PORTLAND, OR, Sep 13, 2005 (MARKET WIRE via COMTEX News Network) -- FLIR Systems, Inc. (NASDAQ: FLIR) and ObjectVideo®* announced today that they have entered into a strategic alliance to provide the next generation of intelligent thermal imaging surveillance to the security industry. Under the agreement, FLIR will embed ObjectVideo's intelligent video software into selected ThermoVision® security and surveillance products.
FLIR's ThermoVision imaging provides consistent high-contrast imagery independent of lighting conditions and obscurants such as smoke, fog, and haze, while ObjectVideo's software provides reliable means to identify threats. ObjectVideo's surveillance algorithms, based on artificial intelligence, are embedded into each cameras firmware. It enables each camera to detect threats and send alerts independent of human monitoring, a breakthrough in comprehensive security monitoring. This best of breed marriage will allow operators complete thermal surveillance capabilities at the camera level.
"We are pleased to be able to offer ObjectVideo's sophisticated threat detection software in our line of security and surveillance cameras," said Earl Lewis, CEO of FLIR Systems. "This represents another step in our goal of making thermal technology an affordable and effective choice for any security application."
This release contains forward-looking statements, including the Company's expectations that the use of the ObjectVideo® software will make thermal imaging technology an affordable and effective choice for security applications. 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 successful integration of the software into the Company's ThermoVision® cameras, the demand and orders for such cameras with the software capability described above, the continuing ability to penetrate new market applications, including automotive applications, the Company's continued compliance with US export control laws, the Company's continuing eligibility to act as a government contractor, 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 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.
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 airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, land-based security, environmental monitoring, condition monitoring, research and development, and manufacturing process control. FLIR Systems is headquartered in Wilsonville, Oregon, with service and manufacturing facilities worldwide. Visit the company's web site at www.flir.com.
About ObjectVideo, Inc.
ObjectVideo® provides intelligent video software for the protection of critical infrastructure and high-risk environments such as borders, airports, seaports, oil refineries, chemical and nuclear plants and water treatment facilities. Based on patented computer vision technology, ObjectVideo's software is deployed in more than 170 locations in eight countries, including Iraq, where the U.S. Marines use it in protecting soldiers in forward-operating bases. ObjectVideo provides the security market with an advanced ability to detect, classify, track and analyze video data, allowing end users to proactively address threats, improve security planning and enhance overall effectiveness. ObjectVideo markets and sells its products through a Video Intelligent Partner (VIP) program of leading security companies on digital signal processor and server platforms. Visit the company's web site at www.objectvideo.com
*ObjectVideo® is a registered trademark of ObjectVideo, Inc.
ThermoVision® is a registered trademark of FLIR Systems, Inc.
SOURCE: FLIR Systems, Inc.