BUSINESS: Teledyne Will Hold Investor Meetings

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by Daniel Webster, dWeb.News Publisher

THOUSAND OAKS, Calif.–(BUSINESS WIRE)–Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Vice Chairman, will be holding investor meetings at the 24th Annual Needham Virtual Growth Conference on Wednesday, January 12.

Teledyne will make its latest investor presentation publically available on the company website.

Teledyne Technologies, a leader in sophisticated instrumentation and digital imaging products, software, aerospace and defence electronics, as well as engineered systems, is located in the United States. Teledyne is based in the United States, Canada and the United Kingdom. It also has operations in Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.

Forward-Looking Information Cautionary Notice

Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, directly or indirectly relating to sales, earnings, operating margin, growth opportunities, acquisitions, including the acquisition of FLIR, product sales, capital expenditures, pension matters, stock-based compensation expense, the credit facility, interest expense, severance, relocation and facility consolidation costs, environmental remediation costs, taxes, exchange rate fluctuations and strategic plans. Forward-looking statements include words like “estimate”, “project”, “predict”, or “believes”, which convey uncertainty about future events or outcomes. Forward-looking statements should not be taken as historical.

Actual results may differ materially from those in these forward-looking statements. There are many factors that could affect the actual results. These include ongoing challenges and uncertainties for businesses and governments worldwide, such as facility closures, travel restrictions, facility shutdowns, furloughs, and disruptions to production. The inability of FLIR to successfully integrate FLIR; disruptions in global economies; financial estimates and estimates of financial measures prepared in accordance to U.S. GAAP; uncertainty related to U.S. Presidential Administration policies; imposition and expansion, and responses, to trade sanctions and tariffs; security concerns regarding our proprietary and confidential information and security, including cyber security. Our businesses who supply oil and gas could be negatively affected by lower oil prices and instability in the Middle East and other oil-producing regions. New regulations and restrictions regarding energy production may also impact our businesses. The markets for commercial aviation businesses will be negatively affected by continued weakness in the commercial aircraft industry. Financial market fluctuations can also affect the value and availability of company pension assets. Over time, changes in U.S. or foreign policies, including economic sanctions could lead to reductions or realignment of defense or other government spending, and further changes in programs where the Company participates. A negative tax ruling by Sweden’s Appellate Court regarding a pre-acquisition assessment made by the Swedish Tax Authority against a FLIR affiliate would have a significant impact on our cash flow. The Company’s growth strategy does not include acquisitions. However, it cannot guarantee when, if, or under what terms acquisitions will occur. There are inherent risks associated with acquisitions, including the ability to integrate acquired businesses and retain customers, as well as achieving identified financial and operational synergies. International business acquisitions, ownership and operation pose additional risks, such as those that result from U.S. or foreign government policies, actions, and fluctuations in exchange rates.

Although we believe that our internal and disclosure controls systems are effective, errors or frauds may still occur.

Additional factors that could cause results to differ materially from those described above can be found in Teledyne’s 2020 Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and in other documents that Teledyne files with the SEC.

Teledyne does not assume any obligation to update or revise forward-looking statements. This is true regardless of whether new information has been provided.

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