ICX Technologies Awarded $1.4 Million Robotic Explosive Detection Contract
WASHINGTON (Oct. 21, 2008) — ICx Technologies (NASDAQ: ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that it was awarded a $1.4 million contract from the U.S. Army RDECOM and CERDEC Night Vision and Electronic Sensors Directorate (NVESD), Countermine Division, at
Ft. Belvoir, Va. Under the contract, ICx will provide the next-generation version of its Fido® OnBoard™ explosives detection sensor, along with a suite of new air-sampling capabilities.
The new Fido OnBoard is being developed for NVESD’s Autonomous Mine Detection System (AMDS) project. The objective of AMDS is to combine various technologies onto small robots in order to autonomously detect, mark, and neutralize explosive threats to dismounted forces.
“We are pleased that the U.S. Government continues to embrace Fido for explosive detection,” said Hans Kobler, CEO of ICx Technologies. “Its light weight, in addition to its unparalleled sensitivity, makes Fido OnBoard uniquely positioned for the emerging robotic market.”
Since its introduction in 2005, ICx has sold more than 1,800 Fido-brand sensors for use by U.S. and Coalition Forces, as well as other domestic and international customers, such as the Transportation Security Administration. Fido was honored as one of the U.S. Army’s Top 10 Inventions in 2005 for the handheld version of the sensor, and again in 2006 for the robot-based version.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. The Company’s advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. Visit the Company's web site at www.FLIR.com.
The statements in this release by Earl R. Lewis, and the other statements in this release about the award 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 deliveries under the award 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 U.S. 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, 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.
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Media Contacts
Angel Bennett
FLIR, Systems, Inc.
2800 Crystal Drive, Suite 330
Arlington, VA 22202
angel.bennett@flir.com