iRobot Receives U.S. Army Orders Totaling $6 Million
The robot is ideal for a variety of missions, including reconnaissance, route clearance, hazardous materials detection and bomb disposal
BEDFORD, Mass.--iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, has received two orders from the U.S. Army's Robotic Systems Joint Program Office (RSJPO) totaling $6 million. The orders call for the delivery of spares for iRobot 510 PackBot robots, including operator control units, manipulator arms and radios. All deliveries will be completed by November 30, 2012.
Modular, adaptable and expandable, 510 PackBot is a tactical mobile robot that keeps warfighters and first responders out of harm's way. The robot is ideal for a variety of missions, including reconnaissance, route clearance, hazardous materials detection and bomb disposal.
"Over the course of the past decade, PackBot has proven its worth as a life-saving tool in areas of conflict and for emergency response," said Tim Trainer, interim general manager of iRobot's Defense & Security business unit. "These robots represent a safer, more effective and more efficient way to conduct dangerous operations both on and off the battlefield. We believe that this technology is an important piece of the military's future and are pleased that the Army continues to invest in its current fleet of robots."
iRobot has delivered more than 4,500 unmanned ground vehicles to military and civil defense forces worldwide.
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 defense & security 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 delivery of future orders. 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.
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