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The sound of sirens in the distance is commonplace, nowadays. Whether related to a medical emergency or everyday crimes, such as theft, property crimes, and so on, we’re all accustomed to hearing these sirens by now. It is worth noting that many incidents that police respond to take place at night. According to a recent report by the Sleep Judge, more than half of murders, manslaughter, sexual assaults, robberies, aggravated assaults and motor vehicle thefts happen long after the sun has set. To anyone looking to address the round-the-clock security challenge, deploying the most comprehensive surveillance solution is a must, and this means, looking at the instrumental role illumination plays in video capture. Limitations of traditional video surveillance For surveillance cameras relying on video analytics and artificial intelligence (AI) to deliver functionalities such as facial recognition, license plate reading and motion detection, nighttime crimes can pose something of a problem. Without adequate illumination, images from video cameras are grainy and unusable.If surveillance cameras can’t be used to prevent, detect and/or resolve crimes that occur in these areas, the entire security operation is obsolete Without proper lighting, potential criminals and moving objects essentially become indistinguishable, at night, thereby inhibiting even the most advanced security technologies. This limitation of traditional surveillance technology not only hinders immediate police response, but it also stops crime investigations dead in their tracks. Often, without video evidence that is clear and discernible, conviction in a court of law is next to impossible. A common response to this issue is to place security cameras near streetlights or well-lit areas. After all, according to NPR, street lights are effective in deterring crime, as “there are people such as neighbors, pedestrians, or police, to actually see suspicious activity.” However, even if streetside and primary entrances are well lit, the areas that still need most to be surveilled are rear or side doorways shrouded by darkness, unlit back alleys, and so on. If surveillance cameras can’t be used to prevent, detect and resolve crimes that occur in these areas, the entire security operation is obsolete. Best-in-class security solutions must be able to see everything, day and night. A purpose-designed illumination solution Addressing this issue is easier than you might think. Much like a human eye needs some sort of light to “see,” so does video surveillance technology. Integrating external illuminators into a security solution can optimise camera performance exponentially, expanding a camera’s video capture and coverage abilities and ensuring the operation of video analytics, day and night. Opting for an external illuminator allows system integrators to select a device that matches the exact emission range of a camera’s field of view (FOV). The result is an evenly lit visual field, where captured images are clear and effective for security purposes. The two most common options available to integrators include infrared (IR) and white light illuminators. Each technology is built to optimise particular deployments, depending on their needs. Infrared versus white light IR illuminators emit IR light, which is invisible to the human eye and perfect for covert surveillance operations. When cameras need to be able to detect potential threats over long distances, IR illuminators are perfect for the job as they typically have longer emission ranges. IR illuminators are optimal for surveillance operations in license plate recognition, border patrol, safe cities, theme park, and medical sleep lab applications.Cameras deployed without proper illumination are rendered blind, especially at night If an end user needs to implement full-color video analytics for identification purposes, such as facial, object and license plate recognition, white light illuminators are undoubtedly an integrator’s best bet. IR illumination and traditional thermal security cameras, after all, are only able to provide black-and-white images, whereas object recognition software often identifies objects based on their color. White light illuminators installed alongside AI-powered surveillance cameras enable enhanced video image clarity, which, optimises video analytics performance. When customers want to physically deter suspicious activity, deploying white light illuminators is effective. A recent study out of Crime Labs New York found that businesses that deployed visible lights to deter crime “experienced crime rates that were significantly lower,” which “led to a 36 percent reduction in ‘index crimes’”. On top of all this, LED based white lights operate at low running costs and typically have long lifespans, saving end users thousands of dollars a year in energy costs without having to sacrifice surveillance optimisation. External versus built-in illumination Security customers looking to use lighting to deter crime and improve the performance of video surveillance may consider “all-in-one" solutions, as some cameras have LEDs (light emitting diodes) built into them. These LEDs typically encircle the lens and therefore shed light in whatever direction the camera is pointed. However convenient these may seem, built-in illumination can cause problems. First, LEDs built into cameras and next to other electronic components often cause heat to build up, which attracts insects that can trigger motion detection and obstruct a camera’s view. This heat buildup also shortens the LED lights lifespan. Built-in LEDs also tend to create “hot spots” with glare and reflection back into the camera, often because these lights only cover a 30-degree field of view (FOV), even though the average camera’s FOV is 90 degrees. This issue can severely limit a camera’s visibility, essentially rendering those remaining 60 degrees dark and unusable. All in all, when integrating lighting solutions into your security deployment, a cost-effective solution that enhances a camera’s video capture and coverage abilities, are external illuminators because they offer flexible choices of field of view and distances. Best-in-class security solution When it comes to criminal conviction in a court of law, “seeing really is believing.” Cameras deployed without proper illumination are rendered blind, especially at night, just as any security officer would be when patrolling the same unlit area. To guarantee end users the most reliable and highest performing security solution, consider integrating best-in-class illumination into your offerings.
