BEDFORD, Mass., March 31, 2011 – iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, announced that the U.S. Army plans to procure two additional low-rate initial production brigade sets of model 320 SUGVs.
The Defense Acquisition Board formalized its approval to purchase additional SUGVs under the Brigade Combat Team Modernization (BCTM) program in February. It allows for the delivery of 76 total SUGVs for two additional infantry brigade sets. iRobot has already delivered 45 SUGVs as part of the Army’s low-rate initial production contract for the first brigade set of BCTM Increment 1 capabilities.
iRobot also continues to develop the follow-on variant of the SUGV for the BCTM program. This SUGV variant will provide enhanced processing, sensor and communication capabilities and is expected to be available in the 2012 timeframe.
“We are pleased that the U.S. Army has announced its intent to procure two more brigade sets of SUGV,” said Robert Moses, president of iRobot’s Government and Industrial Robots division. “It’s a testament to the positive feedback we have received about SUGV since being fielded. These robots are meeting Army requirements and performing as expected on the battlefield.”
iRobot and Boeing teamed to develop the SUGV, a smaller and lighter version of the combat-proven PackBot. It gives warfighters real-time awareness of critical situations and allows them to complete dangerous missions from safe standoff distances.
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.
Contact:
Elise Caffrey
Investor Relations
iRobot Corp.
(781) 430-3003
ecaffrey@irobot.com
Charlie Vaida
Media Relations
iRobot Corp.
(781) 430-3182
cvaida@irobot.com
