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 One racing. "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. Forward-Looking Statements 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. Company Contact: Shane Harrison +1 503.498.3547 www.flir.com
FLIR Systems Announces Infiniti Red Bull Racing Partnership
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