FLIR Systems Announces Acquisition of DigitalOptics' Micro-Optics Assets

FLIR Systems Announces Acquisition of DigitalOptics' Micro-Optics Assets 
PORTLAND, OR -- (Marketwired) -- 08/12/13 --  FLIR Systems, Inc.
(NASDAQ: FLIR) announced today that it has acquired certain assets of
DigitalOptics Corporation's micro-optics business for a purchase
price of $14.9 million. Included in the purchase are fabrication
equipment and more than 200 patents and pending applications
associated with the design and production of complex optical
surfaces, substrates, and low cost components. 
DigitalOptics' micro-optics business, based in Charlotte, North
Carolina, is a leading fabricator of wafer-scale specialty optics
products, including lenses, lens arrays, optical receivers and
transceivers, and various infrared optical components. These high
volume, low cost optics technologies are used in a wide array of
industries and applications, including security, surveillance,
photolithography, data communications, laser-based medical equipment,
and 3D gesture recognition.  
"Bringing this low cost wafer scale micro-optics technology to our
operations provides us significant capability and cost advantages as
we move into high-volume markets for thermal imaging," said Andy
Teich, President and CEO of FLIR. "We look forward to adding these
proprietary processes, manufacturing capabilities, and experienced
engineering and production personnel to FLIR." 
About FLIR Systems 
FLIR Systems, Inc. is a world leader in the design, manufacture, and
marketing of sensor systems that enhance perception and awareness.
The Company's advanced thermal imaging and threat detection systems
are used for a wide variety of imaging, thermography, and security
applications, including airborne and ground-based surveillance,
condition monitoring, research and development, manufacturing process
control, search and rescue, drug interdiction, navigation,
transportation safety, border and maritime patrol, environmental
monitoring, and chemical, biological, radiological, nuclear, and
explosives (CBRNE) detection. Visit the Company's web site at
www.FLIR.com.  
Forward-Looking Statements 
The statements in this press release by Andy Teich and the other
statements in this release about the acquisition described above are
forward looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based
on current expectations, estimates and projections about FLIR's
businesses 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 possibility that FLIR will
experience difficulties in the integration of the assets,
technologies, and products of the acquired business, the potential
inability to realize expected benefits and synergies, changes in
demand for FLIR or the acquired business's products, the impact of
competitive products and pricing, FLIR's continuing compliance with
U.S. export control laws and regulations, the ability of FLIR to
manufacture and ship products in the time period required, and other
risks discussed from time to time in FLIR's Securities and Exchange
Commission filings and reports. 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 FLIR does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this release for changes made to this document by wire
services or Internet service providers. 
Company Contact:
Shane Harrison
+1 503.498.3547
www.flir.com 
 
 
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