300

$300–1,000

Track 1

Track 2

Track 3

Page 11

Transport /

Distribution

Manufacturing

Healthcare

Hospitality

Entertainment

Postal

Government

OEM

Other

Professional

Services

Retail

Track 1

Track 2

Track 3

Page 12

Source: Venture Development Corp. 2006

Track 1

Track 2

Track 3

Manufacturer

Distribution

Retailer

•

Receiving l

Shipping

•

Stockroom l

Picking

•

Tracking l

Inventory

•

Factory Automation

•

Restricted Access

•

Document Control

•

Receiving

•

Picking l Stocking l Inventory

•

POS l

Payment l Sig

Cap

•

Price Check

•

Identity l

Age Verification

•

Time & Attendance

•

Receiving l

Shipping

•

Tracking l Tracing

•

Sortation

•

Ordering l

Logistics

•

Restricted Access

•

Time & Attendance

Point-of-Sale

Page 13

Handheld Readers

Retail Stationary

2006-2007 Product Roadmap

Track 1

Track 2

Track 3

Scan Engines

Industrial

Page 14

Getting to #1 -

we have:

Retail Stationary

$358 mm

Scan Engines

$222 mm

Industrial Stationary

$403 mm

Hand Held

$767 mm

Bar Code Scanners

$1.75B

Track 1

Track 2

Track 3

The Technology

The Channels

The People

The Intellectual Property

The Programs

Page 15

2006

2011

#1 in bar code

scanning &

imaging.

Track 1

Track 2

Track 3

A Full-line

supplier of

AutoID

Hardware.

Revenue Bridge

Page 16

A Full-line supplier of AutoID

Hardware

Track 1

Track 2

Track 3

Manufacturer

Distribution

Retailer

•

Receiving

•

Picking l Stocking l Inventory

•

POS l

Payment l Sig

Cap

•

Price Check

•

Identity l

Age Verification

•

Time & Attendance

•

Barcode l

Imaging

•

Mobile Computing

•

Wireless (WLAN, WWAN)

•

RFID

•

Barcode l

Imaging

•

Mobile Computing

•

Wireless (WLAN, WWAN)

•

RFID

Page 17

Automatic Identification

Bar Code Technologies

Bar Code

$ 5.8

Scanners

$ 1.7

Mobile Computers

$ 2.4

Printers

$ 1.6

AutoID

$ 7.8

Bar Code

$ 5.8

RFID

$ 1.1

Smart Card ID

$ 0.8

(US$ billions)

Scanners

$ 1.8

Bar Code Scanners

$1.75B

Sources: Venture Development Corp., IDTech

Ex, VDC via Raymond James Mobile Data Technology Report

Track 1

Track 2

Track 3

Page 18

Entered Intermec’s Rapid Start RFID program

STEPS ALREADY TAKEN

Track 1

Track 2

Track 3

Signed strategic relationship with MaxID

Expanded Proprietary OS Mobile Computers

Engaged in Selling re-branded Scanners to Key

Global Supplier of Factory Automation Equipment

Launched Maximus

WinCE Mobile Computer

Launched Impulse Fixed RFID Reader

Page 19

Imager

Gen 2

RFID +

Imager

Gen 2

RFID

GPS / GSM

Biometric

Fingerprint

Pistol

Handheld

Mobile Computing (CE.NET)

Track 1

Track 2

Track 3

2006-2007 Product Roadmap

Page 20

Mobile

Computers

#1 in

Scanners

Transport /

Distribution

Manufacturing

Retail

Healthcare

RFID

Track 1

Track 2

Track 3

Page 21

2006

2011

Track 1

Track 2

Track 3

#1 in bar code

scanning &

imaging.

The Retail

Consumer

Connection

Company.

An end-to-end

supplier of

AutoID

equipment

Revenue Bridge

Page 22

The Largest-Ever rollout of

Handheld Matrix Imagers into

Retail

48,000 Focus®

Performance (read rates)

Customization (Interfaces)

Easiest with which to deal

1 Tier 1 Retailer to rollout

Stratos

7,000 Stratos®

Performance (read rates)

Customization (scale)

Easiest with which to deal

The Win

The Why

The

Importance

Track 1

Track 2

Track 3

Page 23

Obtaining

information

(pre-store)

