SOURCE: FLIR Systems, Inc.

May 31, 2005 06:00 ET

FLIR Systems Receives Order for Petrochemical Perimeter Security

New Low-Cost ThermoVision Security Line of Thermal Cameras Selected

PORTLAND, OR -- (MARKET WIRE) -- May 31, 2005 -- FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a contract from a leading petrochemical company to provide thirty-two (32) ThermoVision® Integration Series thermal imaging cameras for use in perimeter security at key locations. The cameras will be used by the customer as part of a program to further increase security at a selected number of sites worldwide.

The company, who requested not to be identified, evaluated the efficacy of thermal imaging in security systems by conducting a pilot program several months ago using FLIR cameras. The new ThermoVision Integration Series systems will be used in conjunction with an intelligent video monitoring solution to detect security breaches automatically. Deliveries are expected to take place in the third quarter of 2005.

The ThermoVision Integration Series, introduced in early 2005, is FLIR's low-cost entry into the fixed security camera market. The ThermoVision Integration Series cameras take advantage of FLIR's latest low-cost uncooled technology -- the Indigo Photon™ detector -- and offer short to medium range performance in an environmentally robust package. Integration Series cameras are specifically designed to easily integrate into existing or new security networks.

As with FLIR's other security products, the ThermoVision Integration Series cameras have the unique capability of providing true 24/7 coverage by offering high quality imagery in total darkness and through most fog, smoke, rain, and other environmental conditions.

"We are pleased to have been awarded this program from this premier petrochemical company," said Earl Lewis, President and CEO of FLIR Systems. "We look forward to supporting the critical infrastructure protection programs for this and other key industries with our new line of ThermoVision security and surveillance products."

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 airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, land-based security, environmental monitoring, condition monitoring, research and development, and manufacturing process control. FLIR Systems is headquartered in Portland, Oregon, with service and manufacturing facilities worldwide. Visit the company's web site at www.FLIR.com.

Forward-Looking Statements

This release contains forward-looking statements, including the Company's expectations for, and timing of, deliveries of its ThermoVision® Integrator Series systems under the contract described above. These 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 availability of funding under the contract described above, the continuing ability to penetrate new market applications with Imaging Division products, the Company's continued compliance with US export control laws, additional competition, the Company's ability to win larger delivery contracts, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, actual purchases under purchase agreements and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-K for the year ended December 31, 2004. 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.

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