iRobot receives $7.6 million order from the U.S. Navy
October 20, 2014 (Source: PR Newswire) — iRobot Corp. (NASDAQ: IRBT), the leader in delivering robotic technology-based solutions, has received a $7.6 million order from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division. The order calls for upgrades and spares for 46 Man Transportable Robotic System (MTRS) robots. MTRS is modeled after the company’s multi-mission iRobot 510 PackBot. All deliveries under the order will be completed by Q2 2015.
The Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division also awarded iRobot a three-year indefinite delivery/indefinite quantity (IDIQ) contract with a total ceiling of $13 million. This contract also calls for robot upgrades and spares for MTRS robots, and an initial $277,000 order has been placed.
“iRobot is pleased to be working with the military to ensure that its MTRS fleet is equipped with the latest in robotic technologies,” saidFrank Wilson, senior vice president and general manager of iRobot’s Defense & Security business unit. “These life-saving robots will remain an important part of our defense forces’ toolkit in the years ahead.”
iRobot has delivered more than 5,000 robots to military and civil defense forces worldwide. They are used to perform a variety of missions, including explosive ordnance disposal, surveillance and reconnaissance, CBRN detection and HazMat handling operations.
About iRobot Corp.
iRobot designs and builds robots that make a difference. The company’s home robots help people find smarter ways to clean, its defense & security robots protect those in harm’s way, and its remote presence robots enable virtual presence from anywhere in the world. iRobot’s robots feature proprietary technologies 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 Corporation’s expectations concerning future product delivery. 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 Corporation 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 Corporation, 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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