PORTLAND, OR--(Marketwired - Jul 15, 2013) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a $16 million order for its Recon B2-FO integrated dual-channel thermal binoculars from an Asian government customer strategically allied with the United States. This longstanding FLIR customer is one of the largest users of the company's successful Recon product line.
Work under this order will be performed out of FLIR's facility in Billerica, MA, with shipments expected to be completed in the next 12 months.
"We are very pleased to have been selected to provide these high performance long-range handheld imaging systems for this counter-terrorism mission," said Andy Teich, President and CEO of FLIR. "Once again, our CDMQ™ model of developing, manufacturing, and distributing military-qualified imaging systems on a commercial basis has yielded a product that optimizes size, weight, power, and global supportability. This significant follow-on order from this customer demonstrates the effectiveness of our strategy and the long-term nature of our customer relationships."
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. The Company's advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. Visit FLIR's web site at www.FLIR.com.
The statements in this release by Andy Teich and the other statements in this release about the order 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 FLIR'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 FLIR's products, product mix, the timing of deliveries under the order discussed above, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, FLIR's continuing compliance with U.S. export control laws and regulations, and other risks discussed from time to time in FLIR'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 FLIR 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.