Teledyne Technologies and Hughes Network Systems
Sign Multiyear Agreement for Broadband
Ku-band MMIC Power Amplifiers
LOS ANGELES - May 25, 2000 - Teledyne Technologies Incorporated (NYSE: TDY) and Hughes Network Systems (HNS) have signed a multiyear agreement for MMIC power amplifiers. Hughes Network Systems will purchase Teledyne's Ku-band GaAs MMIC power amplifiers for use in broadband VSAT (Very Small Aperture Terminal) and DirecPC® systems.
"HNS is a leading supplier of broadband satellite communications networks and Teledyne is proud to be recognized as a key supplier on existing and next generation systems," said David A. Zavadil, vice president and general manager of Teledyne's Microwave Electronic Components business unit. "We are pleased to extend our long and successful relationship with Hughes Network Systems. Our MMIC power amplifiers are recognized worldwide as offering superior performance and reliability."
Hughes VSAT systems provide cost effective broadband telecommunications to a wide array of users around the world. VSATs are effective tools for LAN internetworking, multimedia image transfer, batch and interactive data transmission, interactive voice, and broadcast data and video communications. HNS' DirecPCâ is a broadband satellite service providing high-speed Internet access as well as broadcast IP multimedia applications.
Teledyne's Microwave Electronic Components business unit (www.teledynemicrowave.com), located in Mountain View, Calif., develops and supplies GaAs MMIC power amplifiers and assemblies for broadband wireless microwave and millimeter wave applications, RF filter solutions for fixed access applications, and electromechanical switches for communications, space, and defense applications.
Hughes Network Systems, headquartered in Germantown, Maryland, near Washington, D.C., is a unit of Hughes Electronics Corporation and a leading supplier of broadband satellite and wireless products, services and networks. HNS is a world leader in the manufacture of very small aperture terminal (VSAT) satellite networks with more than 300,000 VSATs installed worldwide and is one of the largest manufacturers of DIRECTV direct-to-home satellite television systems. HNS provides DirecWay™ broadband, IP-based services to the enterprise and DirecPC® high-speed satellite Internet services to the consumer. The earnings of Hughes Electronics are used to calculate the earnings per share attributable to the General Motors Class H common stock (NYSE:GMH). For additional information, visit the HNS web site at www.hns.com.
Teledyne Technologies Incorporated (www.teledyne.com) is a leading provider of sophisticated electronics and communication products, systems engineering solutions and aerospace engines and components. Teledyne Technologies has operations in the United States, the United Kingdom, and Mexico.
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 delays in receipt of orders or in the shipment of products, delays in the development of telecommunications and Internet markets and delays in product enhancements 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 Annual Report on Form 10-K.