THOUSAND OAKS, Calif. - March 31, 2014 - Teledyne Technologies
Incorporated announced today that its subsidiary,
Teledyne Instruments, Inc., has acquired Photon Machines, Inc. (“PMI”). Headquartered in Bozeman, Mont., PMI
is
a leading designer and manufacturer of laser - based sample introduction equipment for laboratory
instrumentation. Terms of the transaction were not disclosed. PMI's laser ablation systems allow elemental
analysis when only a small amount of sample may be present. In addition, laser ablation provides for
extraction
of material at extreme spatial resolution. For example, by using laser ablation along with inductively
coupled
plasma mass spectrometry (LA - ICP - MS), one can accurately determine trace elements when sample sizes may
be
less than one microgram, or analyze the variation in trace elements at locations a few microns apart. Such
analyses are useful in medical research, forensic, and materials science applications. “The acquisition of
Photon Machines naturally complements our acquisition of Teledyne CETAC in August 2013,” said Robert
Mehrabian,
chairman, president and chief executive officer of Teledyne. “Since 2010, PMI and CETAC have partnered to
develop, market and service laser ablation systems. We are pleased to offer our customers a more complete
product portfolio with the technology, sales and service under common ownership.” 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 Western and Northern Europe. 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 PMI to achieve
anticipated synergies, as well as market and economic conditions beyond either company's control, could
change
anticipated results.
