BEDFORD, MA., September 25, 2008 – iRobot Corp. (Nasdaq: IRBT) today announced that it has received an order totaling $5.8 million under its current xBot contract with the U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI).
This is the fifth order under the $286 million Indefinite Delivery/Indefinite Quantity (IDIQ) xBot contract, which will deliver spare parts and accessories for iRobot’s PackBot 510 with FasTac Kit. Orders to date under PEO STRI’s xBot contract for robot units and spare parts now total $50.3 million.
The PackBot 510 with FasTac Kit, currently in use in Iraq and Afghanistan, investigates suspicious objects and identifies roadside bombs and other improvised explosive devices (IEDs), as well as unexploded ordnance, while keeping troops at safe standoff distances. This new order will provide the Army with updated controllers, manipulators and cameras for the robot.
“The PackBot 510 with FasTac Kit has proven itself to be a valuable tool for our troops, helping them to safely identify roadside bombs and other improvised explosive devices from safe distances,” said Joe Dyer, president of iRobot Government and Industrial Robots. “This contract for spare parts to our PackBot 510 with FasTac Kit is critical to ensuring that the robot can perform its missions while keeping our soldiers out of harm’s way.”
iRobot has delivered more than 1,800 PackBot robots that make a difference everyday by conducting dangerous missions that keep warfighters out of harm’s way.
About iRobot Corp.
iRobot is a provider of robots that perform dull, dirty or dangerous missions in a better way. The company's proprietary technology, iRobot Aware™ Robot Intelligence System, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots. For additional 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 |