Teledyne Oil & Gas, a business unit of Teledyne Technologies Incorporated, announced today that it held a Grand Opening celebration of its new 52,000-square-foot Technology Development Center in Daytona Beach. The Technology Development Center is a high-tech research and new product development center to bring forward engineered solutions to complex technical challenges, primarily for the offshore oil and gas production and exploration industries. The Honorable Rick Scott, Governor of Florida, provided opening remarks for the building, along with Dr. Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne Technologies Incorporated, and other industry executives. This new center is expected to add over 100 new jobs to the local community.
The new building complements the existing 100,000-square-foot Teledyne Oil & Gas headquarters and manufacturing plant located on the same campus. The Technology Development Center will focus on new product development and doubles the capacity for research and development for global oil & gas operations. This facility marks the first centralized research and development facility outside of Teledyne Scientific, the company’s corporate research center in Thousand Oaks, Calif.
“Through Teledyne Oil & Gas and our other Teledyne Marine group companies, Teledyne provides our customers with one of the most comprehensive portfolios of marine technological products, ranging from connectors and communication devices to sensors, imaging systems and complete underwater vehicles,” said Robert Mehrabian. “Both reliability and innovation are critical to Teledyne. We are pleased to make this investment and see it benefit our business, customers, employees and the local community.”