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iRobot Receives a $3.75 Million Contract from TARDEC for iRobot Warrior 700
Year-to-Date Awards Total $49.8 Million, Up 163% From Same Period Last Year
BEDFORD, Mass. - iRobot Corp. - Oct 2, 2008 - (Nasdaq: IRBT) today announced that the company has received a $3.75 million research and development contract from the U.S. Army Tank-Automotive Research, Development and Engineering Center (TARDEC), the nation's laboratory for advanced military automotive technology. Work under this contract will result in the delivery of two iRobot Warrior 700 platforms.
A powerful and rugged robot, the iRobot
Warrior can perform a variety of critical missions such as
evaluating danger zones and inaccessible areas, providing real-time
video, audio and sensor readings to warfighters and SWAT teams. The
robot will feature an advanced digital architecture and a
multi-mission chassis that supports up to 150-pound (68 kg)
payloads.
“We are confident that the iRobot
Warrior will secure a strong foothold within infantry, first
responders and combat engineers,” said Joe Dyer, president of iRobot
Government and Industrial Robots. “The Warrior is another example of
iRobot’s product line expansion, which continues to evolve as the
need for unmanned ground vehicles grows worldwide.”
iRobot Warrior’s unique payload
positioning system allows radical changes in the robot’s center of
gravity for unprecedented mobility in rough terrain, while still
suitable for use in an urban environment. The first production units
of iRobot Warrior will be available for purchase in the third
quarter of 2009.
iRobot has delivered more than 1,900
PackBot robots that make a difference everyday by conducting
dangerous missions that keep first responders and warfighters out of
harm's way.
About iRobot Corp.
iRobot is a provider of robots that
perform dull, dirty or dangerous missions in a better way. The
company's proprietary technology, iRobot AWARE™ Robot Intelligence
Systems, incorporates advanced concepts in navigation, mobility,
manipulation and artificial intelligence. This proprietary system
enables iRobot to build behavior-based robots, including its family
of consumer and military robots. For additional information about
iRobot, please visit
www.irobot.com.
For more information contact:
iRobot Corp.
Elise Caffrey
Investor Relations
(781) 430-3003
ecaffrey@irobot.com
or
iRobot Corp.
Nancy Smith
Media Relations
(781) 430-3323
nsmith@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 product development and marketing plans, and market acceptance of its products. 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. In particular, the risks and uncertainties include, among other things: our dependence on the U.S. federal government and government contracts; our ability to expand our product offerings; changes in government policies or spending priorities. 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.
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