Teledyne to Acquire Judson

Teledyne Technologies Inc. announced today that its Scientific & Imaging subsidiary will acquire infrared detector manufacturer Judson Technologies LLC of Montgomeryville, Pa. Terms of the transaction were not disclosed.

Teledyne Technologies' Scientific & Imaging is composed of two business units: Teledyne Scientific Co. and Teledyne Imaging Sensors, which are located in Thousand Oaks and Camarillo, Calif. Teledyne Scientific develops high-speed electronics, MEMS (microelectromechanical systems) sensors and actuators and compound semiconductors under its Electronics Div. It also creates ceramic composites, electronic device packaging, biomaterials and liquid crystal-based optical devices under its Materials Technology Div. The Information Sciences Div. provides autonomous systems, image and sensor processing, computational fluid dynamics, control and power systems and wireless networking and network security.

Teledyne Imaging Sensors develops infrared (IR) and visible sensor subsystems used in space, long-range terrestrial surveillance and targeting and astronomy applications. Its biggest customers include NASA and the Army, for which it is developing sensors on the James Webb Space Telescope and third-generation IR tactical imaging systems, respectively.

Judson manufactures high-performance infrared detectors using materials such as mercury cadmium telluride (HgCdTe), indium antimonide (InSb), and indium gallium arsenide (InGaAs), as well as tactical dewar and cooler assemblies and other specialized standard products for military, space, industrial and scientific applications. The company had sales of $13.8 million for FY2006. After the closing, the business will operate under the name Teledyne Judson Technologies.

"With the acquisition of Judson, Teledyne will be able to provide a substantially wider range of visible and infrared detectors, integrated subsystems and camera products," said Robert Mehrabian, chairman, president and CEO of Teledyne. "Judson's capabilities in detector packaging and the production of dewar and cooler assemblies are highly complementary to Teledyne Scientific & Imaging's strength in advanced detector materials and the design of large-format focal plane arrays and imaging electronics."

Closing of the deal, which is subject to various conditions, is expected on Feb. 1, 2008.

For more information, visit: www.teledyne.com