Company Signs Lease for Future Location in Bedford, Mass.
BURLINGTON, Mass., Aug. 7, 2007 – iRobot Corp. (Nasdaq: IRBT) today announced it has entered into a lease agreement for its future corporate headquarters in Bedford, Mass. Under the terms, iRobot will lease approximately 157,000 square feet of space located at 8 Crosby Drive in the Bedford Business Park. The new location will provide office and laboratory space as well as land for outdoor robot testing.
The company expects to move to the Bedford property in mid-2008. The Bedford lease has a term of approximately 12 years. iRobot currently employs more than 400 employees around the world, the majority of whom work out of the current Burlington location.
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 management's plans, objectives and strategies. 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. 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 (781) 418-3003 ecaffrey@irobot.com |
Nancy Dussault Media Relations (781) 418-3323 ndussault@irobot.com |