Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $13 Million Order From the Colombian Ministry of Defense
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - January 15, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received a $13 million order from the Colombian Ministry
of Defense for its Star SAFIRE® HD stabilized, multi-sensor systems. The
units delivered under this order will be used by the Colombian Air Force
onboard helicopters in performance of national security and
counter-narcotic missions.
This competitively awarded program validates the expanding requirements for
FLIR's technology in the international defense marketplace. FLIR was
chosen for the Star SAFIRE® HD's system performance as well as the
Company's regional support capabilities. The Star SAFIRE® is a 3rd
generation system, providing a fully digital high-definition image from all
of its imaging sensors in an environmentally rugged design. Customer
support, training, and integration services will be performed from FLIR's
licensed maintenance facility located in Bogota, Colombia.
Work will be performed at FLIR's facility in Portland, Oregon. Deliveries
are expected to take place during the second half of 2008.
"This contract, representing an expansion of our international market
opportunity for national security applications, 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 from the Colombian Ministry of Defense
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 orders and deliveries under the agreement 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.