News Article

iRobot Receives Seaglider Contracts from the U.S. Navy
Date: Oct 25, 2010
Source: Company Data ( click here to go to the source)

Featured firm in this article: iRobot Corporation of Bedford, MA

BEDFORD, Mass., Oct. 25, 2010 -- iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced it received two contracts from the Naval Oceanographic Office (NAVOCEANO) at Stennis Space Center, Miss. The first contract calls for the delivery of iRobot Seaglider™ Unmanned Underwater Vehicles (UUVs), for a total value of up to $920,000, including options. The company also received a contract valued at up to approximately $900,000, including options over three years, to refurbish, upgrade and support NAVOCEANO's existing fleet of Seaglider systems.

The iRobot Seaglider is a deep-diving UUV that performs missions lasting many months and covering thousands of miles. It is used by scientists and government agencies to collect various ocean data and can be piloted from anywhere in the world. Seaglider was recently used in the Gulf of Mexico to collect data for scientists researching the effects of the oil spill. iRobot licensed the Seaglider technology from the University of Washington in 2008 and has been improving the design and adding advanced capability. To date, iRobot has received orders for 30 of its Seaglider systems.

"Seaglider is a remarkable piece of technology," said Robert Moses, president of iRobot's Government and Industrial Robots division. "By staying out at sea for up to ten months at a time on a single battery charge, it offers researchers an extremely cost-effective way to collect data. Seaglider proved itself as an important tool for scientists in the Gulf of Mexico. iRobot looks forward to maintaining NAVOCEANO's current fleet and is pleased to provide new Seaglider systems that will be used in years to come."

More than 135 Seaglider UUVs have been delivered to customers worldwide, including the U.S. Navy, government agencies and research organizations.