Jim Cannon

Teledyne Technologies Incorporated (“Teledyne”) and FLIR Systems, Inc. (“FLIR”) jointly announced that they have entered into a definitive agreement under which Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8.0 billion. “FLIR’s commitment to innovation spanning multiple sensing technologies has allowed our company to grow into the multi-billion-dollar company it is today”. Permanent financing Under the terms of the agreement, FLIR stockholders will receive $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56.00 per FLIR share based on Teledyne’s 5-day volume weighted average price. The transaction reflects a 40% premium for FLIR stockholders based on FLIR’s 30-day volume weighted average price. Net leverage at closing is expected to be 4.0x adjusted pro forma EBITDA with leverage declining to less than 3.0x As part of the transaction, Teledyne has arranged a $4.5 billion 364-day credit commitment to fund the transaction and refinance certain existing debt. Teledyne expects to fund the transaction with permanent financing prior to closing. Net leverage at closing is expected to be approximately 4.0x adjusted pro forma EBITDA with leverage declining to less than 3.0x. Different semiconductor technologies Teledyne expects the acquisition to be immediately accretive to earnings, excluding transaction costs and intangible asset amortisation, and accretive to GAAP earnings in the first full calendar year following the acquisition. “At the core of both our companies is proprietary sensor technologies. Our business models are also similar: we each provide sensors, cameras and sensor systems to our customers. However, our technologies and products are uniquely complementary with minimal overlap, having imaging sensors based on different semiconductor technologies for different wavelengths,” said Robert Mehrabian, Executive Chairman of Teledyne. Multiple sensing technologies “For two decades, Teledyne has demonstrated its ability to compound earnings and cash flow consistently and predictably. Together with FLIR and an optimized capital structure, I am confident we shall continue delivering superior returns to our stockholders.” We could not be more excited to join forces with Teledyne through this value-creating transaction" “FLIR’s commitment to innovation spanning multiple sensing technologies has allowed our company to grow into the multi-billion-dollar company it is today,” said Earl Lewis, Chairman of FLIR. “With our new partner’s platform of complementary technologies, we will be able to continue this trajectory, providing our employees, customers and stockholders even more exciting momentum for growth. Our Board fully supports this transaction, which delivers immediate value and the opportunity to participate in the upside potential of the combined company.” Global customer base Jim Cannon, President and Chief Executive Officer of FLIR, said, “We could not be more excited to join forces with Teledyne through this value-creating transaction. Together, we will offer a uniquely complementary end-to-end portfolio of sensory technologies for all key domains and applications across a well-balanced, global customer base." "We are pleased to be partnering with an organization that shares our focus on continuous innovation and operational excellence, and we look forward to working closely with the Teledyne team as we bring our two companies together to capitalize on the important opportunities ahead.” Approvals and timing Teledyne announced improved preliminary financial results for the fourth quarter and full year 2020 In a separate press release issued, Teledyne announced improved preliminary financial results for the fourth quarter and full year 2020. The Teledyne press release is available on the company’s official website. FLIR noted that it expects to meet or exceed the full year fiscal 2020 guidance it provided on October 30, 2020. The transaction, which has been approved by the boards of directors of both companies, is expected to close in the middle of 2021 subject to the receipt of required regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, approvals of Teledyne and FLIR stockholders and other customary closing conditions. Conference call and webcast Evercore is acting as exclusive financial advisor and McGuireWoods LLP is acting as legal advisor to Teledyne in connection with the transaction. Goldman Sachs & Co. LLC is acting as exclusive financial advisor and Hogan Lovells US LLP is acting as legal advisor to FLIR in connection with the transaction. Teledyne has entered into a 364-day senior unsecured bridge facility credit agreement with Bank of America as sole lead arranger and administrative agent. Teledyne and FLIR will host a conference call to discuss the acquisition. A live webcast of the call can be accessed at Teledyne’s website. One can connect to the website at least 15 minutes prior to the start of the call to allow adequate time for any software download that may be required. A replay will be available on the company’s website approximately three hours after the call and will be available for approximately one month.

