Teledyne Completes Acquisition of RESON

  Teledyne Completes Acquisition of RESON

Business Wire

THOUSAND OAKS, Calif. -- March 1, 2013

Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) announced today
that it has completed the acquisition of RESON A/S (“RESON”). RESON,
headquartered in Slangerup, Denmark, provides high-resolution marine acoustic
imaging and measurement solutions. The acquired company will operate under the
name Teledyne RESON. Terms of the transaction were not disclosed.

With over 30 years of experience and approximately 1,400 RESON echosounders
sold worldwide, RESON is a leading provider of multibeam sonar systems and
specialty acoustic sensors for hydrography, global marine infrastructure and
offshore energy operations. RESON’s multibeam sonar systems range from
portable high-resolution shallow water systems used on autonomous underwater
vehicles (AUVs) to full ocean depth vessel mounted oceanographic systems.

“RESON is our thirteenth acquisition in our marine instrumentation group,
which provides sonar systems, acoustic sensors and communication devices,
harsh environment interconnects, and complete autonomous underwater vehicles,”
said Robert Mehrabian, chairman, president and chief executive officer of
Teledyne. “With the addition of RESON, as well as BlueView and Optech last
year, Teledyne now offers 3D marine imaging systems for use from aircraft,
fixed platforms, surface vessels and AUVs over a wide range of distances and
water depths. We are also working to integrate terrestrial and marine imagery,
as well as enhance our ability to deliver, in addition to an image, specific
information about objects, the land and seafloor, and the water column.”

About Teledyne Technologies

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 Statements Cautionary Notice

This press release contains forward-looking statements, as defined in the
Private Securities Litigation Reform Act of 1995, relating to a recent
acquisition of a company. Actual results could differ materially from these
forward-looking statements. Many factors, including the ability of Teledyne
and RESON to achieve anticipated synergies, as well as market and economic
conditions beyond either company’s control, could change anticipated results.
There are additional risks associated with investing in businesses
internationally, including those arising from United States and foreign
government policy and regulatory changes or actions and exchange rate
fluctuations.

Contact:

Teledyne Technologies Incorporated
Investor Contact:
Jason VanWees, (805) 373-4542
or
Press Contact:
Robyn McGowan, (805) 373-4540
 
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