Stock Quote

Data Provided by Refinitiv. Minimum 15 minutes delayed.

News Release

 View printer-friendly version

<< Back

iRobot Receives Order From the U.S. Army Totaling $5.5 Million

Marks 8th Order Under Current xBot Contract

BEDFORD, Mass., Jan. 29, 2009 – iRobot Corp. (Nasdaq: IRBT) today announced that it has received a $5.5 million order from the U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI).

This is the eighth order under the $286 million Indefinite Delivery/Indefinite Quantity (IDIQ) xBot contract. It calls for the delivery of 72 iRobot PackBot 510 with FasTac Kit robots, spare parts and repairs. Orders to date under PEO STRI’s xBot contract now total approximately $73 million. iRobot will begin delivering the robots immediately.

The PackBot 510 with FasTac Kit provides a tool for non-Explosive Ordnance Disposal (EOD) troops to investigate suspicious objects and potential threats while keeping them at safe distances. It is lighter than many other EOD robots and easily adapts to the constantly changing requirements of roadside bomb identification and other hazardous missions. This makes the PackBot 510 with FasTac Kit a practical robot for route clearance teams and general infantry.

“As we have seen on a daily basis with our troops in Iraq and Afghanistan, robots are taking a more active role in military operations,” said Joe Dyer, president of iRobot Government and Industrial Robots. “iRobot is pleased to provide these life saving tools to our military. They are proven to increase mission effectiveness, and there is no doubt that they are helping to save lives on the battlefield.”

iRobot has delivered more than 2,200 PackBot robots that make a difference every day 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