Urban populations are expanding rapidly around the globe, with an expected growth of 1.56 billion by 2040. As the number of people living and working in cities continues to grow, the ability to keep everyone safe is an increasing challenge. However, technology companies are developing products and solutions with these futuristic cities in mind, as the reality is closer than you may think. Solutions that can help to watch over public places and share data insights with city workers and officials are increasingly enabling smart cities to improve the experience and safety of the people who reside there. Rising scope of 5G, AI, IoT and the Cloud The main foundations that underpin smart cities are 5G, Artificial Intelligence (AI), and the Internet of Things (IoT) and the Cloud. Each is equally important, and together, these technologies enable city officials to gather and analyse more detailed insights than ever before. For public safety in particular, having IoT and cloud systems in place will be one of the biggest factors to improving the quality of life for citizens. Smart cities have come a long way in the last few decades, but to truly make a smart city safe, real-time situational awareness and cross-agency collaboration are key areas which must be developed as a priority. Innovative surveillance cameras with integrated IoT Public places need to be safe, whether that is an open park, shopping centre, or the main roads through towns Public places need to be safe, whether that is an open park, shopping centre, or the main roads through towns. From dangerous drivers to terrorist attacks, petty crime on the streets to high profile bank robberies, innovative surveillance cameras with integrated IoT and cloud technologies can go some way to helping respond quickly to, and in some cases even prevent, the most serious incidents. Many existing safety systems in cities rely on aging and in some places legacy technology, such as video surveillance cameras. Many of these also use on-premises systems rather than utilising the benefits of the cloud. Smart programming to deliver greater insights These issues, though not creating a major problem today, do make it more challenging for governments and councils to update their security. Changing every camera in a city is a huge undertaking, but in turn, doing so would enable all cameras to be connected to the cloud, and provide more detailed information which can be analysed by smart programming to deliver greater insights. The physical technologies that are currently present in most urban areas lack the intelligent connectivity, interoperability and integration interfaces that smart cities need. Adopting digital technologies isn’t a luxury, but a necessity. Smart surveillance systems It enables teams to gather data from multiple sources throughout the city in real-time, and be alerted to incidents as soon as they occur. Increased connectivity and collaboration ensures that all teams that need to be aware of a situation are informed instantly. For example, a smart surveillance system can identify when a road accident has occurred. It can not only alert the nearest ambulance to attend the scene, but also the local police force to dispatch officers. An advanced system that can implement road diversions could also close roads around the incident immediately and divert traffic to other routes, keeping everyone moving and avoiding a build-up of vehicles. This is just one example: without digital systems, analysing patterns of vehicle movements to address congestion issues could be compromised, as would the ability to build real-time crime maps and deploy data analytics which make predictive policing and more effective crowd management possible. Cloud-based technologies Cloud-based technologies provide the interoperability, scalability and automation Cloud-based technologies provide the interoperability, scalability and automation that is needed to overcome the limitations of traditional security systems. Using these, smart cities can develop a fully open systems architecture that delivers interoperation with both local and other remote open systems. The intelligence of cloud systems can not only continue to allow for greater insights as technology develops over time, but it can do so with minimal additional infrastructure investment. Smart surveillance in the real world Mexico City has a population of almost 9 million people, but if you include the whole metropolitan area, this number rises sharply to over 21 million in total, making it one of the largest cities on the planet. Seven years ago, the city first introduced its Safe City initiative, and ever since has been developing newer and smarter ways to keep its citizens safe. In particular, its cloud-based security initiative is making a huge impact. Over the past three years, Mexico City has installed 58,000 new video surveillance cameras throughout the city, in public spaces and on transport, all of which are connected to the City’s C5 (Command, Control, Computers, Communications and Citizen Contact) facility. Smart Cities operations The solution enables officers as well as the general public to upload videos via a mobile app to share information quickly, fixed, body-worn and vehicle cameras can also be integrated to provide exceptional insight into the city’s operations. The cloud-based platform can easily be upgraded to include the latest technology innovations such as licence plate reading, behavioural analysis software, video analytics and facial recognition software, which will all continue to bring down crime rates and boost response times to incidents. The right cloud approach Making the shift to cloud-based systems enables smart cities to eliminate dependence on fibre-optic connectivity and take advantage of a variety of Internet and wireless connectivity options that can significantly reduce application and communication infrastructure costs. Smart cities need to be effective in years to come, not just in the present day, or else officials have missed one of the key aspects of a truly smart city. System designers must build technology foundations now that can be easily adapted in the future to support new infrastructure as it becomes available. Open system architecture An open system architecture will also be vital