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Business/Financial

iRobot Teams With Advanced Scientific Concepts

DDN

Tuesday, December 4th, 2007

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iRobot [IRBT] yesterday said it has teamed with Santa Barbara, Calif.-based Advanced Scientific Concepts. The deal grants iRobot the exclusive rights to develop and market ASC's 3-D Flash Laser Radar or "LADAR" technology for unmanned ground vehicles and robots in exchange for future commitments to purchase units. Separately, iRobot made a minority investment for preferred stock in the company. ASC, with over 20 years of experience and 13 patents, provides the expertise in critical imaging technology needed for new product…

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