iRobot receives $21 million order from the U.S. Navy
BEDFORD, Mass., – iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, has received a $21 million order from the Naval Sea Systems Command (NAVSEA). This is the fourth order under a $230 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract, bringing total orders under this contract to $36 million. The latest order calls for delivery of more than 100 Man Transportable Robotic System (MTRS) MK 1 MOD 1 robots and spares kits.
MTRS MK 1 MOD 1 is modeled after the iRobot 510 PackBot®. These combat-proven robots perform bomb disposal and other dangerous missions while keeping warfighters out of harm’s way.
“Improvised explosive devices (IEDs) remain one of the biggest threats to our forces overseas,” said Robert Moses, president of iRobot’s Government and Industrial Robots division. “iRobot’s unmanned ground vehicles save lives every day by providing our troops with the ability to identify and dispose of IEDs from a safe standoff distance. We are pleased that the Navy is continuing its investment in this technology.”
iRobot has delivered more than 4,000 unmanned ground vehicles to military and civil defense forces worldwide.
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 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 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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