PORTLAND, OR, Feb 23, 2006 (MARKET WIRE via COMTEX News Network) -- FLIR Systems, Inc (NASDAQ: FLIR), today announced the introduction of its new InfraCAM® low cost thermal imaging camera. InfraCAM is the lowest price full function thermography camera ever offered by FLIR, and is targeted at the emerging market for low cost, high performance thermal imaging cameras for commercial applications such as building inspection and electrical contracting. InfraCAM is being offered at a suggested retail price of $6,750 in the United States, and below EUR 6,000 internationally. InfraCAM is targeted at emerging markets for thermography such as building inspectors and electrical contractors and is expected to stimulate significant market demand. All InfraCAM units worldwide will use uncooled infrared detectors designed and produced at FLIR's Santa Barbara facility. The launch is being accompanied by the delivery of several hundred systems to distributors worldwide, and a worldwide marketing and communication campaign.
FLIR also announced the introduction of its new ThermoVision E-Series® product line, incorporating higher resolution sensor arrays that substantially improve imaging performance. The new cameras have four times the resolution of most previous E-Series cameras. The new E-Series products represent an attractive alternative for customers with higher performance requirements.
"Our introduction of the InfraCAM represents a groundbreaking price point for infrared thermography systems, and demonstrates the enormous value we are seeing from the Indigo acquisition and the ability to design and produce our own low cost high performance infrared detectors," commented Earl Lewis, President and Chief Executive Officer of FLIR Systems, Inc. "The InfraCAM is the latest product in our strategy of opening large new markets to the benefits of infrared technology. This is truly a revolutionary product at a revolutionary price," he concluded.
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.
The statements in this press release related to the Company's expectations for the opening of new large markets, the stimulation of significant market demand, the attractiveness of the higher resolution ThermoVision E-Series camera and the success of the InfraCAM are forward-looking statements within the meaning of the Private Securities Litigation Reform act of 1995. 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 continuing ability to penetrate new market applications for thermal imaging products, changes in the competitive environment, the Company's ability to manufacture sufficient volumes of InfraCAM and actual demand for InfraCAM, changes in demand for the Company's products generally, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, the Company's continuing compliance with US export control laws and regulations, the timely receipt of export licenses for international shipments, constraints on supplies of critical components, actual purchases under agreements, the continuing eligibility of the Company to act as a federal contractor, the amount and availability of appropriated government procurement funds as well as other risk factors 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, 2005, 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 such statements after the date of this release.
FLIR Systems, Inc.
FLIR Systems, Inc.