Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces $6.3 Million Order From the United Arab Emirates
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - July 2, 2008) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today that it has received a $6.3 million order from the General
Headquarters of the United Arab Emirates Ministry of Defense for the
company's Star SAFIRE® III stabilized, multi-sensor systems. The units
delivered under this order will be installed on fixed-wing surveillance
platforms for use in counter-smuggling and counter-terror missions within
the United Arab Emirates. The order is a follow-on option to a previously
signed contract between FLIR and the General Headquarters. This $6.3
million option brings the total value of the contract award to over $34
million within the past year.
Work on this order will be performed at FLIR's facilities in Portland,
Oregon and deliveries are expected to be completed within the next twelve
months.
"This order, representing a continuation of the long-standing relationship
between FLIR and the USA's strong ally, the United Arab Emirates,
demonstrates the outstanding performance of our products in harsh operating
conditions," said Earl R. Lewis, President and CEO of FLIR Systems, Inc.
"We are pleased the United Arab Emirates has once again chosen FLIR
products for these critical missions."
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, 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.