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Financial

Teledyne, Pacific Wave Partner Up

LOS ANGELES -- Teledyne Technologies Incorporated (NYSE:TDY) announced today that it has reached a preliminary agreement with Pacific Wave Communications LLC on the initial phase of a strategic outsourcing alliance leading to manufacturing of Pacific Wave's polymer optical modulators. These devices, using newly developed patented materials and circuits, are aimed at the next generation of high-speed 40 Gb/s OC-768 long haul transmission systems. Teledyne also expects to assist Pacific Wave in its plans to commercialize a 10 Gb/s modulator with exceptionally low operating voltages. The announcement was made at the Optical Fiber Communications Conference in Anaheim, California.

Prototype development work is expected to be accomplished at Teledyne's MEMS fabrication facility in Los Angeles. Teledyne also will explore the provision of packaging services for Pacific Wave's modulator products through its Teledyne OptoElectronics business unit.

http://www.teledyneopto.com
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