South Africa conservationist, Brett Barlow needed a robust security solution to protect Munu, a blind, South Western Black Rhinoceros, whose species is critically endangered. FLIR video solution Barlow deployed an all FLIR solution, comprising thermal cameras, visible cameras and an NVR, for around-the-clock monitoring, early detection and real-time response. FLIR technology has played an instrumental role to protect Munu’s life and livelihood. Throughout the 20th century, big-game hunters, settlers and poachers have decimated Africa’s black rhino population. In the early 1970s, there were approximately 65,000 black rhinos, and by 2018, that number was reduced to 5,630. In 2020, there are three remaining subspecies of the black rhino, one of the most vulnerable being the South Western Black Rhinoceros, also known as Diceros bicornis bicornis, of which there are only 254 left in South Africa. FLIR thermal and visible security cameras deployed Barlow teamed up with FLIR Systems to use state-of-the-art thermal and visible security cameras to act as Munu’s eyes Munu, a 20-year-old blind male rhino, is one of these critically endangered species. When Munu was in danger, South Africa conservationist, Brett Barlow stepped in to save Munu’s life. Barlow teamed up with FLIR Systems to use state-of-the-art thermal and visible security cameras to act as Munu’s eyes, detecting threats, increasing safety and enhancing his overall quality of life. In 2019, rangers working at a South African National Park found a black rhino walking in circles and visibly disoriented. They knew they had to do something. After safely tranquilizing him, an ophthalmic surgeon confirmed that the rhino, known as Munu, had suffered two detached retinas and was completely blind, likely as a result of disputes with other rhinos in the area. Protecting endangered rhino, Munu As soon as he heard about the situation, renowned South African conservationist, Brett Barlow spoke with the South African National Park and offered to permanently house and protect Munu. “Every rhino matters,” Barlow adamantly affirmed, adding “You wouldn’t put down a blind child, so why would you put down a blind rhino?” The South African National Park later transferred Munu to Barlow’s care. However, Barlow wasn’t the only one who wanted to help Munu. Relocating Munu to the Mantis Founder’s Lodge Adrian Gardiner, globally renowned conservationist famous for founding the Shamwari Game Reserve and the Sanbona Wildlife Reserve in South Africa, extended the invite for Munu to stay on one of his properties, the Mantis Founder’s Lodge. Wasting no time at all, Barlow relocated Munu to the lodge, knowing it would increase his quality of life. The property, spanning 850 hectares, is home to five white rhinos, as well as other animals, including a zebra and giraffe. The White Lion Foundation, in which Gardiner and Barlow are both executive board members, donated funds to construct Munu’s boma, comprising a secure covered boma and a five-hectare open grazing area. American Humane funding Though under Barlow’s care and in a safe enclosure, Munu still faced many grave threats Additional support came from a local internet provider, who donated free internet services for the project. American Humane, a non-profit organization committed to ensuring the safety, welfare and well-being of animals, funded one year of feed for Munu. All donations for Munu go directly to the project with no administration costs deducted. Though under Barlow’s care and in a safe enclosure, Munu still faced many grave threats because of his highly valuable horn. He remained a prime target for illegal poaching. Much of Munu’s horn was removed to protect him, but the amount of horn that remained is still worth thousands of dollars. Experts say that one pound of rhino horn is worth at least US$ 3,000 universally and ten times that, on Asian black markets. Thus, even with much of his horn removed, Munu was still in danger. Self-harm was a risk should Munu charge into the boma. Munu’s next door neighbor, Rodney, a white bull rhino, was also a concern should a territorial fight occur. For all these reasons, Barlow looked for ways to enhance Munu’s safety. Video surveillance for enhanced security Previously, the Mantis Founder’s Lodge employed two guards for Munu’s security. However, Barlow believes guards should only be a second line of defense, a visual deterrent that responds to threats. “I wanted to go down to the electronic security system route,” Barlow said, adding “Technology doesn’t sleep.” The first security manufacturer Barlow hired charged high prices for their security products. More than this, once installed, Barlow discovered that these devices were unable to deliver quality images in extreme weather conditions, such as mist or rain, both of which are commonplace at the Lodge. As such, he decided Munu’s security required for a more robust and reliable video security system. In 2019, Wilke Pretorius, Distribution Sales Manager for Sub Sahara Africa at FLIR Systems, was working with Brett Barlow on a separate project. When Barlow told Pretorius about Munu, Pretorius informed the FLIR team who immediately got involved. FLIR end-to-end video surveillance system FLIR donated an end-to-end surveillance system, featuring thermal and visible cameras FLIR donated an end-to-end surveillance system, featuring thermal and visible cameras, in order to protect Munu from poachers. FLIR’s powerful thermal and visible imaging cameras deliver intrusion detection at much longer ranges and complete, 24-hour perimeter protection, regardless of weather conditions. "Other camera manufacturers don't compare. Their cameras can't see through mist or rain. FLIR delivers images 24/7, rain or shine, darkness or light,” Barlow said, adding “technology like FLIR thermal cameras allow for early warnings for perimeter breaches. Even though rhinos have weak eyesight, without any sight, they are basically defenseless. So, in essence, FLIR became Munu’s eyes.” Beyond FLIR’s high-performing technology, Barlow loved working with the FLIR staff. Barlow said, “What drew me to FLIR were the people involved. Wilke and the rest of the FLIR team have been so passionate and resourceful, always available and willing to help when issues arise.” “When I started working at FLIR, Chief Executive Officer (CEO) Jim Cannon said our mission is to save lives and livelihoods,” Pretorius explained, adding, “These words stuck with me. Working on the Munu project, it was clear that saving lives and livelihoods are indeed a passion of FLIR employees. I am proud to be a part of a company so eager and passionate to produce solutions and technology that make a positive impact in the world.” Installation of FLIR cameras Installing the new security system was not an easy task. Merely two days prior to the arrival of FLIR cameras, in March 2020, South Africa was ordered into an immediate lockdown, due to the COVID-19 pandemic. But Barlow was eager to begin the installation process, so he set out to do it himself. By early May 2020, a two-person crew had manually dug over 600 meters of trenching to run cable and conduit through the lodge’s hard African soil. Barlow also installed a solar array to power the system. He cut bushes, installed polling and connected the entire system to FLIR’s central network video recorder (NVR), to view the camera feeds both inside and surrounding Munu’s boma. The result is a fully functioning, comprehensive video security system. FLIR Elara FB-Series ID thermal security cameras deployed Barlow worked closely with Pretorius to strategically design and lay out the FLIR security system Barlow worked closely with Pretorius to strategically design and lay out the FLIR security system based on a two-tier model. The perimeter is shaped as a big triangle about 110 yards away from the boma enclosure. Six FLIR Elara FB-Series ID thermal security cameras, which use onboard analytics to classify human or vehicular intrusions, are installed to monitor the outer perimeter or the first tier. There are also 11 Ariel Full HD IP Bullet cameras deployed, which deliver 1080p video for high motion, complex and low-light scenes. FLIR Saros Dome DH-390 cameras deployed For effective surveillance of Munu’s boma, six FLIR Saros Dome DH-390 cameras, designed to deliver actionable alerts and alarm data, surround the enclosure. One FLIR Saros DM-Series camera is mounted inside the boma to capture every minute detail of Munu’s movement in all conditions. To manage the video from all the cameras, FLIR also supplied its Meridian TM product, a compact, all-in-one network video recorder (NVR), specially designed to support dozens of channels. Meridian also features a FLIR United VMS EZ Client web interface, which simplifies viewing capabilities and saves the cost of additional workstations. Powering, processing and managing this system are six edge servers, FLIR’s USS Edge Appliances, containing 12TB of storage and preloaded with United VMS software, built to seamlessly manage multiple, varied devices. Heightened perimeter protection Thanks to FLIR’s technology, Barlow is confident that Munu can be an ambassador for his species. He hopes Munu’s story may inspire future conservancies around the world to partner with manufacturers, like FLIR, for heightened perimeter protection. Case in point, actress Shannon Elizabeth, founder of the South Africa-based Shannon Elizabeth Foundation that is focused on wildlife conservation, was deeply moved by Munu’s story. She later asked Barlow to participate as an advisor to her foundation’s Ranger Relief Fund. Importance of early warning technology FLIR could prove invaluable to the efforts of rangers all over the African continent to protect endangered animals" In a time where conservation funding is down because of declining tourism due to the COVID-19 pandemic, the Ranger Relief Fund supplies money and much needed equipment to ensure conservation first responders remain employed and properly resourced. With early warning technology being more critical than ever, the need for conservancies to partner with technology manufacturers like FLIR is urgent. “FLIR could prove invaluable to the efforts of rangers all over the African continent to protected endangered animals,” Barlow explained, adding “With Munu being the proof point, FLIR could be more than Munu’s new eyes, but indeed the eyes of an industry desperate to protect the world’s natural heritage from the burgeoning poaching crisis.” Picking the optimal security solution When asked what advice Barlow would give to other conservancies considering similar security technologies, he said “Speak to the right people. Make sure you talk to someone who understands the product. See the solution in action. View a live site and see how it works. Work with the right people to implement that for yourself.” The longer Munu lives, the more good he’ll do. Barlow plans to expand Munu’s boma, once he has acclimatized to his new home. And he has already begun using the FLIR Saros DM-Series’ live stream capabilities to invite learners around the world to observe Munu up close. The plan for Munu is to mate with a female within his own subspecies, thereby directly contributing to the survival of his kind. If Munu does sire a calf, Barlow plans to donate the calf back to the South African National Park that Munu came from to help with the genetic diversity for the reserve. The future for Munu is bright and, with his new eyes, he will see through to the end.

