Teledyne Completes the Sale of STIP-Isco Assets to Endress+Hauser
LOS ANGELES - April 1, 2005 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that Teledyne Isco, Inc. and its Germany-based subsidiary, STIP-Isco GmbH, completed the sale of the assets of STIP-Isco to Endress + Hauser Conducta GmbH + Co KG. STIP, located near Frankfurt, produces on-line analytical instrumentation for monitoring water and wastewater. As a part of the transaction, Teledyne Isco also sold to Endress+Hauser the rights to certain on-line analytical instruments produced by Teledyne Isco in the United States. The terms of the transaction were not disclosed.
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.