Teledyne Technologies Signs New Broadband Wireless Development Contracts
LOS ANGELES - March 26, 2001 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that it has signed two contracts with a world leader in mobile communications for the development of high capability, low-cost RF transceivers for deployment in second and third generation cellular networks throughout Europe, Asia and the Americas.
Teledyne Technologies expects to develop and supply a variety of transceivers in the 7, 8, 13 and 15 Ghz frequency bands. Initial production deliveries are expected to begin in the fourth quarter of 2001.
"These contracts represent success in expanding our existing line of microwave components with new integrated RF subsystems," said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies.
Teledyne Technologies is a leading provider of sophisticated electronics and communications products, systems engineering solutions, and aerospace products and components, with operations in the United States, the United Kingdom and Mexico. More information about Teledyne Technologies is available from its website at www.teledyne.com.
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from these forward-looking statements. Many factors, including the extent and timing of technological changes, enhancements of competitors' products, and continued weakness in the economy could affect anticipated results. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Teledyne Technologies' periodic filings with the Securities and Exchange Commission, including its 2000 Annual Report on Form 10-K.