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TheStreet Open House

IRobot Hosts JPMorgan TMT Conference - Transcript

iRobot (IRBT)

JPMorgan TMT Conference

May 15, 2012 02:50 PM ET


Colin Angle - Chairman & CEO


Paul Coster - JPMorgan


Paul Coster – JPMorgan

My name is Paul Coster; I am the Senior Analyst covering applied emerging technology at JPMorgan. This is the 40th Annual Technology Meeting and Telecom Conference. It feels like sometimes doesn’t it? Anyway, thank you for joining us and thank you Colin Angle, CEO, Founder of iRobot for joining us making the trip in from Bedford. We appreciate it. So Colin perhaps let’s assume some of the folks in your audience are not familiar with the story, what is that iRobot does?

Colin Angle

Sure iRobot is a 23 year old company focused on practical robotics and over the years we have developed a tremendous technology base, explored a number of markets and are currently 75% of our business comes from selling consumer robots through retail channels globally to vacuum your floors, scrub your floors, clean your gutters clean your pools. We also have a defense and security business which is has put over 4500 robots into service primarily USDOD but also international customers. Those robots are predominantly light weight, ground vehicles that are used in service today for diffusing bombs, addressing the improvise explosive device threat and starting to be fielded by the regular army for a variety of intelligence gathering and situation awareness increasing operations.

Paul Coster – JPMorgan

And the heart of this is aware?

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