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iRobot awarded $230 million contract from the U.S. Navy

  //house-home.news-articles.net/content/2011/04/2 .. rded-230-million-contract-from-the-u-s-navy.html
  Published in House and Home on Monday, April 25th 2011 at 13:05 GMT by Market Wire
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BEDFORD, Mass.--([ BUSINESS WIRE ])--iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, announced that it received a $230 million indefinite-delivery/indefinite-quantity contract from the Naval Sea Systems Command (NAVSEA) on April 12, 2011.

"iRobot knows that these robots are saving lives every day, so we are pleased that the Navy will continue providing them to our troops in the years to come."

Under the contracta™s terms, NAVSEA can procure PackBot Man Transportable Robotic System (MTRS) robots, depot level repair parts, spare kits, depot repair services, parts supply, training, engineering enhancements, configuration management and approved accessories. The PackBot MTRS is modeled after the iRobot 510 PackBot.

aThe iRobot PackBot has proven to be a game-changing technology on the battlefield,a said Robert Moses, president of iRobota™s Government and Industrial Robots division. aiRobot knows that these robots are saving lives every day, so we are pleased that the Navy will continue providing them to our troops in the years to come.a

One of the most battle-tested robots in the world, the iRobot 510 PackBot performs bomb disposal and other dangerous missions for warfighters and first responders. These robots are currently being used in Iraq and Afghanistan to identify and neutralize explosive devices, perform reconnaissance and clear routes for warfighters on the move.

About iRobot Corp.

iRobot designs and builds robots that make a difference. The companya™s home robots help people with smarter ways to clean, and its government and industrial robots protect those in harma™s way. iRobota™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 Corporationa™s delivery of goods and services and 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 Corporation 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 Corporation, 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.