Of the total, 1,000,000 shares were offered by the Company and 500,000 shares were offered by Thermo Electron Corporation. JP Morgan Securities lead-managed the underwriting group and Banc of America Securities LLC and Needham & Company, Inc. served as co-managers. Thermo Electron has granted the underwriters an option to purchase 225,000 shares of common stock held by it solely for the purpose of covering over-allotments, if any. Net proceeds to the Company will be used for the repayment of indebtedness.
About FLIR Systems
FLIR Systems designs, manufactures and markets infrared imaging systems worldwide for a variety of applications. FLIR's imaging products are used in such diverse applications as public safety, defense, navigation, electronic news gathering and search and rescue. Thermography products support such applications as condition monitoring, non-destructive testing, medical science, research and development, and manufacturing process control.
Copies of the Prospectus relating to the offering may be obtained from:
J.P. Morgan Securities Inc. 277 Park Avenue New York, NY 10172 CONTACT: FLIR Systems Inc., Portland Jim Fitzhenry, 503/684-3731 www.flir.com or Neil Berkman Associates, Los Angeles Neil Berkman, 310/277-5162 info@BerkmanAssociates.com URL: http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2001 Business Wire. All rights reserved.