Bedford, Mass., October 27, 2008 – iRobot Corp. (Nasdaq: IRBT) today announced it has received a $3.7 million order from the Naval Sea Systems Command (NAVSEA) under an existing Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract.
The order is for delivery of 17 PackBot Man Transportable Robotic System (MTRS) robots and repair parts to NAVSEA by January 31, 2009. The PackBot MTRS robots are customized for NAVSEA and are modeled after iRobot’s proven PackBot 500 with EOD Kit. It is equipped with advanced tools and sensors that enable EOD technicians to detect, identify and disable explosive devices from safe distances.
“As we have seen over the past several years, robots have become an indispensable tool in the identification of explosive devices,” said Joe Dyer, president of iRobot Government and Industrial Robots. “I am pleased that NAVSEA is continuing to provide this technology to our troops, helping to keep them safe as they serve to protect their fellow soldiers and those of us back home.”
Under NAVSEA’s IDIQ contract, the military could order up to $264 million in robots, spare parts, training and repair services. The order brings the total value of NAVSEA orders placed to date to approximately $102 million.
iRobot has delivered more than 1,900 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 management's forecast of financial performance, estimates of future revenues, estimates of the size of the markets for its products, and its business outlook and business momentum. 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; and changes in government policies or spending priorities. 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 on 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 |