FLIR Systems, Inc. announces modified thermal cameras for fast and safe non-contact elevated skin temperature screening. The FLIR EST™ thermal screening solutions provide frontline screening at building entries and in high traffic areas to improve safety and help curb the spread of COVID-19. The FLIR Axxx-EST, FLIR T5xx-EST, and FLIR Exx-EST series cameras are designed to simplify the screening process, reducing the burden on screening operators and adhering to recommended social distancing guidelines. Reducing measurement uncertainty “The new FLIR EST thermal solutions represent nearly two decades of experience designing and manufacturing thermal measurement solutions for skin temperature screening,” said Jim Cannon, President and CEO at FLIR. “These cameras are our easiest cameras to set up and operate to date for skin temperature screening, requiring limited training to begin screening people more quickly and accurately.” The new EST cameras also introduce an enhanced, on-camera FLIR Screen-EST mode, which increases throughput by 25 percent compared to the previous version. To further improve accuracy, the updated Screen-EST mode automatically generates a sample baseline temperature average and compares individuals’ skin temperature against that baseline, reducing measurement uncertainty from natural body temperature fluctuations and environmental effects. This mode can sound or display an alarm when the camera detects an elevated temperature above a set threshold. Video management systems The new EST cameras are compatible with the new FLIR Screen-EST desktop software announced earlier in June If the screening mode detects an individual with elevated skin temperature, they should then be evaluated using a medical device such as a thermometer. In addition, the new EST cameras are compatible with the new FLIR Screen-EST desktop software announced earlier in June. The A500-EST and A700-EST cameras are designed for permanent, fixed-mounted installations and can be deployed as a single, standalone screening station or in a network. The cameras can be connected to most video management systems while the camera housing features multiple mounting points to support tripod or permanent installations. Mobile screening settings The T540-EST and T560-EST are designed to operate in either a mobile or more permanent setting. The flexible form factor enables a cable-free mobile operation with up to four hours of battery life or hands-free use with an integrated tripod mount. Light, ergonomically designed for handheld use, and battery-powered, the E54-EST and E86-EST offer the capability for mobile screening settings with a bright, easy-to-use integrated touchscreen display. Tripod mounts are also available for the Exx-EST models. The FLIR Axxx-EST series, T5xx-EST series, and Exx-EST series will be available for purchase worldwide in the Third Quarter 2020 on FLIR’s website and through FLIR authorized distributors.

FLIR Systems, Inc. announced the FLIR Screen-ESTTM software for FLIR T-Series, Exx-Series, and A-Series thermal imaging cameras. The software provides automatic measurement tools that perform elevated skin temperature screenings of individuals in two seconds or less at entries, checkpoints, and other high-traffic areas while maintaining recommended social distancing guidelines. FLIR Screen-EST method “Governments and businesses across the globe are hard at work developing new processes to ensure public health and safety from COVID-19, including the use of radiometric thermal imaging cameras as part of a comprehensive frontline screening program,” said Jim Cannon, President and CEO at FLIR. “Now with FLIR Screen-EST software, those organizations can increase the speed and accuracy of frontline screening when using FLIR’s thermal cameras.” FLIR Screen-EST software takes a skin temperature measurement near the tear duct of each person FLIR Screen-EST software is designed to automatically take a skin temperature measurement near the tear duct of each person, the surface area most closely correlated to core body temperature. When used with T-Series, Exx-Series, or A-Series cameras, the software enables screening of individuals to occur 50 percent faster than FLIR Systems’ existing on-camera screening mode, accelerating throughput. Thermal measurement solutions If the software detects a skin temperature that exceeds a threshold set above the baseline average, Screen-EST will notify the operator and display or sound an audible alarm on the subject’s viewing monitor. The individual then should be directed to a secondary medical screening. Honed through nearly two decades of experience designing and manufacturing thermal measurement solutions for skin temperature screening, Screen-EST automatically takes skin temperature samples at the screening location to determine an average skin temperature baseline. It then adds additional samples throughout the day. Body temperature fluctuations The software offers a plug-and-play connection and can be installed or removed within minutes This relative temperature screening method helps accounts for regular body temperature fluctuations caused by natural biological and external environmental factors, thus reducing the number of inaccurate readings that can impact absolute temperature alarm systems. FLIR Screen-EST software is for Windows-based laptops and desktops. It offers a plug-and-play connection for FLIR thermal imaging cameras and can be installed or removed within minutes. This provides additional flexibility for operators to easily move locations or to quickly detach the camera for other purposes, including facilities maintenance or machine inspection. FLIR Screen-EST software for T-Series cameras is available for purchase globally for $595 USD, 595€ EUR, and 499£ GBP in English only on FLIR System’s official website and through FLIR authorized distributors. Screen-EST software for Exx-Series and A-Series will be available later this month. To learn more, one can visit the company’s official website.