for smart cities to enhance their operations For example, this could include opting for a true cloud application that can support cloud-managed local devices and automate their management. An open system architecture will also be vital for smart cities to enhance their operations and deliver additional value-add services to citizens as greater capabilities become possible in the years to come. The advances today in cloud and IoT technologies are rapid, and city officials and authorities have more options now to develop their smart cities than ever before and crucially, to use these innovations to improve public safety. New safety features Though implementing these cloud-based systems now requires investment, as new safety features are designed, there will be lower costs and challenges associated with introducing these because the basic infrastructure will already exist. Whether that’s gunshot detection or enabling the sharing of video infrastructure and data across multiple agencies in real time, smart video surveillance on cloud-based systems can bring a wealth of the new opportunities.
Securing Intelligent Transportation Systems (ITS) in the transportation industry is multi-faceted for a multitude of reasons. Pressures build for transit industry players to modernise their security systems, while also mitigating the vulnerabilities, risks, and growth-restrictions associated with proprietary as well as integrated solutions. There are the usual physical security obstacles when it comes to increasingly integrated solutions and retrofitting updated technologies into legacy systems. Starting with edge devices like cameras and intelligent sensors acquiring video, analytics and beyond, these edge devices are now found in almost all public transportation like buses, trains, subways, airplanes, cruise lines, and so much more. You can even find them in the world’s last manually operated cable car systems in San Francisco. The next layer to consider is the infrastructure and networks that support these edge devices and connect them to centralized monitoring stations or a VMS. Without this layer, all efforts at the edge or stations are in vain as you lose the connection between the two. And the final layer to consider when building a comprehensive transit solution is the software, recording devices, or viewing stations themselves that capture and report the video. The challenge of mobility However, the transportation industry in particular has a very unique challenge that many others do not – mobility. As other industries become more connected and integrated, they don’t usually have to consider going in and out or bouncing between networks as edge devices physically move. Obviously in the nature of transportation, this is key. Have you ever had a bad experience with your cellular, broadband or Wi-Fi at your home or office? You are not alone. The transportation industry in particular has a very unique challenge that many others do not – mobility Can you trust these same environments to record your surveillance video to the Cloud without losing any frames, non-stop 24 hours a day, 7 days a week, 365 days a year? To add to the complexity – how do you not only provide a reliable and secure solution when it’s mobile, travelling at varying speeds, and can be in/out of coverage using various wireless technologies? Waiting to upload video from a transport vehicle when it comes into port, the station, or any centralised location is a reactive approach that simply will not do any longer. Transit operations require a more proactive approach today and the ability to constantly know what is going on at any given time on their mobile vehicles, and escalate that information to headquarters, authorities, or law enforcement if needed; which can only occur with real-time monitoring. This is the ultimate question when it comes to collecting, analysing, and sharing data from mobile vehicles – how to get the video from public transportation vehicles alike to headquarters in real time! Managing video data In order to answer this question, let’s get back to basics. The management and nature of video data differs greatly from conventional (IT) data. Not only is video conducted of large frames, but there are specific and important relationships among the frames and the timing between them. This relationship can easily get lost in translation if not handled properly. This is why it’s critical to consider the proper way to transmit large frames while under unstable or variable networks. The Internet and its protocols were designed more than two decades ago and purposed for conventional data. Although the Internet itself has not changed, today’s network environments run a lot faster, expand to further ranges, and support a variety of different types of data. Because the internet is more reliable and affordable than in the past some might think it can handle anything. However, it is good for data, but not for video. This combination makes it the perfect time to convert video recording to the Cloud! Video transmission protocol One of the main issues with today’s technology is the degradation of video quality when transmitting video over the Internet. ITS are in dire need for reliable transmission of real-time video recording. To address this need a radical, yet proven, video transmission protocol has recently been introduced to the market. It uses AI technology and to adapt to different environments in order to always deliver high quality, complete video frames. This protocol, when equipped with encryption and authentication, enables video to be transmitted reliably and securely over the Internet in a cloud environment. One of the main issues with today’s technology is the degradation of video quality when transmitting video over the Internet Finally, transportation industry has a video recording Cloud solution that is designed for (massive) video that can handle networks that might be experiencing high error rate. Such a protocol will not only answer the current challenges of the transportation industry, but also make the previously risky Cloud environment safe for even the most reserved environments and entities. With revolutionary transmission protocols, the time is now to consider adopting private Cloud for your transportation operations.
