Teledyne FLIR

Last updated
Teledyne FLIR LLC
Type Subsidiary
Industry Imaging technology, defense, security, law enforcement, thermography
Founded1978;45 years ago (1978)
Headquarters Wilsonville, Oregon, U.S.
45°19′14″N122°45′53″W / 45.32065°N 122.7647°W / 45.32065; -122.7647
Arlington, Virginia
Key people
Edwin Roks, EVP & CEO
Todd Booth, CFO
Robert Mehrabian, Chairman
Products Thermal imaging, infrared
RevenueIncrease2.svg $1.923 billion (2020)
Increase2.svg $212 million (2020)
Total assets Increase2.svg $3.252 billion (2020)
Total equity Increase2.svg $1.883 billion (2020)
Number of employees
4,179 (2020)
Parent Teledyne Technologies
Website www.flir.com OOjs UI icon edit-ltr-progressive.svg
Footnotes /references
[1]
Entrance to company headquarters in Wilsonville, Oregon, which is adjacent to the Mentor Graphics campus. FLIR entrance sign.JPG
Entrance to company headquarters in Wilsonville, Oregon, which is adjacent to the Mentor Graphics campus.

Teledyne FLIR LLC, formerly FLIR Systems Inc, (an acronym for "forward-looking infrared"), [2] a subsidiary of Teledyne Technologies, specializes in the design and production of thermal imaging cameras and sensors. Its main customers are governments and in 2020, approximately 31% of its revenues were from the federal government of the United States and its agencies. [1]

Contents

Operations

FLIR produces devices for the following markets: [1]

Facilities

The company has offices, manufacturing, and/or research and development facilities in Nashua, New Hampshire; Goleta, California; North Billerica, Massachusetts; Orlando, Florida; Bozeman, Montana; Stillwater, Oklahoma; Arlington County, Virginia; Chelmsford, Massachusetts; Ventura, California; Elkridge, Maryland; Freeport, Pennsylvania; Oak Ridge, Tennessee; Waterloo, Ontario; West Lafayette, Indiana; Tallinn; Täby; Dubai; Hvalstad; and Fareham. [1]

Products

FLIR One

The FLIR ONE camera is limited to 9 frames per second due to United States regulatory concerns. [3] The camera can be used to detect water and air leaks. [4] It is available as an add-on for Android and iOS devices.

AN/PVS-22

The AN/PVS-22, designated as the Universal Night Sight (UNS) is a clip-on night vision sight built off FLIR's MilSight 105 scope. The UNS can be used to engage long-range targets and can handle recoil up to .50BMG. [5] The AN/PVS-22 was originally co-designed by Knight's Armament Company and OSTI Inc. for SOCOM. [6] Ownership of the tradename "Universal Night Sight" was fought over by KAC and OSTI. [7] [8] [9] [10] [11] It is uncertain how FLIR came to own the rights for the AN/PVS-22 and MilSight 105 design.

History

The company was founded as FLIR Systems in 1978 to pioneer the development of high-performance, low-cost infrared (thermal) imaging systems for airborne uses. [12]

Originally based in Tigard, Oregon, the company relocated to Portland, Oregon, in the mid-1990s.

In 1990, the company acquired the industrial infrared imaging group of Hughes Aircraft Company. [12]

In June 1993, the company became a public company via an initial public offering, raising $12 million. [13] [14]

In January 1998, the company acquired Agema Infrared System of Sweden for approximately $80 million. [15] [16]

In January 1999, J. Kenneth Stringer III was named President & CEO of the company. [17]

In April 1999, the company acquired Inframetrics. [18] [19]

In May 2000, Stringer was fired by the board of directors due to errors in the company's accounting practices, [20] Earl Lewis replaced Stringer as President & CEO of the company, [21] and PricewaterhouseCoopers was dismissed as auditor. [22] In January 2001, FLIR agreed to pay $6 million to settle class-action shareholder litigation and FLIR settled with the U.S. Securities and Exchange Commission in October 2002. Three executives were charged with fraudulent accounting. [22]

In 2004, the company acquired a building in Wilsonville, Oregon, from Mentor Graphics for $10.3 million for use as a new headquarters. [23]

In January 2004, FLIR acquired Indigo Systems, a developer and supplier of infrared imaging products, including cooled and uncooled infrared detectors, camera cores, and finished cameras, for $190 million. [24] In 2011, after losing a trade secrets claim against the founders of Indigo Systems, FLIR agreed to pay $39 million to settle a countersuit. [25]

Beginning in 2005, the company began supplying BMW with imaging technology for use on its vehicles. [26]

In March 2007, the company reported that it would restate its financial statements for the period from 1995 to 2005 due to options backdating. [27] FLIR had been sued by investors for options backdating but the lawsuits were thrown out in November 2007. [28]

In October 2007, the company acquired Extech Instruments for $40 million. [29] [30]

In April 2008, the company acquired Ifara Tecnologias of Spain for €7.0 million. [31] [32]

In December 2009, it sold Extech Data Systems, a division of Extech which made portable printers. [29] [33]

Also in December 2009, the company acquired security hardware maker Directed Perception for $20 million. [34]

In May 2010, the company acquired bankrupt Raymarine for $180 million. [35] [36]

In December 2012, the company acquired Lorex Technology for $60 million. [37] Lorex was sold to Dahua Technology in 2018 for $29 million. [38]

In May 2013, Andrew C. Teich was appointed President & CEO after the retirement of Earl Lewis. [39] [21]

In April 2015, the company paid $9.5 million to settle allegations of violations of the Foreign Corrupt Practices Act after it paid for a world tour for Saudi Arabian officials. According to the U.S. Securities and Exchange Commission, FLIR earned more than $7 million in profits from sales influenced by the FCPA violations. [40]

