SOURCE: FLIR Systems, Inc.

September 17, 2007 17:23 ET

FLIR Systems Announces $28.6 Million Order From the United Arab Emirates

PORTLAND, OR--(Marketwire - September 17, 2007) - FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a $28.6 million order from the United Arab Emirates (UAE) for its Star SAFIRE® III stabilized, multi-sensor systems. The units delivered under this order will be used for homeland security and high-value asset protection missions.

Representing FLIR's largest international contract award, this order validates the developing requirements for border surveillance and high-value asset protection in the international defense marketplace. Leveraging its local support capabilities, FLIR's Star SAFIRE® III was chosen for its technical and environmental superiority in the harsh climate of the UAE.

Work will be performed at FLIR's facilities in Portland, Oregon. Deliveries will begin in 2008 and extend into 2009.

"This contract, representing an international expansion of our market opportunity for homeland security applications, strengthens our presence in the region. We are pleased the United Arab Emirates has chosen FLIR products for this critical mission," said Earl R. Lewis, President and CEO of FLIR Systems, Inc.

Forward-Looking Statements

The statements in this release, including the statements of Earl R. Lewis, 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, the Company's continuing compliance with US export control laws and regulations, the timely receipt of export licenses for international shipments, 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 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