Bedford, Mass., October 6, 2008 – iRobot Corp. (Nasdaq: IRBT) today announced it has received an order totaling $3.5 million under a contract with the U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI).
This is the seventh order under the $286 million Indefinite Delivery/Indefinite Quantity (IDIQ) xBot contract. Under its terms, iRobot will deliver up to 26 of its PackBot 510 with FasTac Kit robots and spare parts to the Army. Total orders under this contract have now reached approximately $67 million.
“With this most recent order, the Army is making it clear that it intends to build upon its use of unmanned systems,” said Joe Dyer, president of iRobot Government and Industrial Robots. “Over the years, we have seen the life saving benefits of the iRobot PackBot. We are honored to continue providing these valuable tools to our troops to increase mission effectiveness and keep them safer on the battlefield.”
The PackBot 510 with FasTac Kit is used by infantry in combat operations to perform reconnaissance, investigate suspicious objects, identify roadside bombs and other improvised explosive devices (IEDs), and to uncover unexploded ordnance while keeping soldiers in theater at safe distances. iRobot will deliver spare parts to the Army by January 29, 2009 and all 26 PackBot with FasTac Kit robots by April 30, 2009.
iRobot has delivered more than 2,000 PackBot robots that make a difference everyday by conducting dangerous missions that keep warfighters out of harm's way.
About iRobot Corp.
iRobot designs and builds robots that make a difference. The company’s home robots help people with smarter ways to clean, and our government and industrial robots protect those in harm’s way. iRobot’s consumer and military robots feature iRobot AWARE™ robot intelligence systems, proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence. For more information about iRobot, please visit www.irobot.com.
For iRobot Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, iRobot Corp.'s expectations concerning estimates of future revenues. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things our dependence on the U.S. federal government and government contracts, efforts to expand product offerings may not succeed, changes in the policies and spending priorities of governments and government agencies, the complexities of our products, and reliance on limited source suppliers and third-party manufacturers. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corp. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot Corp., see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report of Form 10-K.
| Contact: | |
| Elise Caffrey Investor Relations iRobot Corp. (781) 430-3003 ecaffrey@irobot.com |
Nancy Smith Media Relations iRobot Corp. (781) 430-3323 nsmith@irobot.com |