BEDFORD, Mass., Oct 07, 2010 (BUSINESS WIRE) --
iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced that it has received a $14 million order from the U.S. Army TACOM Contracting Center in Warren, Mich. The order calls for the delivery of iRobot Aware(R) 2 robot intelligence software and spare parts for iRobot PackBot tactical mobile robots. This order will allow the Army to upgrade its existing iRobot 510 FasTac fleet to the iRobot 510 PackBot multi-mission robot.
This is the 20th order under the $286 million Indefinite Delivery/Indefinite Quantity (IDIQ) xBot contract. The current total contract value now stands at approximately $143 million.
The iRobot 510 PackBot multi-mission robot performs bomb disposal and other dangerous missions for warfighters and is being used in Iraq and Afghanistan. Powered by iRobot Aware(R) 2 robot intelligence software, 510 PackBot is a highly adaptable robot. The robot's modular digital architecture accommodates a wide variety of interchangeable payloads that enable a wide variety of missions. 510 PackBot can be reconfigured quickly, based on the needs of the mission and the operator's preferences. iRobot Aware(R) 2 software also allows for the implementation of assistive autonomous operations, reducing operator workload and providing increased situational awareness.
"We are pleased to be providing these important software upgrades and spares to the Army," said Robert Moses, president of iRobot's Government and Industrial Robots division. "This will allow a more standardized fleet of robots that can accept additional upgrades in the future as new payloads are developed and autonomous capabilities increase. The order also ensures that these robots are properly maintained and ready to be deployed on the battlefield where they are saving lives every day."
iRobot has delivered more than 3,500 unmanned ground vehicles to the military and civil defense forces worldwide.
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 its government and industrial robots protect those in harm's way. iRobot's consumer and military robots feature iRobot Aware(R) 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.
SOURCE: iRobot Corp.
Elise Caffrey, 781-430-3003
Nancy Smith, 781-430-3323