Contact Information: Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
FLIR Systems Announces Sale of Extech Data Systems
| Source: FLIR Systems, Inc.
PORTLAND, OR--(Marketwire - December 16, 2009) - FLIR Systems, Inc. (NASDAQ : FLIR ) announced
today the sale of the Extech Data Systems business to Datamax-O'Neil, part
of Dover Corporation's (NYSE : DOV ) Product Identification Group. Extech
Data Systems, acquired by FLIR in 2007 as part of the Extech Instruments
acquisition, develops portable printers for enterprise-wide applications.
The transaction will be immaterial to FLIR's financial results.
"The acquisition of Extech Instruments expanded FLIR's access to key
distribution channels for our emerging low-price Thermography products.
The Extech Data Systems business was a separate unit of Extech that was not
aligned with FLIR's strategic direction," said Earl R. Lewis, President and
CEO of FLIR Systems, Inc. "We are pleased Extech Data Systems will now be
part of Datamax-O'Neil, a leader in the global Auto-ID market, of which
portable printers are a key product line."
Forward-Looking Statements
The statements in this release by Earl R. Lewis, and the other statements
in this release about the transaction 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. Such statements could be affected by, among other things,
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.