BEDFORD, Mass., August 10, 2009 – iRobot Corp. (NASDAQ: IRBT) today announced it has been awarded a $13.5 million Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract from the Naval Sea Systems Command (NAVSEA) in Indian Head, Md.
Under the terms of the contract, any service could order up to the full $13.5 million value in PackBot MTRS (Man Transportable Robotic System) robots, spare parts, accessories, engineering enhancements, configuration management, training and repair services. All work under the contract is set to be completed by July 2010.
The PackBot MTRS robot gives Explosive Ordnance Disposal (EOD) technicians the ability to detect, identify and disable explosive devices from safe distances. It is customized for NAVSEA and is modeled after the battle-tested iRobot PackBot 500 with EOD Kit.
“I am pleased that NAVSEA is continuing to invest heavily in robotic technology,” said Joe Dyer, president of iRobot Government and Industrial Robots. “Improvised explosive devices remain one of the biggest threats to our troops overseas. NAVSEA, and the military as a whole, is keenly aware of the role robots are playing to minimize the damage caused by these devices. Robots like the PackBot MTRS are keeping our sons and daughters safer as they fight to protect those of us back home. Simply put, these robots are saving lives.”
iRobot has delivered more than 2,500 PackBot robots that make a difference every day by conducting dangerous missions that keep warfighters out of harm’s way.
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.