Teledyne to boost expertise in digital imaging and MEMS technology with acquisition of DALSA Corp.

THOUSAND OAKS, Calif., 23 Dec. 2010. Executives at Teledyne Technologies Inc. in Thousand Oaks, Calif., is seeking to improve their company's expertise in high-performance digital imaging and micro-electro-mechanical systems (MEMS) with their acquisition of DALSA Corp. in Waterloo, Ontario.

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THOUSAND OAKS, Calif., 23 Dec. 2010. Executives at Teledyne Technologies Inc. in Thousand Oaks, Calif., is seeking to improve their company's expertise in high-performance digital imaging and micro-electro-mechanical systems (MEMS) with their acquisition of DALSA Corp. in Waterloo, Ontario.

Teledyne will buy all of the outstanding common shares of DALSA for 341 million Canadian dollars, which amounts to about $337 million U.S. Teledyne specializes in electronic components and subsystems, instrumentation, and communications products for military, monitoring-and-control, marine, environmental, and industrial applications. Teledyne makes harsh-environment connector products, data acquisition and communications equipment for air transport and business aircraft, and components and subsystems for wireless and satellite communications.

DALSA, meanwhile, builds digital imaging and custom MEMS products such as high-resolution, high-performance CCD and CMOS imaging sensors, electronic digital cameras, and image-processing software for high-resolution aerial and satellite imagery, industrial machine vision, and advanced medical imaging. The company had 2010 sales of $198.6 million.

"DALSA produces among the world's most advanced visible-light imaging sensors and cameras for commercial applications, while Teledyne produces extreme-resolution infrared sensors and subsystems primarily for government applications," says Dr. Robert Mehrabian, chairman, president and chief executive officer of Teledyne. "The combined strengths of Teledyne's and DALSA's leading imaging technologies will allow us to develop new infrared and visible light products."

The DALSA acquisition is part of Teledyne's overall strategy to become purely an electronics company, Mehrabian explains. "Following the acquisition of DALSA and the previously announced divestiture of Teledyne Continental Motors, Teledyne will be transformed into a pure-play electronics, instrumentation, and engineering focused company," he says.

For more information contact Teledyne Technologies online at www.teledyne.com, or DALSA Corp. at www.dalsa.com.

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