Honda Engines

[Scott Brynen]

Press Release
Source: Honda Motor Co., Ltd.

Honda and Teledyne to Study Business Opportunities For Honda's
Next-generation Piston Aviation Engine
Monday March 3, 9:00 pm ET

TOKYO, March 3 /PRNewswire/ -- Honda Motor Co., Ltd., announced today that
Honda and Teledyne Continental Motors, Inc. (TCM) will begin a joint market
feasibility study for a next-generation piston aviation engine currently in
development by Honda. Over the next several months, the joint study will
evaluate potential business opportunities for both parties to work together
toward marketing, servicing and manufacturing, and identifying potential
product launch customers for such engines for the general aviation market.

The announcement follows approximately two years of cooperation between the
two companies on the testing of a prototype Honda designed piston aviation
engine at the Mobile, Alabama facility of TCM. Honda's piston aviation
engine technologies derive from its research and development of motorcycles
and automobiles. With support in the development process based on TCM's
aviation expertise and know-how, Honda has developed a prototype piston
aviation engine that has achieved the technical potential for being
significantly advanced over currently available engines in terms of weight,
fuel efficiency, power output and emissions. Honda, TCM and Teledyne
Technologies Incorporated (NYSE: <http://finance.yahoo.com/q?s=tdy&d=t>TDY
- <http://biz.yahoo.com/n/t/tdy.html>News), the parent company of TCM, have
agreed to conduct a joint feasibility study as the next step in their
relationship.

The general aviation power plants include piston, turbo-prop, and turbo-fan
engines. In addition to turbo-fan engines Honda has been researching since
1986, Honda has also been researching and developing more cost effective
piston aviation engines since 2000.

Honda is one of the world's leading producers of mobility products
including automobiles, motorcycles and power products. This diverse product
line-up has made Honda the world's preeminent engine-maker, with production
of more than 15 million engines globally in 2002.

Teledyne Technologies is a leading provider of sophisticated electronics
components, instruments and communication products, systems engineering
solutions, and aerospace engines and components and on-site gas and power
generation systems.

Teledyne Continental Motors, Inc., is a leading provider of new,
re-manufactured, and overhauled piston aircraft engines, ignition systems,
spare parts and aviation batteries for the General Aviation industry.



Source: Honda Motor Co., Ltd.



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