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iRobot Receives $60 Million Army Contract

  //house-home.news-articles.net/content/2011/09/28/irobot-receives-60-million-army-contract.html
  Published in House and Home on Wednesday, September 28th 2011 at 10:13 GMT by Market Wire
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BEDFORD, Mass.--([ BUSINESS WIRE ])--iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, has received a five-year $60 million indefinite delivery/indefinite quantity contract from the U.S. Armya™s Robotic Systems Joint Program Office (RSJPO). The U.S. Army Contracting Command in Warren, Michigan is the contracting entity.

"iRobota™s sales to international customers, directly and through FMS contracts, continue to grow. We see great potential for continued growth, as existing customers use robots in a wider variety of missions and potential customers become aware of their life-saving benefits"

Under the contracta™s terms, the Army can procure iRobot PackBot® robots, spare parts, repairs, upgrades and support services for U.S. military requirements, including Foreign Military Sales (FMS). iRobot has delivered its combat-proven government and industrial robots to customers in approximately 30 countries.

aiRobota™s sales to international customers, directly and through FMS contracts, continue to grow. We see great potential for continued growth, as existing customers use robots in a wider variety of missions and potential customers become aware of their life-saving benefits,a said Robert Moses, president of iRobota™s Government and Industrial Robots division. aiRobot is pleased to have this contract vehicle in place, which will allow the Army to purchase additional robots and deliver them to our soldiers, allies and coalition partners across the globe.a

iRobot has delivered more than 4,000 robots to warfighters and first responders worldwide to perform bomb disposal, reconnaissance and other dangerous missions.

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 Corp.a™s delivery of goods and services and expectations concerning managementa™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.