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FLIR Systems, Inc.

FLIR Systems, Inc. Nature of Business. Design and manufacture thermal imaging and infrared camera systems Sell to commercial, industrial and government markets Thermography – cameras that measure temperature/moisture Used for commercial and industrial purposes such as building inspections.

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FLIR Systems, Inc.

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  1. FLIR Systems, Inc.

  2. Nature of Business • Design and manufacture thermal imaging and infrared camera systems • Sell to commercial, industrial and government markets • Thermography – cameras that measure temperature/moisture • Used for commercial and industrial purposes such as building inspections. • Imaging – night vision systems • Mainly government/military use.

  3. Letter from Chairman, President and CEO Earl R. Lewis • Sales increased by 55% to $483 million • Net earnings up by 60% from 2003 • Building inspection camera line lead the way into new markets. • New manufacturing plants in Sweden and Boston • Purchased Indigo Systems Corp. (imaging company) and led to growth in this industry of 65% • Invested $64 million in R & D. • For 2005 - looking to lower production costs to reach cost sensitive markets

  4. Independent Auditor • KPMG, LLP from Portland, Oregon • Unqualified opinion

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