BEDFORD, Mass. - October 15, 2012 (Investorideas.com Newswire) iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, has received a $10 million indefinite delivery/indefinite quantity (IDIQ) contract from the U.S. Army's Robotic Systems Joint Program Office (RSJPO) for maintenance training and spares for the iRobot 310 SUGV. An initial $2 million order under the contract for spares has also been placed. Deliveries will be completed by Q1 2013.
The iRobot 310 SUGV is a man-portable robot for dismounted mobile operations. SUGV enters areas that are inaccessible or too dangerous for people, providing state-of-the-art technology for infantry troops, combat engineers, mobile EOD technicians and other personnel.
In addition, iRobot has received a $3.7 million order from the RSJPO for heads-down controllers. The handheld controller includes a 5.6" LCD display screen that is sunlight readable. This order is separate from the IDIQ contract, and deliveries will be completed by Q4 2012.
"iRobot is pleased to continue its partnership with the Army to provide world class robotic capabilities that help keep our warfighters out of harm's way," said Frank Wilson, senior vice president and general manager of iRobot's Defense & Security business unit. "We are delivering the heads-down controller in response to specific requests from the field. This easy to use controller provides the operator with a high degree of situational awareness while conducting dangerous missions."
iRobot has delivered more than 5,000 robots to military and civil defense forces. The robots perform multiple missions on the land and in the water, protecting troops, saving lives and making a difference around the world.
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 AwareŽ 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 deliveries of robots to customers. 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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