Dallas (March 12, 2012) – Texas Instruments Incorporated (TI) (NASDAQ: TXN) and iRobot Corp. (NASDAQ: IRBT), a leader in robotic technology-based solutions, today announced a partnership to develop robotic technologies using TI’s smart multicore OMAP™ platform. The relationship stems from the companies’ shared vision to create intelligent and practical robots capable of enhancing people’s lives. The two companies will achieve this vision by leveraging iRobot’s long history in advancing the field of robotics and TI’s strength in applications processors and related technologies.
With two decades of leadership in the robot industry, iRobot is a proven technology leader in remote presence and automated home maintenance solutions. To date, iRobot has sold more than 7.5 million home robots worldwide, revolutionizing the way people clean both inside and outside the home. More than 4,500 combat-proven government and industrial robots have been delivered to military and civil defense forces worldwide, performing thousands of dangerous search, reconnaissance and bomb-disposal missions while protecting those in harm’s way.
TI brings to the partnership the industry’s leading applications processor technology captured in the OMAP™ platform—a high performing, ultra-power-efficient system-on-chip that’s smaller than a dime. The OMAP platform’s smart multicore architecture sends processing tasks to cores and engines that can best do the job using the least amount of power possible. TI complements this fundamental computing experience with several unique features, such as sophisticated image and video accelerators.
About Texas Instruments
Texas Instruments semiconductor innovations help 90,000 customers unlock the possibilities of the world as it could be – smarter, safer, greener, healthier and more fun. Our commitment to building a better future is ingrained in everything we do – from the responsible manufacturing of our semiconductors, to caring for our employees, to giving back inside our communities. This is just the beginning of our story. Learn more at www.ti.com.
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.
Trademarks
OMAP is a trademark of Texas Instruments. All other trademarks belong to their respective owners.
SOURCE Texas Instruments Incorporated; iRobot Corp
Contact:
Heather Ailara of Texas Instruments; or Nancy Dussault-Smith of iRobot
