Teledyne Technologies to Hold Investor Meetings
THOUSAND OAKS, Calif. - May 17, 2011 - Teledyne Technologies Incorporated (NYSE: TDY) today announced that Jason VanWees, vice president, corporate development and investor relations, will be holding investor meetings on Wednesday, May 18, in New York City.
Teledyne Technologies’ latest investor presentation is publicly available on the company’s website.
Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom and Mexico. For more information, visit Teledyne Technologies' website at www.teledyne.com.
Teledyne’s investor relations presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to earnings, growth opportunities, product sales, capital expenditures, pension matters, stock option compensation expense, taxes, and strategic plans. All statements made in the investor presentation that are not historical in nature should be considered forward-looking. Actual results could differ materially from these forward-looking statements. Many factors could change the anticipated results: including disruptions in the global economy; changes in the insurance and credit markets; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor and communications markets; funding, continuation and award of government programs; continued liquidity of the company’s suppliers and customers (including commercial and aviation customers); availability of credit to the company’s suppliers and customers; and a potential decrease in offshore oil production and exploration activity due to April 2010 oil spill in the Gulf of Mexico and changes in demand for products sold to or through Japan as a result of the recent earthquake and related events. Increasing fuel costs could negatively affect the markets of the company’s commercial aviation businesses. Lower oil and natural gas prices, as well as instability in the Middle East or other oil producing regions, could negatively affect the company’s businesses that supply the oil and gas industry. In addition, financial market fluctuations affect the value of the Company’s pension assets.
Global responses to terrorism and other perceived threats increase uncertainties associated with forward-looking statements about the company’s businesses. Various responses to terrorism and perceived threats could realign government programs, and affect the composition, funding or timing of the company’s programs. Changes in the policies of U.S. and foreign governments could result, over time, in reductions and realignment in defense or other government spending and further changes in programs in which the company participates, including anticipated reductions in the Company’s missile defense engineering services and NASA programs.
The company continues to take action to assure compliance with the internal controls, disclosure controls and other requirements of the Sarbanes-Oxley Act of 2002. While the company believes its control systems are effective, there are inherent limitations in all control systems, and misstatements due to error or fraud may occur and not be detected.
Teledyne’s growth strategy includes possible acquisitions. The company cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions involve various inherent risks, such as, among others, the company’s ability to integrate acquired businesses and to achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses outside of the United States, including those arising from U.S. and foreign government policy changes or actions and exchange rate fluctuations.
Anticipated benefits of the DALSA acquisition are subject to numerous risks and uncertainties, including Teledyne’s ability to integrate the acquired operations, retain customers and achieve operating synergies, the ability of DALSA to develop and market new products, the operating results of DALSA being lower than anticipated, and unexpected acquisition-related costs and expenses.
With the completed acquisition of DALSA and now the recent completion of the divestiture of the company’s piston engines businesses, the Company’s risk profile has changed, and may differ materially from prior years.
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 2010 Annual Report on Form 10-K and its Quarterly Report on Form 10-Q. The company assumes no duty to update forward-looking statements.
Investor Contact: Jason VanWees (805) 373-4542
Media Contact: Robyn E. McGowan (805) 373-4540