FLIR Systems, Inc. announced it has installed its EST screening system at the Pentagon Visitor Center in Washington, D.C. The company’s integrated EST screening solution, the A700 EST-IS, features the FLIR A700 thermal imaging camera. The system is being used to screen visitors for elevated or higher than expected skin temperatures, which can help guard against the spread of COVID-19. The installation of its EST system at the Pentagon is one of many efforts FLIR is currently discussing with United States Department of Defense officials for applications across the armed services. The news follows statements made by FLIR President and CEO Jim Cannon on a recent earnings call that the company booked roughly $100 million in new EST business in the first quarter of 2020. Skin temperature screening For more than 40 years, FLIR has provided advanced thermal imaging technology to America’s military" More recently, General Motors announced it will use FLIR cameras at many of its sites to screen workers in an effort to help prevent the spread of the novel coronavirus. “For more than 40 years, FLIR has provided advanced thermal imaging technology to America’s military - on its aircraft, helicopters, ships at sea, and to forces on land,” said Cannon. “We’re honored to again serve the U.S. defense community in this effort to better protect visitors to the Pentagon and support elevated skin temperature screening.” Thermal imaging cameras For applications in public buildings, hospitals, airports, schools, sports venues, or manufacturing, FLIR Systems’ EST cameras can be a first line of defense in managing the risks associated with a global pandemic. These groups and others are using FLIR thermal imaging cameras and software for the initial screening needed to help detect people with signs of elevated skin temperature. Once identified, those individuals can be checked with a medical device to determine if they have a fever, one of the symptoms of a coronavirus or other flu infection. FLIR is a global provider of thermal cameras for temperature screening-related applications. Its technology has been employed worldwide by customers since the 2003 SARS epidemic, with unique functionality that includes advanced measurement tools and alarms to enable faster critical decisions.

FLIR Systems, Inc. announced that Paula M. Cooney has been named Senior Vice President, Chief Human Resources (HR) Officer. Ms. Cooney will report to President and CEO Jim Cannon and will assume a strategic role in the growth and organizational health at FLIR. As the global leader for FLIR Systems’ HR team, Ms. Cooney will be responsible for leading the human resources function and ensuring that the human capital agenda supports the company’s business objectives. Strategic business partner Paula will be a strategic business partner to Jim Cannon and the broader executive leadership team and will work with the group to develop and align human resources strategies. She will focus on all elements of organization transformation (structure, culture, employment brand, talent, succession planning, change management, engagement, and acquisition integration). Leadership skill “Paula is the right leader to help FLIR build a high-performing and inclusive culture,” said Jim Cannon, President, and CEO of FLIR. “Paula has deep human resources leadership experience from large, public organizations, and brings a global perspective on culture development, organizational design, and change and talent management. We are excited to welcome Paula to FLIR.” Experience Cooney led the global HR & communications functions across a 6,500-employee organization  Ms. Cooney joins FLIR from Saint Paul, Minnesota-based H.B. Fuller Company, a $3 billion global specialty chemicals company, where she worked for a decade and held multiple roles in HR leadership. Most recently serving as Vice President, Human Resources and Communications, Ms. Cooney led the global HR & communications functions across a 6,500-employee organization. She joined H.B. Fuller in 2010 as Director, HR Strategic Programs where she led all aspects of global human resources strategy designed to attract, reward, develop top talent & drive high performance. Prior to H.B. Fuller, Ms. Cooney spent 13 years at Intel Corporation where she served in various human resources roles with increasing responsibility. Education A native of Ireland, she earned a Master of Business Studies, Human Resources Management and Industrial Relations from University College Dublin, and a diploma in Personnel Management from the National College of Ireland. Ms. Cooney will be based out of FLIR Systems’ Arlington, Virginia facility.

FLIR Systems, Inc. announces the FLIR A400/A700 Thermal Smart Sensor and Thermal Image Streaming fixed camera solutions for monitoring equipment, production lines, critical infrastructure, and screening for elevated skin temperatures. These highly configurable smart camera systems provide accurate, non-contact temperature monitoring across a wide range of disciplines: manufacturing process control, product development, emissions monitoring, waste management, facilities maintenance, and Environmental, Health, and Safety (EHS) improvements. Optimizing process control The FLIR A400/A700 Thermal Smart Sensor solution initially will be prioritized for those responding to COVID-19. For all applications, the series offers multi-image streaming, edge computing, and Wi-Fi connectivity to help speed data flow and enable faster decisions, improving productivity and safety for professionals.   FLIR designed the A400/A700 cameras with two configurations to better meet application-specific needs. The Thermal Smart Sensor configuration, recommended for measuring elevated skin temperatures, incorporates advanced measurement tools and alarms with edge computing to enable faster critical decisions. The Image Streaming configuration provides multiple thermal streaming capabilities to help optimize process control, improve quality assurance, or identify potential failures that could shut down a production line. Imaging streaming configurations For more than 40 years, FLIR thermal imaging has provided technologies for professionals" Users design their systems by choosing either the Smart Sensor or Imaging Streaming configurations, selecting either the A400 or A700 camera body based on the resolutions they need, and then adding lenses and a range of optional features to fit their application. “For more than 40 years, FLIR thermal imaging has provided technologies for professionals to improve not only their capabilities, but also their safety on the job,” says Jim Cannon, President and CEO at FLIR. “As the world works together to face the global COVID-19 pandemic, given the need for this technology, FLIR will prioritize initial deliveries of this new A-series camera to professionals using it in elevated skin temperature screening as an adjunct to other elevated body temperature screening tools to help to fight the spread of the virus.” Elevated skin temperature screening software Also, FLIR currently is in beta testing for an automated elevated skin temperature screening software solution that is fully integrated with its United States Food and Drug Administration-certified thermal cameras. The solution is designed to rapidly increase the accuracy, ease-of-use, and speed of existing screening procedures. FLIR will share an announcement about its solution in Q2 2020. FLIR A400/A700 Thermal Smart Sensor and Thermal Image Streaming cameras are available for purchase globally from FLIR distributor partners.

