FLIR Systems Announces Infiniti Red Bull Racing Partnership
WILSONVILLE, OR -- (Marketwired) -- 04/14/14 -- FLIR Systems, Inc.
(NASDAQ: FLIR) today announced that it has been named an Innovation
Partner with Infiniti Red Bull Racing. The winner of four consecutive
Formula One World Champions in both Constructor's and Driver's
categories, Infiniti Red Bull Racing will work with FLIR(R) -- the
world's leading supplier of thermal technology -- to gather
temperature data from its 2014 challenger, the RB10.
In the partnership, FLIR will develop solutions using world-class
miniature thermal cameras to provide the Infiniti Red Bull Racing
team with unique insights into the thermal characteristics of their
cars' components and operations.
The introduction of 1.6 liter V6 Turbocharged engines with dual
energy recovery systems has presented significant cooling challenges
for all Formula One teams in 2014. Managing car temperatures
effectively will be a key aspect of ensuring reliability, a factor
which is expected to play a significant role in determining the
outcome of this season.
Commenting on the collaboration, Christian Horner, Team Principal of
Infiniti Red Bull Racing, said "This year sees the most fundamental
changes to Formula One in well over a decade. The team which is most
efficient in gathering the relevant data, learning effectively, and
adapting accordingly will be the one which triumphs in this season of
transition. The insights which FLIR technology can give us will be
critical to our understanding of the new car and could give us a key
edge over our rivals."
Thermal imaging has become a vital tool for controlling thermal
management and tire performance. FLIR's background in designing and
building military-grade hardware will be a crucial factor in making
this technology work in the harsh environments seen on modern Formula
"This partnership comes at an exciting time for FLIR," said Andy
Teich, President and CEO of FLIR. "With the launch of our
revolutionary Lepton thermal micro-camera, we see numerous
applications for thermal technology in the racing world. Also, as we
are launching several new consumer oriented products with this
technology, we look forward to the broad awareness this relationship
will bring. We are thrilled to align the FLIR brand and technology
with the Infinity Red Bull team."
For more information, visit www.flir.com/motorsports
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and
marketing of sensor systems that enhance perception and awareness.
FLIR's advanced systems and components are used for a wide variety of
thermal imaging, situational awareness, and security applications,
including airborne and ground-based surveillance, condition
monitoring, navigation, recreation, research and development,
manufacturing process control, search and rescue, drug interdiction,
transportation safety, border and maritime patrol, environmental
monitoring, and chemical, biological, radiological, nuclear, and
explosives (CBRNE) threat detection. For more information, visit
FLIR's web site at www.FLIR.com.
The statements in this release by Andy Teich and the other statements
in this release about the partnership 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
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 ability to manufacture and
deliver the products referenced in this release, changes in demand
for FLIR's products, product mix, the timing of product deliveries,
the impact of competitive products and pricing, constraints on
supplies of critical components, excess or shortage of production
capacity, the ability of FLIR to manufacture and ship products in the
time period required, FLIR's continuing compliance with U.S. export
control laws and regulations, 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, or for changes made to this document by wire services or
Internet service providers.
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