iRobot Corp. (NASDAQ: IRBT) today announced it has been awarded a $13.5
million Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract from the
Naval Sea Systems Command (NAVSEA) in Indian Head, Md.
Under the terms of the contract, any service could order up to the full
$13.5 million value in PackBot MTRS (Man Transportable Robotic System)
robots, spare parts, accessories, engineering enhancements,
configuration management, training and repair services. All work under
the contract is set to be completed by July 2010.
The PackBot MTRS robot gives Explosive Ordnance Disposal (EOD)
technicians the ability to detect, identify and disable explosive
devices from safe distances. It is customized for NAVSEA and is modeled
after the battle-tested iRobot PackBot 500 with EOD Kit.
“I am pleased that NAVSEA is continuing to invest heavily in robotic
technology,” said Joe Dyer, president of iRobot Government and
Industrial Robots. “Improvised explosive devices remain one of the
biggest threats to our troops overseas. NAVSEA, and the military as a
whole, is keenly aware of the role robots are playing to minimize the
damage caused by these devices. Robots like the PackBot MTRS are keeping
our sons and daughters safer as they fight to protect those of us back
home. Simply put, these robots are saving lives.”
iRobot has delivered more than 2,500 PackBot robots that make a
difference every day 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 its 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.
iRobot Corp.
Investor Relations:
Elise Caffrey, 781-430-3003
ecaffrey@irobot.com
or
Media
Relations:
Nancy Smith, 781-430-3323
nsmith@irobot.com