FLIR Systems, Inc. has announced the releases of the new FLIR K1 handheld thermal imaging camera, available for purchase in the EMEA region. Touted to be FLIR’s most affordable camera for first responder officers and fire investigators, the FLIR K1 detects heat and provides visibility through smoke and in total darkness. It provides enhanced situational awareness for use in wildland fire control, search and rescue missions, structure damage evaluation, and investigative work. K1 thermal imaging camera The dual sensor FLIR K1 is powered by the FLIR Lepton thermal micro-camera “FLIR is committed to providing first responders with lifesaving technology and solutions that help them keep their communities safe,” said Jim Cannon, President and CEO of FLIR Systems. “At a more affordable price, the FLIR K1 will allow more emergency service professionals to adopt the power of thermal imaging and ensure a safer mission.” The dual sensor FLIR K1 is powered by the FLIR Lepton thermal micro-camera, FLIR’s smallest and lowest cost thermal camera core. The K1 uses FLIR’s patented MSX technology, which extracts high-contrast details from the images taken by an onboard visible light camera and superimposes them onto the thermal images. Patented MSX technology The FLIR K1 simultaneously captures thermal and visible images of a scene and stores up to 10,000 image sets to create post-scene reports, analysis and evidence. A pistol grip design allows users to view the scene from their line of sight for improved safety and situational awareness. The spot thermometer easily identifies unseen hot and cold spots for instant troubleshooting. The FLIR K1 carries an IP67 rating for water resistance, heat resistance up to 115°C, and can withstand a 2-meter drop onto concrete. An integrated, rechargeable battery lasts up to five hours on a single charge, and it also includes a 300-lumen flashlight that lends additional visibility of a scene. The FLIR K1 is now available for purchase in EMEA at a cost of 580 EUR and 521 GBP, excluding VAT.

FLIR Systems, Inc. announces three Neutrino midwave infrared (MWIR) camera cores: the small, lightweight FLIR Neutrino LC and two FLIR Neutrino Performance series cores, the SX12 and QX. The latest models expand the FLIR Neutrino cooled camera core family for commercial, industrial, and defense original equipment manufacturers (OEM) and system integrators.   The Neutrino LC is FLIR’s first High Operating Temperature (HOT) MWIR camera core and the first model in the SWaP+C (Size, Weight, Power, and Cost) series. As the smallest, lightest weight, and lowest power consuming Neutrino model available, the LC can be integrated with smaller drones and allow drone operators to fly longer. Provide Crisp Imagery With HOT technology, Neutrino starts imaging two times faster than previous models, allowing optical gas imaging professionals to detect gases faster. Additionally, the Neutrino’s longer operational lifetime allows installation in security applications where maintenance access is restricted, difficult, or costly.  The two new Neutrino Performance series products, the Neutrino SX12 and the Neutrino QX, offer the highest-resolution MWIR performance from FLIR The two new Neutrino Performance series products, the Neutrino SX12 and the Neutrino QX, offer the highest-resolution MWIR performance from FLIR. The Neutrino SX12 produces high-definition (HD) thermal imaging video, while Neutrino QX, with more than 3.1 megapixels, is FLIR’s highest resolution MWIR core. Both Neutrino Performance models provide crisp imagery at long distances while maintaining a wide field of view and are ideal for ground-based or airborne intelligence, surveillance, reconnaissance (ISR), and counter-drone solutions. Powerful Software Controls “The three new Neutrino cooled camera cores offer significant technological advances, from setting a new bar for size, weight, power, cost, and lifetime, to offering the highest resolution for a midwave thermal camera in its class,” said Jim Cannon, President and CEO of FLIR Systems. He further added, “With common industry-standard interfaces, simple and powerful software controls, and technical support, the new Neutrino products empower OEMs to reduce product development risk and shorten time to deployment. The expanded Neutrino line opens opportunities for FLIR to help customers solve challenges, increase efficiencies, and save lives.” The Neutrino SX12, QX, and LC are dual-use camera cores for commercial, industrial, and defense products and are classified under the U.S. Department of Commerce Export Administration Regulations as Export Control Classification Number 6A003.b.4.a.

FLIR Systems, Inc. has announced FLIR TruWITNESS, an industry-first wearable sensor platform designed for city-level security and public safety operations. TruWITNESS combines video, audio, location data, Internet of Things (IoT) capabilities, and cloud and management software in one solution, allowing organizations to reach a new level of situational awareness. FLIR TruWITNESS Wearable Sensor Platform TruWITNESS is designed for any public safety organization that requires on-scene, real-time mobile surveillance. Worn on an individual’s body or mounted inside vehicles, TruWITNESS includes visible-video, audio, global navigation satellite system (GNSS), gyroscope, accelerometer and magnetometer sensors. These sensors combine to send alerts and stream data to a central command center in real-time to ensure full situational awareness and global event handling. Featuring FLIR Neighbor Aware inter-device connectivity, TruWITNESS acts as an IoT device, triggering nearby TruWITNESS devices, fixed and motorized Pan-Tilt-Zoom (PTZ) security cameras, and other connected sensors to act upon an alarm event. TruWITNESS becomes a key component of FLIR Systems’ Video Management System, United VMS, which command centers use to manage video surveillance. United VMS combines video, audio, and other related data and makes it available for real-time situation management and forensic purposes. Visible And Thermal Sensors For City Surveillance FLIR offers both visible and thermal sensors for use by cities in security, traffic and public safety applications FLIR offers both visible and thermal sensors for use by cities in security, traffic and public safety applications, and FLIR United VMS integrates these devices into one comprehensive, omniscient system. Adding TruWITNESS to the system, extends the reach to virtually anywhere, providing for enhanced real-time situational awareness, informed decision making and additional opportunities to affect a positive outcome.  “The market for wearable video surveillance technology today is confined mainly to law enforcement, but we believe TruWITNESS helps extends well beyond it,” said Jim Cannon, President and CEO at FLIR. “Imagine a private security professional finds an injured pedestrian in front of a building they patrol. Equipped with a TruWITNESS platform and devices, security personnel can stream video of the situation not only to their command center, but with local law enforcement, the emergency medical personnel who are on route to the scene, or doctors in a nearby hospital. For the first time, TruWITNESS enables any public safety organization to use video to respond to complex situations and evolving threats as they occur.”