FLIR Systems announces the availability of two premium visible-camera options as part of its full lineup of Quasar™ security cameras. Designed for use in demanding indoor and outdoor environments, the new FLIR Quasar Premium Mini-dome and Quasar Premium bullet deliver the forensic image quality, tight integration, and advanced cybersecurity features required for critical infrastructure sites, remote facilities, or large areas requiring close monitoring. The new Quasar Premium lineup offers the highest quality video surveillance in the product family, delivering optimal performance for forensic review. Extended range performance The FLIR Quasar Premium Mini-dome is available with 5MP HD or 4K Ultra-HD resolutions and the FLIR Quasar Premium bullet series is available with 4MP Quad HD and 4K Ultra-HD resolutions, coupled with a variety of lens options for extended range performance for perimeter security. Both cameras have an SD-card for on-edge recording and redundancy, while also meeting the H.265 video compression standard to minimise network bandwidth and storage space. The versatile FLIR Quasar Premium Mini-dome series is IP66 rated for dust and waterproof protection and can be ceiling- or wall-mounted in minutes. In no-light conditions, the unit can provide up to 40 meters of visibility via on-board near-infrared illumination. Improved three-shutter wide dynamic range (WDR) (130db) offers optimal light balance in scenarios with both light and dark spots. Additional cybersecurity enhancements The FLIR Quasar™ Premium bullet series is also IK10 vandal-proof and designed to be permanently installed The camera has an IK10 vandal-proof rating and is available with an optional smoke bubble accessory used to obscure camera position. The FLIR Quasar™ Premium bullet series is also IK10 vandal-proof and designed to be permanently installed, typically pole-mounted, for video surveillance. It covers up to 60 meters of visibility via on-board near-infrared Illumination and also features three-shutter WDR (130db). The camera is IP67 rated for dustproof and waterproof protection while offering an extended operating temperature range from -40 degrees Celsius to 60 degrees Celsius (-40 degrees to 140 degrees Fahrenheit) for use in extreme conditions. Similar to other Quasar products, the Quasar Premium bullet, and Premium Dome editions are National Defence Authorisation Act (NDAA)-compliant and include industry-standard security protocols and additional cybersecurity enhancements. Reduced bandwidth issues These features include unique protection from log-in attacks, hardware and software authentication, and encrypted communication to help keep facilities safe from cyber threats. They maintain open platform compatibility and can be used with a large variety of third-party VMS solutions or FLIR United VMS. They also include bi-directional audio and operator control of input/output devices for remote monitoring and responding to events. To further lower the cost of ownership and ease of installation, the cameras include the FLIR accessory and mounting ecosystem. The cameras support the 1G network for better streaming and reduced bandwidth issues. Both cameras also include customised video flow options for live and recorded video, including frames-per-second output adjustment and encoding for extra streams. The Quasar Premium bullet and Premium Dome editions are available for purchase globally from FLIR or authorised distributors.