Entering,

navigating &

browsing

Making a

purchase

decision

Checking

out

Obtaining

post-sale

service

Key Steps in the Shopping Process

Track 1

Track 2

Track 3

Page 24

Other in-store

technology

Track 1

Track 2

Track 3

Page 25

Track 1

Track 2

Track 3

Electronic Paper

(SiPix, E Ink,

Kodak, Dow)

TODAY

Segmented

alphanumeric or

individual icons

Flexible Electronics

Organic based or

Amorphous silicon

Patented Display /

Label

RF chip (RFID)

plus display

driver &

connections

NOVOdisplay

Page 26

Biometric

Identity and

Payment

Retail

Government

Healthcare

Professional

Services

Price Lookup /

Kiosk

NOVOdisplay

Track 1

Track 2

Track 3

Page 27

2006

2011

#1 in bar code

scanning &

imaging.

The Retail

Consumer

Connection

Company

A Full-line

supplier of

AutoID

Hardware.

Revenue Bridge

Track 1

Track 2

Track 3

Page 28

Joseph Sawitsky

Executive Vice President –

Operations

New Jersey

300

600

900

1,200

1,500

2005

2006

2007

2008

2009

2010

2011

Suzhou

500

1,000

1,500

2,000

2,500

2005

2006

2007

2008

2009

2010

2011

Current Initiatives

•

Design & Operational Six Sigma

•

Design for Manufacturing

•

Automation Upgrades

•

Lean Manufacturing Upgrades

•

Supplier/Customer Partnering

•

Business Process Integration

•

IT Efficiency Investments/Upgrades

•

Integrated Logistics

Projected Staffing

Page 30

Planned New Building

Suzhou, China

New Jersey

Major Expansion Plans

Page 31

Key Statistics

Current Space:

Future Expansion:

Total:

116,000 sq. ft.

>100,000 sq. ft

>216,000 sq. ft.

Key Statistics

Manufacturing (46,000 sq. ft.)

Over 500 employees

Lean Production Lines

Low-Cost Production

Low Cost Engineering

Planned 3X Increase in Engineers

ISO 9001:2000 Certified

Current Space:

Planned Expansion:

Total:

46,000 sq. ft.

75,000 sq. ft

121,000 sq. ft.

Manufacturing (82,000 sq. ft.)

Headquarters (34,000 sq. ft.

Over 600 employees

Vertically Integrated

Fast Prototyping

Automation & Technology R&D

Planned 2X Increase in Engineers

ISO 9001:2000 Certified

0.4

0.3

0.4

0.1

0.7

0.8

1.0

1.2

1.4

0.4

0.5

0.6

0.5

0.4

0.3

0.9

0.3

0.2

0.4

0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

2001

2002

2003

2004

2005

2006E

2007E

2008E

Blackwood

Production

Suzhou

Production

Additional

Available

Capacity

0.9

1.1

1.6

1.7

1.8

1.9

2.8

China Plant

Expanded

China Plant

Operational

Productivity

Improvement

China Plant

Planned Expansion

Manufacturing Capacity

Page 32

Suzhou, China

Blackwood, NJ, USA

Doubled size of facility in 2004

68% of 2005 volume produced in SZ

Adding 75,000 sq. ft. by 2008

China Production

Voyager®

per unit production time reduced >50%

Quantum per unit production time reduced >40%

Lean Manufacturing

Eclipse®

common electronics platform

BOM reduction of >20%

Production time reduced by >45%

FOH leveraged due to common platform

Product Redesign for Manufacture

Improvements in COGS

Page 36

Page 33

Operation’s Highlights

Capacity for Revenue Expansion

Ongoing Margin Improvements

Significant Engineering Capabilities

Page 37

Page 34

Frank C. Zirnkilton, Jr.

Executive Vice President &

Chief Administrative Officer

•

new products

introduced

•

First

entrée

into

RFID

market

•

Targeted expansion

of geographic presence

•

Continued market share gains

•

Success with Tier 1 Retailers

•

Record revenue

in 2005

•

Management

changes

announced

FY 2005 and Q1 2006 Highlights

Page 36

2004

2005

Q105

Q106

$178.0

$210.5

+18.3%

Revenue

+28.6%

$3.9

-21.5%

Net Income

+11.8%

2004

2005

+11.0%

w/o

SBL

$46.9

$60.2

$22.7

$25.2

$17.8

Page 37

(US $ millions)

$6.2

$4.4

+58.2%

w/o

SBL

and

123R

Please refer to the appendix for the reconciliation of the GAAP to the non-GAAP presentation.