FLIR Systems, Inc. announced the FLIR Firefly camera family, the industry’s first deep learning inference-enabled machine vision camera. The FLIR Firefly, which integrates the Intel Movidius Myriad 2 Vision Processing Unit (VPU), is designed for image analysis professionals using deep learning for more accurate decisions, and faster, easier system development. Traditional rules-based software is ideal for straightforward tasks such as barcode reading or checking a manufactured part against specifications. The FLIR Firefly combines a new, affordable machine vision platform with the power of deep learning to address complex and subjective problems such as recognizing faces or classifying the quality of a solar panel. Improves Speed And Power Efficiency The FLIR Firefly leverages the Intel Movidius Myriad 2 VPU’s advanced capabilities in a compact and low-power cameraThe FLIR Firefly leverages the Intel Movidius Myriad 2 VPU’s advanced capabilities in a compact and low-power camera, ideal for embedded and handheld systems. Machine makers can load their trained neural networks directly onto the Firefly’s integrated VPU. Additionally, Intel Movidius Neural Compute Stick users can easily deploy their existing networks directly onto the Firefly. This unique design reduces system size and improves speed, reliability, power efficiency, and security. "Automated analysis of images captured by machines is a key part of our day-to-day lives that few of us think about,” said James Cannon, President and CEO of FLIR. “The quality, affordability, and speed-to-market of items like our smartphones or the food on our tables are made possible by systems using cameras doing both inspection and automated production. With the FLIR Firefly powered by Intel Movidius Myriad 2 VPU, we are enabling the designers of these systems to leverage deep learning faster and at lower costs.” Intel Movidius Myriad 2 VPU “The Intel Movidius Neural Compute Stick enabled FLIR to rapidly prototype, streamlining the early development of machine learning in the Firefly,” said Adam Burns, Director of Computer Vision Products at Intel. “Now the FLIR Firefly uses the compact, efficient Intel Movidius Myriad 2 VPU to perform real-time inference in the camera, without compromising the amazing levels of miniaturization that FLIR has achieved in this device.” FLIR will demonstrate a preview of the Firefly camera at the VISION conference in Stuttgart, Germany, in the FLIR booth (Hall 1, Stand 1B42).

FLIR Systems, Inc. has announced the Saros line of security cameras, its next-generation outdoor security product line that combines multiple traditional perimeter protection technologies into a unified solution. This approach is designed to deliver accurate, actionable alerts and verified alarm data. The FLIR Saros camera line enables commercial businesses to implement state-of-the-art outdoor intrusion detection in a cost-effective manner. Traditional perimeter security systems can require substantial investment, both in infrastructure and in ongoing expenses stemming from false alarms. FLIR Saros not only greatly reduces the cost of initial deployment by minimizing the amount of equipment required, but also reduces false positives with built-in advanced analytics, expanding the outdoor perimeter protection market for security alarm monitoring companies. The FLIR Saros platform was engineered with today’s cybersecurity risks in mind Wide-Area Monitoring To Real-Time Audio A single FLIR Saros unit combines numerous security technologies, including: Multiple FLIR Lepton thermal sensors – Provides the ability to deliver wide-area monitoring regardless of unfavorable lighting or weather conditions High-definition optical cameras – Option of 1080p or 4K resolution to realize accurate visual identification of intruders IR and visible LED illuminators – Ability to deter intruders with white-light illumination Advanced onboard analytics – Accurate target detection and classification, to help reduce false alarms 2-way audio and digital input/outputs – Enables real-time audio response The FLIR Saros platform was designed and engineered with today’s cybersecurity risks in mind, with end-to-end encryption for setup, web, and video streams, and configuration lockdown after initial setup for increased tamper prevention. FLIR Saros also eliminates the need for port-forwarding, so devices are less exposed to remote security attacks. Initial FLIR Saros models – in both dome and multi-imager form factors – will begin shipping in North America and Europe in the third quarter of 2018 Increased Security Awareness “FLIR Saros, equipped with multiple FLIR Leptons, represents a new security paradigm for wide-area commercial locations that face the threat of loss,” said James Cannon, President and CEO of FLIR. “FLIR Saros products open new business opportunities for both central monitoring stations and security integrators looking to distinguish themselves in the industry. The Saros family is an important addition to FLIR’s security portfolio and supports our goal of innovating technologies that increase perception and awareness to support professionals in decision-making that saves lives and livelihoods.” Initial FLIR Saros models – in both dome and multi-imager form factors – will begin shipping in North America and Europe in the third quarter of 2018 through FLIR’s established network of dealers and integrators.

