Growth Opportunity Overseas for Company’s Government and Industrial Robots
BEDFORD, Mass., Feb. 7, 2011 – iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced it has received international orders totaling $4.4 million in the first quarter of 2011 for the delivery of 27 iRobot 510 PackBot tactical mobile robots and spare parts.
The iRobot 510 PackBot performs bomb disposal, reconnaissance and other dangerous missions for warfighters and first responders.
“Our allies recognize the life-saving benefits provided by our robots,” said Robert Moses, president of iRobot’s Government and Industrial Robots division. “The emerging international market provides an important growth opportunity for iRobot, and one in which we invested heavily in 2010. We think that over time, sales of the iRobot PackBot and Small Unmanned Ground Vehicle (SUGV) into this market could total 15 to 20 percent of our government and industrial product revenue.”
In 2010, iRobot’s Government and Industrial Robots division received international orders totaling $13.2 million. The company has delivered its government and industrial line of robots to more than 25 countries, seven of which were new customers last year.
About iRobot Corp.
iRobot designs and builds robots that make a difference. The company’s home robots help people find 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 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.