PORTLAND, Ore., Oct 17, 2002 (BUSINESS WIRE) -- FLIR Systems, Inc. (Nasdaq:FLIR) announced today that it has introduced a new line of thermal imaging cameras for the burgeoning US and international security market. The new ThermoVision® Security camera utilizes FLIR's world leading infrared technology to provide an economical solution to commercial and industrial security applications. Designed specifically for life and safety, security, and surveillance applications, this new infrared camera provides clear images in total darkness and through fog, dust and smoke -- conditions under which standard visible cameras or cameras with infrared illumination only typically fail.
The ThermoVision Security cameras are ideal for integration into new and existing video security networks. The small, weatherproof cameras connect in the same manner as conventional CCD cameras and provide the same video output. The cameras are available with a range of lens choices suitable for indoor, close-range applications to medium-range outdoor applications. Applications for the new product include industrial perimeter security, high value asset protection, warehouse surveillance and security for bridges, dams and harbors.
"The introduction of this new camera for the industrial security market utilizing low cost uncooled technology will further bolster FLIR's growing presence in this exciting new market," said Earl Lewis, Chief Executive Officer of FLIR Systems. "Together with our existing line of medium to long range products, this new product family will allow FLIR to offer a solution for most any security need."
FLIR has received a multi-unit order for the new camera line for a security and safety application at a US National Laboratory. Deliveries of the new product will commence this quarter.
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 newsgathering and search and rescue. Thermography products support such applications as condition monitoring, non-destructive testing, medical science, research and development, and manufacturing process control. For more information, please visit their Web site at www.FLIR.com.
This release contains forward-looking statements that 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 impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, actual purchases under purchase agreement from the customer, the amount and availability of appropriated government procurement funds generally 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, 2001. 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.
FLIR Systems, Inc., Portland
Dwight Dumpert, 503/684-3731
Neil Berkman Associates (Investor Contact)
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