FLIR Systems, Inc. announced the Saros line of security cameras, its next-generation outdoor security product line that combines multiple traditional perimeter protection technologies into a unified solution. This approach is designed to deliver accurate, actionable alerts and verified alarm data. FLIR Saros Cameras The FLIR Saros camera line enables commercial businesses to implement state-of-the-art outdoor intrusion detection in a cost-effective manner. Traditional perimeter security systems can require substantial investment, both in infrastructure and in ongoing expenses stemming from false alarms. FLIR Saros not only greatly reduces the cost of initial deployment by minimizing the amount of equipment required, but also reduces false positives with built-in advanced analytics, expanding the outdoor perimeter protection market for security alarm monitoring companies. Included Security Technologies A single FLIR Saros unit combines numerous security technologies, including: Multiple FLIR Lepton thermal sensors – Provides the ability to deliver wide-area monitoring regardless of unfavorable lighting or weather conditions High-definition optical cameras – Option of 1080p or 4K resolution to realize accurate visual identification of intruders IR and visible LED illuminators – Ability to deter intruders with white light illumination Advanced onboard analytics – Accurate target detection and classification, to help reduce false alarms 2-way audio and digital input/outputs – Enables real-time audio response Cybersecurity And End-To-End Encryption The FLIR Saros platform was designed and engineered with today’s cybersecurity risks in mind The FLIR Saros platform was designed and engineered with today’s cybersecurity risks in mind, with end-to-end encryption for setup, web, and video streams, and configuration lockdown after initial setup for increased tamper prevention. FLIR Saros also eliminates the need for port-forwarding, so devices are less exposed to remote security attacks. “FLIR Saros, equipped with multiple FLIR Leptons, represents a new security paradigm for wide-area commercial locations that face the threat of loss,” said Jim Cannon, President and CEO of FLIR. “FLIR Saros products open new business opportunities for both central monitoring stations and security integrators looking to distinguish themselves in the industry. The Saros family is an important addition to FLIR’s security portfolio and supports our goal of innovating technologies that increase perception and awareness to support professionals in decision-making that saves lives and livelihoods.” Initial FLIR Saros models – in both dome and multi-imager form factors – will begin shipping in North America and Europe in the third quarter of 2018 through FLIR’s established network of dealers and integrators.

FLIR Systems, Inc. announced the Saros line of security cameras, its next-generation outdoor security product line that combines multiple traditional perimeter protection technologies into a unified solution. This approach is designed to deliver accurate, actionable alerts and verified alarm data. FLIR Saros Security Camera The FLIR Saros camera line enables commercial businesses to implement state-of-the-art outdoor intrusion detection in a cost-effective manner. Traditional perimeter security systems can require substantial investment, both in infrastructure and in ongoing expenses stemming from false alarms. FLIR Saros not only greatly reduces the cost of initial deployment by minimising the amount of equipment required, but also reduces false positives with built-in advanced analytics, expanding the outdoor perimeter protection market for security alarm monitoring companies. The FLIR Saros platform was designed and engineered with today’s cybersecurity risks in mind Combined Security Technologies A single FLIR Saros unit combines numerous security technologies, including: Multiple FLIR Lepton thermal sensors – Provides the ability to deliver wide-area monitoring regardless of unfavorable lighting or weather conditions High-definition optical cameras – Option of 1080p or 4K resolution to realise accurate visual identification of intruders IR and visible LED illuminators – Ability to deter intruders with white light illumination Advanced onboard analytics – Accurate target detection and classification, to help reduce false alarms 2-way audio and digital input/outputs – Enables real-time audio response  The FLIR Saros platform was designed and engineered with today’s cybersecurity risks in mind, with end-to-end encryption for setup, web, and video streams, and configuration lockdown after initial setup for increased tamper prevention. FLIR Saros also eliminates the need for port-forwarding, so devices are less exposed to remote security attacks. FLIR Saros, equipped with multiple FLIR Leptons, represents a new security paradigm for wide-area commercial locations" FLIR Lepton Thermal Sensors “FLIR Saros, equipped with multiple FLIR Leptons, represents a new security paradigm for wide-area commercial locations that face the threat of loss,” said James Cannon, President and CEO of FLIR. “FLIR Saros products open new business opportunities for both central monitoring stations and security integrators looking to distinguish themselves in the industry. The Saros family is an important addition to FLIR’s security portfolio and supports our goal of innovating technologies that increase perception and awareness to support professionals in decision-making that saves lives and livelihoods.” Initial FLIR Saros models – in both dome and multi-imager form factors – will begin shipping in North America and Europe in the third quarter of 2018 through FLIR’s established network of dealers and integrators.

FLIR Systems, Inc. has announced that it has completed the sale of its Canadian security products subsidiary Lorex, Inc. in a transaction that also included its Toronto-headquartered small and medium-sized (SMB) security products business. Acquiring the business is Chinese video surveillance giant Dahua, which previously had served as the primary OEM supplier of video surveillance products to Lorex. Visible Spectrum Security Services Together, these businesses generated $140 million of revenue in 2017, according to FLIR, focusing on visible spectrum security systems that are sold globally to consumers and SMBs through various distribution channels. Under the terms of the transaction, FLIR will receive approximately $29 million in cash and expects to record a GAAP non-cash charge of approximately $23.6 million related to the divestiture. Focus On Critical Infrastructure And Enterprise “This divestiture will focus our Security business on critical infrastructure and enterprise segments of the broader security market, which are attractive customer bases for our differentiating technologies,” said Jim Cannon, President and CEO of FLIR. “As we assessed our position and opportunities in the security and surveillance space, we determined that this business no longer fits our strategy to build intelligent, turn-key security solutions that are based on multiple wavelengths.” “These are formidable assets that will complement Dahua’s already impressive strengths and resources,” Dahua said in a statement.

