Teledyne Technologies to Present at Investor Conference and Hold Investor Meetings
LOS ANGELES - March 7, 2005 - Teledyne Technologies Incorporated (NYSE:TDY) announced that Robert Mehrabian, chairman, president and chief executive officer, and Jason VanWees, director of corporate development and investor relations, will make a presentation at the Raymond James 26th Annual Institutional Investors Conference on Tuesday, March 8, at 1:05 p.m. (Eastern) at the Hyatt Regency Grand Cypress in Orlando, Fla. In addition, Robert Mehrabian and/or Jason VanWees will be holding investor meetings arranged by Needham & Company on March 9 through March 11 in Boston, Mass. and Philadelphia, Pa.
A live webcast of Teledyne's conference presentation may be accessed via the company's website at Teledyne.com or WSW.com. Copies of Teledyne Technologies' latest investor presentation will be publicly available on the company's website prior to the scheduled meetings.
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.
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, acquisitions, capital expenditures, pension matters, stock option expense and strategic plans. Actual results could differ materially from these forward-looking statements. Many factors, including funding, continuation and award of government programs, changes in demand for products sold to the semiconductor, communications, commercial aviation and energy exploration markets, changes in insurance expense, customers' acceptance of piston engine insurance price increases, continued liquidity of the company's customers (including commercial airline customers) and economic and political conditions, could change the anticipated results. In addition, stock 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. Reinstatement of flight restrictions would negatively impact the market for general aviation aircraft piston engines and components.
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.
While Teledyne Technologies' 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, including the recent acquisitions of the defense electronics business of Celeritek, Inc., Reynolds Industries, Incorporated and Isco, Inc., involve various inherent risks, such as, among others, our ability to integrate acquired businesses and to achieve identified financial and operating synergies.
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 2004 Annual Report on Form 10-K. The Company assumes no duty to update forward-looking statements.