Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces Introduction of Its New FLIR i5 Low Price Thermal Imaging Camera
Groundbreaking System Targeted at Emerging Thermography Markets
| Source: FLIR Systems, Inc.
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.