THOUSAND OAKS, Calif. – January 14, 2013 – Teledyne Technologies Incorporated (NYSE:TDY) today announced that Rex Geveden, president, Engineered Systems segment and Teledyne Scientific & Imaging, LLC, and Jason VanWees, vice president, strategy and mergers & acquisitions, will make a presentation at the 15th Annual Needham Growth Conference on Wednesday, January 16, at 1:30 p.m. (Eastern) at The New York Palace Hotel in New York City.
A live webcast of Teledyne Technologies' conference presentation may be accessed via the company's website at www.teledyne.com. In addition, Teledyne Technologies' latest investor presentation will be 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.
Forward-Looking Information Cautionary Notice
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, product sales, capital expenditures, pension matters, stock option compensation expense, interest expense, taxes, and strategic plans. Forward-looking statements are generally accompanied by words such as “estimate", “project", “predict", “believes" or “expect", that convey the uncertainty of future events or outcomes. All statements made in this 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 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; and cuts to defense spending resulting from future deficit reduction measures, including potential automatic cuts to defense spending that may be triggered by the Budget Control Act of 2011. 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, and new regulations or restrictions relating to energy production, including with respect to hydraulic fracturing, 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.
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.
While the company'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, retain customers and achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses internationally, including those arising from U.S. and foreign policy changes and exchange rate fluctuations.
While the company believes its internal and disclosure 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.
Readers are urged to read the Teledyne Technologies' periodic reports filed with the Securities and Exchange Commission (“SEC") for a more complete description of the company, its businesses, its strategies and the various risks that the company faces. Various risks are identified in Teledyne's 2011 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers, particularly those interested in investing in Teledyne Technologies, should read these risk factors.
The company assumes no duty to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise.
Investor Contact: Jason VanWees (805) 373-4542
Press Contact: Robyn McGowan (805) 373-4540