PORTLAND, OR, Dec 16, 2009 (MARKETWIRE via COMTEX News Network) -- 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."
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.
Company contact: Tony Trunzo FLIR Systems, Inc. (503) 498-3547 www.flir.com
SOURCE: FLIR Systems, Inc.
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