CONTACT:
Investor Contact:
Jason VanWees
(310) 893-1642 |
Press
Contact:
Robyn McGowan
(310) 893-1640 |
LOS ANGELES,
California -- May 9, 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 be holding investor meetings
on May 10 in San Francisco, Calif.
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, pension matters, stock option expense
and strategic plans. All statements made in the investor relations presentation
that are not historical in nature should be considered forward-looking.
Actual results could differ materially from these forward-looking statements.
Many factors, including changes in demand for products sold to the semiconductor,
communications, commercial aviation and energy exploration markets,
funding, continuation and award of government programs, changes in insurance
expense, customers' acceptance of piston engine price increases, continued
liquidity of our 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 our businesses. Various responses
to terrorism and perceived threats could realign government programs,
and affect the composition, funding or timing of our programs. 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 our recent acquisitions 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.
###