Teledyne Sells Swift™ to Dionex
LOS ANGELES - August 26, 2005 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Isco, Inc., completed the sale of its SWIFT™ monolithic liquid chromatography media products, intellectual property, technology and related assets to Dionex Corporation (NASDAQ: DNEX).
Divestiture of this non-core business, in addition to the earlier dispositions of the AFTCO electromagnetic flow meter partnership and the German-STIP-Isco process monitoring business, allows Teledyne Isco to focus on its market leading flash chromatography instruments and consumables, core wastewater sampler and flow products, and high-pressure syringe pumps.
Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies' website at www.teledyne.com.