SOURCE: FLIR Systems, Inc.

January 15, 2008 16:05 ET

FLIR Systems Announces $13 Million Order From the Colombian Ministry of Defense

PORTLAND, OR--(Marketwire - January 15, 2008) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a $13 million order from the Colombian Ministry of Defense for its Star SAFIRE® HD stabilized, multi-sensor systems. The units delivered under this order will be used by the Colombian Air Force onboard helicopters in performance of national security and counter-narcotic missions.

This competitively awarded program validates the expanding requirements for FLIR's technology in the international defense marketplace. FLIR was chosen for the Star SAFIRE® HD's system performance as well as the Company's regional support capabilities. The Star SAFIRE® is a 3rd generation system, providing a fully digital high-definition image from all of its imaging sensors in an environmentally rugged design. Customer support, training, and integration services will be performed from FLIR's licensed maintenance facility located in Bogota, Colombia.

Work will be performed at FLIR's facility in Portland, Oregon. Deliveries are expected to take place during the second half of 2008.

"This contract, representing an expansion of our international market opportunity for national security applications, leverages our investment in best-in-class technology and a global support infrastructure," said Earl R. Lewis, President and CEO of FLIR Systems, Inc. "We are pleased the Colombian Ministry of Defense has chosen FLIR products for this critical mission."

Forward-Looking Statements

The statements in this release by Earl R. Lewis and the other statements in this release about the order from the Colombian Ministry of Defense described above, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the ability to manufacture and deliver the systems referenced in this release, changes in demand for the Company's products, product mix, the timing of customer orders and deliveries under the agreement discussed above, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of the Company to manufacture and ship products in the time period required, actual purchases under agreements, the Company's continuing compliance with US export control laws and regulations, the timely receipt of export licenses for international shipments, the continuing eligibility of the Company to act as a federal contractor, the amount and availability of appropriated government procurement funds and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.

About FLIR Systems

FLIR Systems, Inc. is a world leader in the design, manufacture and marketing of thermal imaging and stabilized camera systems for a wide variety of thermography and imaging applications including condition monitoring, research and development, manufacturing process control, airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, environmental monitoring and ground-based security. Visit the Company's web site at www.FLIR.com.

Contact Information

  • Company contact:
    Tony Trunzo
    FLIR Systems, Inc.
    (503) 498-3547
    www.flir.com