BEDFORD, Mass., May 6, 2009 – iRobot Corp. (Nasdaq: IRBT) today announced that it has received an order totaling $16.8 million from the U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI).
This order marks the first purchase of iRobot’s advanced PackBot 510 series under an existing $200 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract. The PackBot 510 series provides the Army with advanced robotic capabilities that surpass those of the battle-tested PackBot 500.
This is the sixth order under the IDIQ contract. The current total contract value now stands at approximately $22 million. This order includes the delivery of 125 PackBot 510 with EOD Kit robots.
The PackBot 510 with EOD Kit has advanced vision and surveillance capabilities. It easily adapts to different Improvised Explosive Device (IED) missions including check points, inspections, and route clearance. The robot provides soldiers with a tool to identify and dispose of IEDs, roadside bombs, and other unexploded ordnance while keeping them at safe distances. Additionally, the PackBot 510 provides improved lift and manipulation capabilities, greater speed, military-standard batteries, a hardened laptop with game-style hand controller, and a variety of other upgrades that enhance its mission effectiveness.
“The PackBot 510 provides a new level of capability and modularity in support of the warfighter,” said Joe Dyer, president of iRobot Government and Industrial Robots. “These robots are battle-tested and are saving lives by giving our troops separation from many of the dangers found on the battlefield. The PackBot 510 builds on the tradition of the PackBot 500.”
iRobot has delivered more than 2,400 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 its 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 |