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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."
Forward-Looking Statements
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.
Company Contact: SOURCE: FLIR Systems, Inc.
http://www.flir.com
ThermoVision® is a registered trademark of FLIR Systems, Inc.
Tony Trunzo
+1 503.498.3547
www.flir.com
