Teledyne Technologies Incorporated announced today the successful completion of the acquisition of FLIR Systems, Inc. At each of the respective company’s special meeting of stockholders held on May 13, 2021, the stockholders approved and adopted merger proposals related to the Agreement and Plan of Merger dated January 4, 2021. FLIR will now be included in Teledyne’s Digital Imaging segment and operate under the name Teledyne FLIR.

Under the terms of the agreement, FLIR stockholders received $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately $57.40 per FLIR share based on Teledyne’s closing price on May 13, 2021. The aggregate consideration for the transaction was approximately $8.2 billion, including net debt. Previously, Teledyne secured all permanent cash financing for the transaction with a weighted average borrowing cost of less than two percent.

Teledyne expects the acquisition to be immediately accretive to earnings, excluding transaction costs and purchase price accounting, and accretive to GAAP earnings in the first full calendar year following the acquisition.

Simultaneously, Teledyne announced the following executive promotions, effective today. Edwin Roks, current Vice President of Teledyne and President of Teledyne’s Digital Imaging Segment, is now Executive Vice President of Teledyne. Edwin will continue to serve as President of Teledyne’s Digital Imaging Segment, which now includes Teledyne FLIR. In addition, Todd Booth is promoted to Senior Vice President and Chief Financial Officer for the acquired Teledyne FLIR group of businesses.

“We appreciate the support from our stockholders, and I am delighted to welcome FLIR to the Teledyne family,” said Robert Mehrabian, Executive Chairman of Teledyne. “As a combined company, Teledyne FLIR will uniquely provide a full spectrum of imaging technologies and products spanning X-ray through infrared and from components to complete imaging systems. Teledyne FLIR will also provide a complete range of unmanned systems and imaging payload across all domains ranging from deep sea to deep space.”

About Teledyne

Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe

August 16, 2021 – Hikvision, an IoT solution provider with video as its core competency, announced a new technology partnership with Yeastar for IP-based video intercom integration. The integration provides a convenient solution for customers in small-to-medium size enterprises (SMEs) to control and manage their intercom systems remotely, as well as communicate with visitors.

For SME customers, when the employees are out of the office, welcoming visitors is nearly impossible. But integrating Hikvision’s video intercom with Yeastar’s IP PBX system enables customers to easily and remotely communicate with visitors. Even the receptionist who is not at a work station won’t miss company visitors, since the integration provides SMEs with visualized call management, video communications, and anywhere-anytime connectivity – performing across web browsers, mobile devices, and desktop computers.

With the integration, SME customers can:
– See who is at the front door and answer from anywhere
– Converse easily via IP video phone and even open a door
– Auto-forward calls initiated from the door phone to a mobile number
– Avoid expensive and separate paging servers – the PBX built-in paging system easily broadcasts from the devices customers prefer (IP phone, mobile or PC)

“We are happy to announce this partnership with Yeastar, which will expand the scope of Hikvision’s intercom solution and create more value for our customers. More collaboration across the industry is benefiting the market with greater variety and functionality. Hikvision will persist in openness and work closely with technology partners to build a strong and mutually beneficial ecosystem,” says Adler Wu, Global Technology Partner Alliance Manager at Hikvision.

“Hikvision has a proven record of providing high-quality IP-based intercom solutions, and we’re pleased to now call them an official Yeastar technology partner. With Yeastar and Hikvision, our mutual customers can take advantage of a market-leading, award-winning business phone system and also benefit from an integrated PBX-Intercom solution that improves productivity, streamlines operations, and cuts overheads,” adds Prince Cai, Vice President of Yeastar.

Find Out More
For more details about the integration of IP-based video intercom solution between Hikvision and Yeastar, please visit this link.

Traditional video cameras provide black and white images, which can be grainy and unclear in low-light environments. To help boost security 24×7, Hikvision has created its ColorVu technology, which gives organizations high-resolution, full-color images, even in near-total darkness.

Security breaches are not governed by the seasons, by the weather, and certainly not by the time of day. They can occur at any time, and often under the cover of darkness when traditional, black-and-white security cameras with infrared lighting are unable to capture events clearly enough to collect clear evidence or respond effectively.

Hikvision has expanded its full-color camera range with ColorVu technology. This offers a much better visual experience than traditional cameras, providing accurately rendered color images with balanced brightness at all times of the day or night. Now the camera range with ColorVu technology includes 4k cameras for UHD experience, and varifocal cameras for unparalleled clarity. These innovations allow organizations and local authorities to monitor outdoor or indoor spaces, identify breaches as soon as they occur, and react in real time to protect staff, employees and members of the public.

Boosting security with leading-edge technology
Cameras with ColorVu technology are able to capture high-definition, full-color images in low light conditions because of two key technology breakthroughs: advanced F1.0 large apertures, and high-performance imaging sensors. The cameras also use a new 3D dynamic noise reduction (DNR) algorithm to increase clarity at long range, and a soft and warm supplemental light guarantees colorful images even in zero-light environments.

The expanded camera range with ColorVu satisfies different needs of customers, from high performance products to budget friendly choices, as well as smart solutions. For example, the range now includes a 4K camera that offers ultra-high-definition color imaging during the day and at night. With better image quality and richer details, 4K cameras with ColorVu can be applied in wider scenarios such as stadiums, airports, harbors, and parking lots, where clear and high-resolution images are necessary.

The cameras with ColorVu can also integrate Hikvision AcuSense technology to distinguish between people, vehicles, and other moving targets such as rain, leaves and animals. Alarms are only triggered when preset intrusion types are detected, allowing security teams to take action.

4 key applications for the cameras with ColorVu
The ability to capture clear, full-color images 24×7 is useful for a wide range of indoor and outdoor scenarios. Examples include:

1) Security for outdoor spaces – especially streets and parks
Lighting on streets and in parks is rarely uniform, and dark areas can increase the risk of crime and make people feel unsafe. Cameras with ColorVu technology enable local authorities to record high-resolution, full color video footage even in low-light conditions, which helps to increase security and enables much faster responses to incidents.

2) Improved perimeter protection for retail and logistics parks
Perimeter protection is always a challenge for large retail and logistics parks. With ColorVu technology, security teams can monitor the perimeter 24×7 and react quickly to any breaches before assets or people are put at risk. Cameras with ColorVu can also be combined with other smart video technologies from Hikvision – including AcuSense vehicle and license-plate recognition – to trigger automated alerts for suspected security breaches.

3) Asset protection for small businesses
Small businesses around the world need to protect their assets, including vehicles left in driveways or on the street. Because cameras with ColorVu technology are able to capture high-resolution, full-color images 24×7, security breaches can be recorded, and evidence passed on to the authorities – increasing the chance that assets can be recovered and that perpetrators will be brought to justice.

4) Increased security at building entrances
High-resolution, full color images can greatly enhance security at building entrances, which are sometimes unlit, or dimly lit. Even though cameras with ColorVu can record footage in extremely low light conditions, teams often choose to turn on the cameras’ supplementary light as an additional deterrent to a break in or other security incident.

Find out more
These examples are the tip of the iceberg in terms of how and where cameras with ColorVu technology can be deployed to boost security and protect people and assets. For more information about the ColorVu technology, please visit here.