BEDFORD, Mass., April 6, 2010 – iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced that it has entered into a manufacturing services agreement with Jabil Circuit, Inc. (NYSE: JBL).
Under the terms of the agreement, Jabil will provide various services to iRobot, consisting of manufacturing, testing and supplying iRobot’s consumer products, including the iRobot Roomba® floor vacuuming robot.
“We are pleased to have reached this agreement with Jabil and look forward to working with them in the years ahead,” said Jeffrey Beck, president of iRobot’s Home Robots Division. “This relationship will provide iRobot numerous benefits, including diversifying key elements of our supply chain, providing geographic flexibility to address new markets with localized operations and expansion of overall capacity to meet growing demands.”
“Jabil’s electronics expertise and world class services are a great match for iRobot’s innovative products,” said Colin Angle, chairman and chief executive officer of iRobot. “This agreement augments the existing relationship we established with Jabil in 2006 to provide components for our government robots. We are excited to be working with them to bring our home robots to market as well.”
“Our global manufacturing capabilities will afford reliable and cost-effective solutions for iRobot’s consumer products,” said Alessandro Parimbelli, Jabil’s vice president, global business units. “We look forward to expanding this relationship with iRobot.”
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.