Company to Deliver 486 PackBot 510 with FasTac Kit Robots
BEDFORD, Mass., Sept. 1, 2009 – iRobot Corp. (NASDAQ: IRBT) today announced that it received an order for $35.3 million from the U.S. Army TACOM Contracting Center in Warren, Mich.
This order falls under the $286 million Indefinite Delivery/Indefinite Quantity (IDIQ) xBot contract and calls for the delivery of 486 iRobot PackBot 510 with FasTac Kit robots prior to March 31, 2010. The total contract value to date under this IDIQ is approximately $125 million.
“This order is truly a significant milestone for iRobot,” said Joe Dyer, president of iRobot Government and Industrial Robots. “Not only is it the single largest order we have ever received from the military, but it also proves that there is strong and continuing support for our PackBot FasTac platform that was introduced just last year. One of the robot’s strengths is its adaptability. It is well-suited for use by combat engineers, route clearance companies and infantry brigades. This is important as our troops continue to fight wars on multiple fronts, each possessing its own unique mission types and challenges.”
The PackBot 510 with FasTac Kit provides warfighters with the ability to see and assess dangerous areas from safe standoff distances and to clear routes while on the move. The robot is controlled through a ruggedized laptop with game-style controller, operates at speeds of up to 5.8 miles per hour and provides up to four hours of mission run time. In addition, the PackBot 510 with FasTac Kit’s compact arm and precise gripper allow warfighters to safely pick up and identify suspicious objects.
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.