First order under $230 million IDIQ contract
BEDFORD, Mass., June 2, 2011 – iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, has received a $14.1 million order from the Naval Sea Systems Command (NAVSEA).
This first order under a recently announced $230 million indefinite delivery/indefinite quantity (IDIQ) contract calls for delivery of 86 Man Transportable Robotic System (MTRS) MK 1 Mod 1 robots, spare parts and accessories. MTRS MK 1 Mod 1 is modeled after the iRobot 510 PackBot. The company expects to complete delivery of these robots by the end of the second quarter.
“iRobot has seen consistent growth in the use of unmanned ground vehicles since PackBot was first deployed on the battlefield almost 10 years ago,” said Robert Moses, president of iRobot’s Government and Industrial Robots division. “PackBot continues to keep our troops safer on the battlefield, and we are pleased that the Navy will be providing more of these robots to our troops.”
iRobot’s combat-proven unmanned ground vehicles protect those in harm’s way. More than 4,000 have been delivered to military and civil defense forces worldwide, successfully performing search, reconnaissance, bomb disposal and other dangerous missions.
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.