BEDFORD, Mass., Feb. 16, 2011 -- iRobot Corp. (IRBT), a leader in delivering robotic technology-based solutions, was selected as one of eight companies to receive the first annual Small Business Innovation Research (SBIR) Hall of Fame Award.
The U.S. Small Business Administration Office of Technology administers the Small Business Innovation Research (SBIR) program. Through this competitive program, SBA ensures that the nation's small, high-tech, innovative businesses are a significant part of the federal government's research and development efforts.
“We’re thrilled to receive the SBIR Hall of Fame Award,” said Colin Angle, chairman and chief executive officer of iRobot. “I can say with absolute certainty that without the help of the SBIR program, iRobot could not have become the industry leader we are today.”
The SBIR Hall of Fame Award honors companies that have contributed significantly to the program’s goals over a period of time through their work. Companies selected were evaluated based on technical innovation, business impact, longevity, and social and economic influence.
The SBIR program has supported a variety of iRobot research initiatives, contributing more than $16 million in funding for the development of new sensors and enhancements to robotic capabilities.
On Tuesday, February 15, iRobot was honored at the SBIR Awards ceremony in Washington, D.C., followed by a reception at the White House.
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.