Teledyne Energy Systems, Inc. Introduces Automated PEM Fuel Cell Test Stations
LOS ANGELES - August 22, 2001 - Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Energy Systems, Inc. delivered its first three Teledyne Medusa RD automated fuel cell test stations, used in testing and evaluating Proton Exchange Membrane (PEM) fuel cell products.
Teledyne Medusa RD is a next generation fuel cell test station that provides an easy-to-use platform for the automated testing of fuel cell components and stacks rated at less than one kilowatt. The test station provides a Windowsä-based interface that enables the user to begin immediate testing without special facilities, training or programming skills. The system includes hydrogen plumbing, electronic load, process control, and safety systems designed to support unattended 24-hour per day testing under conditions likely to be encountered by a PEM fuel cell designed for automotive or stationary applications.
"Development of the Teledyne Medusa RD line is an important milestone for Teledyne Energy Systems," said Rhett Ross, president of Teledyne Energy Systems, Inc. "The product leverages our more than 25 years of experience in hydrogen systems and electrochemistry. We are excited about the growth potential of this market and we have already received orders for eight additional units."
The Teledyne Medusa RD system is the result of an alliance between Teledyne Energy Systems and Scribner Associates, Inc. Teledyne Energy Systems is responsible for developing and providing the gas system, overall system integration, sales and support. Scribner Associates, a recognized leader in equipment for electrochemical research, supplies its FuelCellä software and electronic loads. The finished system is an integrated unit mounted in a standard 19-inch rack that requires less than three square feet of lab desk space for installation.
About Teledyne Energy Systems, Inc.
Teledyne Technologies recently combined its Energy Systems business unit with assets and intellectual property of Energy Partners, Inc., to create majority-owned Teledyne Energy Systems, Inc. Teledyne Energy Systems (TES) is a leading global provider of on-site gas and power generation systems based on proprietary fuel cell, electrolysis and thermoelectric technologies. In addition, TES is pursuing new product opportunities in the fuel cell testing, vehicle refueling and PEM fuel cell markets. TES is recognized for product lines that are reliable, simple to install and easy to use.
About Teledyne Technologies Incorporated
Teledyne Technologies Incorporated (NYSE:TDY) is a leading provider of sophisticated electronics and communications products, systems engineering solutions, and aerospace engines and components. Teledyne Technologies has operations in the United States, the United Kingdom and Mexico. More information about Teledyne Technologies may be found on the Company's Web site at www.teledyne.com.
About Scribner Associates, Inc.
Scribner Associate, Inc., (SAI) is a privately held company with more than 20 years experience in the design and development of software and laboratory instrumentation for electrochemistry. With an estimated one million operating hours on its fuel cell test hardware and software, SAI has field-proven products. SAI's instrumentation and industry benchmark software products are widely used by the fuel cell, battery, materials research and electrochemical sensor development communities. Additional information about Scribner Associates and its products may be found at www.scribner.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 product shipments, funding and the continuation of programs could change the 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, and Forms 10-Q.