The Insights from the Field series features insight from FLIR experts who recommend, deploy, and use thermal imaging technology every day. FLIR discusses the diverse applications of thermal technology in security, safety, and equipment protection for critical infrastructure. Epidemics and pandemics can leave large enterprises that employ and receive thousands of people vulnerable to widespread infection and business interruptions. Without the right entry protocols in place, an employee who has symptoms of an infectious disease, such as a fever, could enter a facility and put the entire workforce at risk of exposure. Skin temperature screening Elevated Skin Temperature Screening Major businesses are ramping up their workforce safety best practices by deploying FLIR thermal cameras for elevated skin temperature measurement. Registered with the U.S. Food and Drug Administration (FDA), these non-contact thermal cameras measure skin surface temperature at the inner canthus (or corner of a person's eye). FLIR thermal cameras that are engineered for elevated skin temperature screening can achieve accuracies of ±0.3°C FLIR thermal cameras that are engineered for elevated skin temperature screening can achieve accuracies of ±0.3°C (0.5°F) over a temperature measurement range of 15°C to 45°C (59°F to 113°F). This aligns with the U.S. FDA Guidance for Industry and Food and Drug Administration Staff as well as with ISO/TR 13154 specification. FLIR provides an array of cameras for elevated skin temperature screening in multiple form factors—including handheld, tripod mounted, or fixed-mounted—optimised for a variety of application needs. Measuring body temperature Infrared thermography can detect elevated skin temperatures, which may indicate the presence of a fever. When followed by a screening with a medical device designed specifically for measuring body temperature, such as a thermometer, the use of an infrared camera as an adjunctive diagnostic tool may help contain or limit the spread of viral diseases such as bird flu, swine flu, or COVID-19. In the wake of COVID-19, businesses across the critical infrastructure market rapidly adopted thermal cameras for elevated skin temperature screening. In the utilities sector, the Office of Cybersecurity, Energy Security and Emergency Response notes how energy utilities are updating their entry protocols in response to COVID-19. Practices now include wellness questionnaires to check for symptoms as well as temperature checks conducted through tools such as thermal cameras. Screening all patients GM deployed 377 FLIR thermal cameras across 72 sites to help limit the spread of COVID-19 General Motors (GM) is one of the manufacturers of motor vehicles, has over 85,000 employees in the United States, and has some plants that employ 1,000 people in a given shift. In May 2020, GM deployed 377 FLIR thermal cameras across 72 sites to help limit the spread of COVID-19. Healthcare facilities are also installing FLIR solutions; for example, the VA Medical Center in Manchester, New Hampshire deployed FLIR thermal cameras to screen all patients and staff for elevated skin temperature prior to them entering the building. In the transportation sector, Emirates airlines deployed FLIR thermal cameras at departure gates for all U.S. gateways beginning in March 2020. Guests travelling on U.S. bound flights out of the Dubai International Airport are screened for elevated skin temperature. Radiometric thermal cameras As more critical infrastructure organisations deploy thermal cameras for elevated skin temperature screening, they will likely prompt greater long-term adoption and integration of radiometric thermal cameras into the overall security and safety solution. Here’s why. While temperature screening of employees and guests often falls under the purview of Environmental Health and Safety or Occupational Health and Safety teams, not every business has a dedicated EHS or OHS staff. As a result, many organisations are tasking their security teams to vet and implement screening solutions. Security officers as well as security equipment, such as surveillance cameras and metal detectors, are already in place at key entry points in a facility. As a result, many security officers must play a dual role as the frontline personnel required to use handheld or tripod mounted thermal cameras to conduct elevated skin temperature screening. Video surveillance solutions It’s important to use a high-resolution thermal camera for elevated skin temperature screening Adding a thermal camera for elevated skin temperature screening is a logical addition to existing video surveillance solutions. As critical infrastructure businesses shift their attention toward the long-term implementation of thermal cameras for elevated skin temperature screening, there are multiple deployment practices to consider. Here are the a few recommendations from FLIR’s team of experts. Choose a Certified Camera – To ensure optimal reliability and deployment success, choose a thermal camera specifically designed for elevated skin temperature screening with a 510(k) filing (K033967) with the U.S. Food and Drug Administration. When looking to integrate this thermal camera into an existing video management system, make sure the camera is ONVIF-compliant. Other screening standards should be considered including ISO/TR 13154:2017 and IEC 80601-2-59:2017. Select a Camera with High Resolution – It’s important to use a high-resolution thermal camera for elevated skin temperature screening so one can capture the right pixels to yield accurate readings. Delivering consistent measurements Ensure Proper Distance for Screening – Distance matters. Make sure the camera is placed at the manufacturer’s recommended distance away from the individual so the camera can focus. Ensure the camera is stabilised so that the camera will deliver consistent measurements. Place a neutral backdrop a few feet behind the location where the person will be screened, and only screen one person at a time to identify temperature anomalies. It is more susceptible to environmental interferences and more likely to generate measurement errors Measure the Right Spot – While the forehead is easier to quickly screen, it is more susceptible to environmental interferences and more likely to generate measurement errors. Research has shown that the corner of the eye—the region medially adjacent to the inner canthus—provides a more accurate estimate of core body temperature than other areas of skin. Specific skin temperature This is because skin at the canthi is thin (decreasing insulating effects), is less exposed to environmental factors, and is directly over major arteries which increase blood flow and heat transfer. Set an Alarm Threshold – For FLIR cameras with a Screen-EST™ mode, set an alarm upon detection of a specific skin temperature compared against a sample average of temperature value. Because skin temperature can vary multiple degrees throughout the day based on the environment and other factors, FLIR Screen-EST mode gathers temperatures from several individuals to determine an average that can be updated throughout the screening operation. This is a defining feature and capability for the FLIR cameras for elevated skin temperature screening.