Q105

Q106

$50

$100

$150

$200

$250

2004

2005

Q106

2004

2005

Q106

Assets

Liabilities & Equity

Balance Sheet

Cash & Marketable Securities

Current Assets (non-Cash)

Net PP&E

Other LT Assets

Total Liabilities

Stockholders’

Equity

Page 38

Please refer to the appendix for the reconciliation of the GAAP to the non-GAAP presentation.

$216.4

$226.2

$192.5

$138.0

$226.2

$216.4

$169.8

$160.3

$64.7

$60.2

$73.9

(US $ millions)

$63.4

$84.3

$91.3

$19.5

$20.4

$20.5

$44.9

$47.6

$44.4

$54.5

$65.9

$46.6

Page 39

CASH FLOW FY 2005 - Q1 2006

(US$ Millions)

$64.7

$60.2

$15.7

($14.9)

($10.5)

$4.1

$1.1

$20

$40

$60

$80

$100

12/31/04

Balance

Operating

Activities

(Excl SBL

Payment)

SBL

Payment

Investing

Activities

Financing

Activities

Exchange

Rate

3/31/06

Balance

Please refer to the appendix for the reconciliation of the GAAP to the non-GAAP presentation.

2005

* Euro Assumptions

$1.20 to $1.25

* Gross Margin

40% to 42%

* Effective full year tax rate

36%

* Effect of SFAS No. 123(R)

Est. $3M or $.13 per

fully diluted share

$210.5M

$245M -

$255M

$19M –

$21M

$0.82 -

$0.91

$17.8M

$0.77

FD EPS

Net Income

Revenue

2006 *

Earnings Guidance was effective as of the date given and will not be revised

until the Company publicly announces updated guidance.

FY2006 Guidance

Page 40

C. Harry Knowles

Chairman of the Board

•Questions?

•Adjournment

Thank You for joining us today!

Page 42

APPENDICES

GAAP to non-GAAP Reconciliation

Quarter

Year

Ended

31-Mar-06

31-Dec-05

Net Income As Reported

4,360

17,813

Symbol Charge

836

7,396

FAS 123 (R) Charge

988

Net Income As Adjusted

6,184

25,209

(*) - Includes gross charge of $12,600 offset by a reduction in income tax expense of $5,204

METROLOGIC INSTRUMENTS, INC.

RECONCILIATION OF GAAP TO NON-GAAP PRESENTATION

INCOME STATEMENT

($ in Thousands)

Appendix 1

2004

2005

2006

Assets:

Cash & cash equivalents

64,715

49,463

33,956

Marketable securities

24,475

26,215

Sub-total

64,715

73,938

60,171

Other current assets

63,387

84,226

91,261

Total current assets

128,102

158,164

151,432

Property, plant & equipment, net

19,468

20,402

20,548

Other long term assets

44,957

47,616

44,428

Total assets

192,527

226,182

216,408

Liabilities:

Current liabilities

44,784

65,881

44,090

Long term liabilities

9,727

2,502

Total liabilities

54,511

65,892

46,592

Shareholders' equity

138,016

160,290

169,816

Total liabilities and shareholders' equity

192,527

226,182

216,408

METROLOGIC INSTRUMENTS, INC.

RECONCILIATION OF GAAP TO NON-GAAP PRESENTATION

BALANCE SHEET

($ in Thousands)

Appendix 2

15 Mo Ended

Running

2005

2006

3/31/2006

Balance

Beginning Balance

64,715

73,938

64,715

Operating Activities, as reported

13,727

(12,904)

823

Symbol payment

14,882

Operating Activities, excl SBL

13,727

1,978

15,705

80,420

Symbol payment

(14,882)

65,538

Investing activities, as reported

(9,293)

(2,998)

(12,291)

Change in marketable securities

(1,740)

Investing activities (excluding marketable securities)

(9,293)

(1,258)

(10,551)

54,987

Change in marketable securities

Financing activities

3,198

864

4,062

59,049

Exchange rate

1,591

(469)

1,122

60,171

Net increase/(decrease)

9,223

(13,767)

(4,544)

Ending Balance (Cash, equivalents & marketable securities)

73,938

60,171

METROLOGIC INSTRUMENTS, INC.

CASH FLOW

1/1/05 - 3/31/06

Appendix 3

METROLOGIC INSTRUMENTS INC 8-K