Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $28.6 Million Order From the United Arab Emirates
| Source: FLIR Systems, Inc.
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.