This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The User Assist Package (UAP) Adds Semi-autonomous Capabilities To The IRobot 510 PackBot. (Photo: Business Wire)

iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, has received a $7.7 million order from the Naval Sea Systems Command (NAVSEA) for robot upgrades.

The User Assist Package (UAP) adds semi-autonomous capabilities to the iRobot 510 PackBot. (Photo: B ...

The User Assist Package (UAP) adds semi-autonomous capabilities to the iRobot 510 PackBot. (Photo: Business Wire)

The order calls for iRobot Aware® 2 software upgrades and the delivery of advanced sensor suites for 248 fielded Man Transportable Robotic System (MTRS) MK 1 MOD 1 robots. MTRS MK 1 MOD 1 is modeled after the iRobot 510 PackBot®. The company expects to complete these deliveries by November 2012.

Sensor suites include the iWARVVS (iRobot Wide-Angle Robot Vehicle Vision System) camera, thermal camera and iRobot’s User Assist Package (UAP). The cameras provide greater situational awareness through increased fields of view and imaging in low light environments. iRobot’s UAP adds improvements to the operator control unit, GPS mapping and critical semi-autonomous features to 510 PackBot, including self-righting, retro-traverse and heading hold. These capabilities speed up operations and reduce workload for the operator, letting them focus on successful completion of the mission.

“iRobot is pleased the Navy is continuing to invest in its current fleet of robots. These upgrades will provide our troops with some of the most advanced, life-saving robotic technologies available today,” said Tim Trainer, interim general manager of iRobot’s Defense & Security business unit. “iRobot’s UAP improves mission effectiveness while reducing workload and further minimizing operator exposure to dangerous environments.”

iRobot has delivered more than 4,500 robots to military and civil defense forces worldwide. They are used to perform search, reconnaissance, bomb disposal and other dangerous missions.

About iRobot Corp.

iRobot designs and builds robots that make a difference. The company’s home robots help people with smarter ways to clean, and its defense & security robots protect those in harm’s way. iRobot’s consumer and military robots feature iRobot Aware® robot intelligence systems, proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence. For more information about iRobot, please visit www.irobot.com.

For iRobot Investors

Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, iRobot Corp.’s expectations concerning deliveries of robots to customers. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corp. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot Corp., see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report on Form 10-K.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs