FLIR Systems Awarded $4M Contract From Japanese National Police AgencyPORTLAND, OR -- (MARKET WIRE) -- 05/12/2005 -- FLIR Systems, Inc. (NASDAQ: FLIR) announced today that it has received a contract from the Japanese National Police Agency (JNPA) to provide its latest generation Star SAFIRE® III airborne camera system to support local operations and counter-terrorism missions. The systems will be used throughout the 47 prefectures of Japan on rotary wing aircraft. The selection was made by open competition. Deliveries will begin immediately and be completed by the end of June, 2005.
FLIR Systems has fielded over 900 SAFIRE® family systems to customers that demand the highest performing EO/IR capabilities for executing a variety of critical and life saving missions. With over 110 of FLIR Systems' airborne thermal imaging systems deployed successfully in Japan, this contract further solidifies FLIR's already high market share in the region.
The Global Military Electro Optical Infrared (EO/IR) Market 2014-2024
"The Japanese National Police Agency is recognized worldwide for their airborne law enforcement capabilities and skills, and for demanding the highest levels of technology and quality," said Earl Lewis, President and CEO of FLIR Systems. "We are pleased to have been selected for this important mission in Japan."
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 imaging and thermography applications including intelligence, surveillance, reconnaissance, navigation, border patrol, industrial security, condition monitoring, research and development, manufacturing process control, and building diagnostics. FLIR Systems is headquartered in Portland, Oregon, with service and manufacturing facilities worldwide. Visit the company's web site at www.FLIR.com.
This release contains forward-looking statements, including the Company's expectations for, and timing of, deliveries of its Star SAFIRE® III systems under the Japanese National Police Agency 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 JNPA contract described above, the continuing ability to penetrate new market applications with the 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 including the development and delivery contract with the U.S. Army 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.
Source : FLIR Systems, Inc.