Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $6.7 Million Order From the Colombian Ministry of Defense
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - June 26, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today it has received a $6.7 million order from the Colombian Ministry of
Defense for its Star SAFIRE® HD™ stabilized, multi-sensor surveillance
systems. The units delivered under this order will be installed on
fixed-wing surveillance platforms for use in counter-narcotic and
counter-terror missions within the Republic of Colombia.
Since 2001, FLIR has delivered more than 70 airborne sensor systems to the
Colombian Ministry of Defense while developing and maintaining an active
and fully equipped service and completion center in Bogotá. The recently
expanded capabilities of this center provide support for all regional users
of FLIR's thermal imaging equipment.
Work will be performed at FLIR's facility in Portland, Oregon. Deliveries
are expected to be completed within the next twelve months.
"This contract, demonstrating the strong international appeal of our
systems, 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 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 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, 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.