FLIR Systems, Inc. announced that James J. (“Jim”) Cannon has been appointed President and Chief Executive Officer, effective June 19, 2017. Mr. Cannon will succeed Andy Teich, whose retirement after 33 years of service was previously announced on February 14, 2017. Leading FLIR’s Product And Application Portfolios Mr. Cannon’s extensive and varied leadership experience, together with his proven operational expertise and ability to adapt business strategies to meet evolving market needs, makes him ideally suited to lead FLIR and its portfolio of innovative technology-based products and applications. He previously served for more than 16 years in a variety of senior leadership positions at Stanley Black & Decker, Inc., most recently as President of Stanley Security North America & Emerging Markets. Prior to that, Mr. Cannon was President of the company’s Industrial & Automotive Repair (IAR) business unit, first in North America and subsequently in Europe and Latin America, before then serving as President of Stanley Oil & Gas. In addition to his global, cross-functional leadership experience at Stanley Black & Decker, Mr. Cannon served in the U.S. Army for 10 years as an infantryman and armor officer in a wide variety of assignments around the world, including Operations Desert Shield and Desert Storm in Iraq, where he learned to truly appreciate FLIR’s technology and was awarded a Combat Infantryman’s Badge. He later oversaw key security missions as part of the Army’s peace enforcement operations in Bosnia. Driving Company’s Growth “We are delighted to appoint a chief executive of Jim’s caliber,” said Earl R. Lewis, Chairman of the FLIR Board of Directors. “Jim’s proven track record of achieving strong results in both business and the military make him uniquely well qualified to serve as FLIR’s next CEO. Our Board of Directors conducted a thorough search process, in which Jim distinguished himself as a true leader of leaders and demonstrated his experience and adaptability running business units worldwide. We’re confident he is the right person to lead FLIR’s dedicated employees. On behalf of the entire Board, I’m pleased to welcome Jim and am excited to work closely with him as we continue to leverage the unique attributes of the FLIR brand and product portfolio to deliver increased value to our shareholders.” The FLIR brand is synonymous with continuous innovation and delivering value to customers around the world “The opportunity to join this outstanding leadership team and serve alongside over 3,000 talented FLIR employees worldwide as the Company’s next CEO is a great honor,” said Mr. Cannon. “The FLIR brand is synonymous with continuous innovation and delivering value to customers around the world. From my own personal experience having relied on FLIR technology as a combat veteran, I’ve seen firsthand the powerful, life-saving impact the company’s portfolio of solutions can have for our customers. Andy and the FLIR team have done a great job building out FLIR’s technology and business, and I’m excited to build on that success and drive further growth for the benefit of FLIR’s employees, customers, and shareholders.” Skilled Experience As President of Stanley Security North America & Emerging Markets, Mr. Cannon held direct P&L responsibilities across five business units, managed over 5,000 employees, and oversaw the operations of numerous manufacturing plants and distribution centers. In this role, he successfully developed and executed a strategic plan that reduced complexity and cost while driving continued and sustained improvement. In his previous roles as President of Stanley Oil & Gas, President of IAR Europe & Latin America, and President of IAR North America, he demonstrated his operational skills by driving significant organic growth, increased efficiency, and improved profitability at each business unit. Mr. Cannon serves on the board of directors of Lydall, Inc. and holds a Bachelor of Science degree in Business Administration/Marketing from the University of Tennessee in Chattanooga. Mr. Cannon will be based out of the Company’s Wilsonville, Oregon headquarters.

STANLEY Insights offers an unparalleled solution and consultancy program with the ability to correlate data streams STANLEY Security, a leading global manufacturer and integrator of comprehensive security solutions for a wide range of industries, unveils its new STANLEY Insights™ Professional Services and Analytics Solutions Software, an unparalleled solution and consultancy program with the ability to correlate data streams, analyze trends and measure business activities and operations – ultimately utilizing analytics to help optimize business performance. STANLEY Insights is a superior business intelligence solution, utilizing a revolutionizing combination of customized data, differentiating tools and advanced methodology to leverage best practices across businesses. STANLEY Insights will be formally introduced to the industry this week at the ASIS International 61st Annual Seminar and Exhibits (ASIS 2015), September 28-October 1 in Anaheim, CA. “Businesses are asking for real-time information and analytics to help them achieve their goals. Often, they have the ability to collect data but no way to study it or draw meaningful information from it. To that end, we are focusing on building a team of highly specialized experts who will leverage data to solve problems,” said Jim Cannon, President, STANLEY Security. STANLEY Insights is comprised of two key elements – a new STANLEY Insights Professional Services team and the STANLEY Insights Analytics Solutions Software – to offer multi-faceted support and an in-depth, 360-degree view of a business’ operations, practices and data streams. STANLEY Insights™ Professional Services Team In addition to the actionable intelligence elements provided through the STANLEY Insights Analytics Solutions Software, the overall STANLEY Insights experience also brings together experienced data scientists and business consultants as part of the new STANLEY Insights Professional Services team to partner with businesses in a way that creates immeasurable value through perceptive data utilization. Dave Bhattacharjee has been appointed Vice President, Data Analytics to lead the team of highly specialized data experts. He most recently served as Director, Business Analytics and Data Science, Americas Practice Leader for Cisco Services before transitioning to STANLEY Security in this role. “We believe Dave’s strong blend of business, technology and analytics leadership, as well as his ability to identify and execute analytics strategies and projects, will position him well for success as the leader of the STANLEY Insights Professional Services team,” Cannon said. “The individuals on this team will help our customers understand what existing data is useful and what needs to be collected, what changes need to be made to processes in order to make meaningful data collection possible, and how to anticipate trends or behaviors by leveraging that information.” Under Bhattacharjee, the STANLEY Insights Professional Services team will provide a broad range of analytics-based services to improve business operations. For each STANLEY Insights customer, the group will compile an extensive Analytics Assessment, leveraging the STANLEY Insights methodology and unique data streams to correlate, analyze and measure business performance and activities. Armed with this knowledge, the team will then create a business case template and customize models to help customers anticipate trends, behaviours and profitability impact to drive results. For organizations seeking further assistance in implementing and executing the analytics initiatives outlined by STANLEY Insights Professional Services, the expert team members will provide Data Science and Advanced Analytics Services to generate further actionable intelligence for the business. “STANLEY Insights is a comprehensive analytics portfolio, based on our organization’s vast industry knowledge, for which we have developed customized data analytics, tools and methodology to provide unparalleled visibility into virtually any business’ activities and operations, in order to optimize operational best practices and create shareholder value for our customers,” said Bhattacharjee.