SOURCE: FLIR Systems, Inc.

May 08, 2008 16:05 ET

FLIR Systems Announces Introduction of Its New FLIR i5 Low Price Thermal Imaging Camera

Groundbreaking System Targeted at Emerging Thermography Markets

PORTLAND, OR--(Marketwire - May 8, 2008) - FLIR Systems, Inc. (NASDAQ: FLIR) today announced the introduction of its new FLIR i5 low cost thermal imaging camera. The FLIR i5 is the lowest priced, full-function thermography camera ever offered by FLIR, and is targeted at the emerging market for low cost, high performance thermal imaging cameras for commercial applications. The FLIR i5 is being offered at a price 30% to 40% below FLIR's current lowest cost camera, and is expected to stimulate significant market demand. The product will be sold through a strong, well-developed distribution network worldwide, with applications in electrical, mechanical, and building trades. An Extech i5 branded product will also be available for the North American market.

Weighing just 12 ounces, the FLIR i5 is the lightest and most compact handheld infrared camera available in its class, while offering exceptional ease of use and commercial grade functionality. The FLIR i5 includes a bright 2.8" LCD display, and can measure temperatures up to 480°F, while detecting temperature differences as small as 0.10°F. The FLIR i5 comes with FLIR's proprietary QuickReport image analysis and report writing software, a 512MB mini SD Card, a rechargeable battery and charger, USB cable, hand strap, and manuals and user CDs available in 21 languages. The FLIR i5 was designed by FLIR's Thermography division in Stockholm, Sweden, utilizes FLIR's own high performance infrared sensors and will be produced at the Company's new manufacturing facility in Tallinn, Estonia.

"The FLIR i5 represents yet another groundbreaking price point for thermography imaging systems, and demonstrates the enormous value created by combining our low cost, high performance infrared detectors with new, low cost manufacturing and world class engineering capabilities," commented Earl Lewis, President and Chief Executive Officer of FLIR Systems, Inc. "The FLIR i5 is the latest product in our ongoing strategy to open large new commercial markets for infrared technology. This is truly a revolutionary product at a revolutionary price," he added.

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 for and deliveries of the new product 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 to meet demand, actual purchases of the new product discussed above, 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