Teledyne Technologies Incorporated (“Teledyne”) and FLIR Systems, Inc. (“FLIR”) jointly announced that they have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8.0 billion. “FLIR’s commitment to innovation spanning multiple sensing technologies has allowed our company to grow into the multi-billion-dollar company it is today”. Permanent financing Under the terms of the agreement, FLIR stockholders will receive $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 $56.00 per FLIR share based on Teledyne’s 5-day volume weighted average price. The transaction reflects a 40% premium for FLIR stockholders based on FLIR’s 30-day volume weighted average price. Net leverage at closing is expected to be 4.0x adjusted pro forma EBITDA with leverage declining to less than 3.0x As part of the transaction, Teledyne has arranged a $4.5 billion 364-day credit commitment to fund the transaction and refinance certain existing debt. Teledyne expects to fund the transaction with permanent financing prior to closing. Net leverage at closing is expected to be approximately 4.0x adjusted pro forma EBITDA with leverage declining to less than 3.0x. Different semiconductor technologies Teledyne expects the acquisition to be immediately accretive to earnings, excluding transaction costs and intangible asset amortisation, and accretive to GAAP earnings in the first full calendar year following the acquisition. “At the core of both our companies is proprietary sensor technologies. Our business models are also similar: we each provide sensors, cameras and sensor systems to our customers. However, our technologies and products are uniquely complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths,” said Robert Mehrabian, Executive Chairman of Teledyne. Multiple sensing technologies “For two decades, Teledyne has demonstrated its ability to compound earnings and cash flow consistently and predictably. Together with FLIR and an optimised capital structure, I am confident we shall continue delivering superior returns to our stockholders.” We could not be more excited to join forces with Teledyne through this value-creating transaction" “FLIR’s commitment to innovation spanning multiple sensing technologies has allowed our company to grow into the multi-billion-dollar company it is today,” said Earl Lewis, Chairman of FLIR. “With our new partner’s platform of complementary technologies, we will be able to continue this trajectory, providing our employees, customers and stockholders even more exciting momentum for growth. Our Board fully supports this transaction, which delivers immediate value and the opportunity to participate in the upside potential of the combined company.” Global customer base Jim Cannon, President and Chief Executive Officer of FLIR, said, “We could not be more excited to join forces with Teledyne through this value-creating transaction. Together, we will offer a uniquely complementary end-to-end portfolio of sensory technologies for all key domains and applications across a well-balanced, global customer base." "We are pleased to be partnering with an organisation that shares our focus on continuous innovation and operational excellence, and we look forward to working closely with the Teledyne team as we bring our two companies together to capitalise on the important opportunities ahead.” Approvals and timing Teledyne announced improved preliminary financial results for the fourth quarter and full year 2020 In a separate press release issued, Teledyne announced improved preliminary financial results for the fourth quarter and full year 2020. The Teledyne press release is available on the company’s official website. FLIR noted that it expects to meet or exceed the full year fiscal 2020 guidance it provided on October 30, 2020. The transaction, which has been approved by the boards of directors of both companies, is expected to close in the middle of 2021 subject to the receipt of required regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, approvals of Teledyne and FLIR stockholders and other customary closing conditions. Conference call and webcast Evercore is acting as exclusive financial advisor and McGuireWoods LLP is acting as legal advisor to Teledyne in connection with the transaction. Goldman Sachs & Co. LLC is acting as exclusive financial advisor and Hogan Lovells US LLP is acting as legal advisor to FLIR in connection with the transaction. Teledyne has entered into a 364-day senior unsecured bridge facility credit agreement with Bank of America as sole lead arranger and administrative agent. Teledyne and FLIR will host a conference call to discuss the acquisition. A live webcast of the call can be accessed at Teledyne’s website. One can connect to the website at least 15 minutes prior to the start of the call to allow adequate time for any software download that may be required. A replay will be available on the company’s website approximately three hours after the call and will be available for approximately one month.
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