BURLINGTON, Mass., Oct. 16, 2007 – iRobot Corp. (Nasdaq: IRBT) today announced it received a delivery order totaling $8.8 million from the U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI), on behalf of the Robotic Systems Joint Project Office at Redstone Arsenal, Ala. This order for 40 iRobot® PackBot® robots, plus spare parts and equipment, brings total orders to date from PEO STRI to $45 million. iRobot expects to complete delivery by the end of June 2008.
PEO STRI placed this order for a range of iRobot systems, including PackBot with ICx Fido Kit as well as the Army's first orders for the PackBot 510 robot and more than 300 new high-performance radios that will be retrofitted onto existing iRobot PackBots in theater. These radios increase the operational range and flexibility of the PackBot systems to achieve mission success in a wider range of tactical environments than previously possible. The robots will ship with iRobot's new game-style hand controllers for faster training and easier operation in the field.
Under the terms of the existing Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract, PEO STRI could order up to the full $64.3 million value in robots, spare parts, training and repair services.
To date, iRobot has delivered more than 1,000 PackBot robots to a broad range of military and civilian customers worldwide.
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 Systems, 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 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: | |
Nancy Dussault Smith Media Relations iRobot Corp. (781) 418-3323 ndussault@irobot.com |
Elise Caffrey Investor Relations iRobot Corp. (781) 418-3003 ecaffrey@irobot.com |