In November 2015, the company acquired DVTEL, a provider of software and hardware technologies for advanced video surveillance, for approximately $92 million in cash. [41]

In February 2016, the company's technology was used by Bullitt Group and Caterpillar Inc. in a mobile phone that uses its lightweight thermal imaging technology. [42]

In November 2016, FLIR acquired Point Grey Research, owner of the Brickstream brand of camera products, for $259 million. [43]

In December 2016, FLIR acquired Prox Dynamics, the makers of the Black Hornet Nano, a nano-drone used by the military and law enforcement for surveillance and reconnaissance, for $134 million. [44]

In May 2017, Jim Cannon was appointed President & CEO of the company. [45] [46]

In January 2019, the company acquired Aeryon Labs for $200 million. [47] [48]

In March 2019, the company acquired Endeavor Robotics, the former iRobot division responsible for unmanned ground vehicles (UGVs) for the global military, public safety, and critical infrastructure markets, for $382 million in cash. [49] [50] The company also opened a second headquarters in Arlington County, Virginia. [51]

In October 2019, the company acquired patents related to tethered drones, which are connected to the ground with a cable and can stay aloft much longer than drones powered by batteries, from Aria Insights. [52]

In April 2020, during the COVID-19 pandemic, the company released a thermal camera that can be used to identify elevated skin temperature. [53] Demand for these products surged, putting stress on the company's supply chain. [54]

In January 2021, Teledyne Technologies announced that it had entered into a definitive agreement to acquire the company for $8 billion, [55] [56] against FLIR's 2019 revenue of $1.9 billion. [57] The acquisition was completed in May 2021, and FLIR Systems Inc. continued as Teledyne FLIR LLC. [58]

Mentionable Use Cases of Products

In 2017, the company partnered with the WWF's Wildlife Crime Technology Project, an initiative supported by a $5 million grant from Google. FLIR cameras were deployed in several game preserves in Namibia, Kenya, South Africa, Malawi and Zimbabwe. The program's thermal cameras, along with drones, digital tracking systems and other technology, was used to prevent poaching. [59]

On October 4, 2022, the company announced that NASA will use its thermal LWIR camera module, the Boson, in its design of an inflatable re-entry heat shield. [60]

On October 25, 2022, the company was awarded $48.7 million (USD) to provide Maritime Forward Looking Infared (MARFLIR) II sensors and variants of the SeaFLIR 280-HD surveillance systems to the United States Coast Guard. [61]

See also

Related Research Articles

<span class="mw-page-title-main">Forward-looking infrared</span> Type of thermographic camera

Forward-looking infrared (FLIR) cameras, typically used on military and civilian aircraft, use a thermographic camera that senses infrared radiation.

<span class="mw-page-title-main">L3 Technologies</span> American defense and electronic equipment manufacturer

L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products. Its customers included the Department of Defense, Department of Homeland Security, United States Intelligence Community, NASA, aerospace contractors, and commercial telecommunications and wireless customers. In 2019, it merged with Harris Corporation and was renamed to L3Harris Technologies.

<span class="mw-page-title-main">Night-vision device</span> Device that allows visualization of images in levels of light approaching total darkness

A night-vision device (NVD), also known as a night optical/observation device (NOD), night-vision goggle (NVG), is an optoelectronic device that allows visualization of images in low levels of light, improving the user's night vision. The device enhances ambient visible light and converts near-infrared light into visible light which can be seen by the user; this is known as I2 (image intensification). By comparison, viewing of infrared thermal radiation is referred to as thermal imaging and operates in a different section of the infrared spectrum. A night vision device usually consists of an image intensifier tube, a protective housing, and may have some type of mounting system. Many NVDs also include a protective sacrificial lens, mounted over the front lens (ie. objective lens) on NVDs to protect the latter from damage by environmental hazards and some can incorporate telescopic lenses. The image produced by an NVD is typically monochrome green, as green was considered to be the easiest color to look at for prolonged periods in the dark. Night vision devices may be passive, relying solely on ambient light, or may be active, using an IR (infrared) illuminator to better visualize the environment.

Teledyne Technologies Incorporated is an American industrial conglomerate. It was founded in 1960, as Teledyne, Inc., by Henry Singleton and George Kozmetsky.

iRobot American technology company that produces consumer robots

iRobot Corporation is an American technology company that designs and builds consumer robots. It was founded in 1990 by three members of MIT's Artificial Intelligence Lab, who designed robots for space exploration and military defense. The company's products include a range of autonomous home vacuum cleaners (Roomba), floor moppers (Braava), and other autonomous cleaning devices.

Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low power, field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in Shanghai, Manila,Los Angeles and Singapore. Lattice Semiconductor has more than 700 employees and an annual revenue of more than $400 million as of 2019. Founded in 1983, the company went public in 1989 and is traded on the NASDAQ stock exchange under the symbol LSCC.

<span class="mw-page-title-main">BMC Software</span> American enterprise software company

BMC Software, Inc. is an American multinational information technology (IT) services and consulting, and Enterprise Software company based in Houston, Texas.

<span class="mw-page-title-main">Amdocs</span> Israeli-founded software company

Amdocs is a multinational corporation that was founded in Israel and currently headquartered in Chesterfield, Missouri, with support and development centers located worldwide. The company specializes in software and services for communications, media and financial services providers and digital enterprises.

TheStreet is a financial news and financial literacy website. It is a subsidiary of The Arena Group. The company provides both free content and subscription services such as Action Alerts Plus, a stock recommendation portfolio co-managed by Bob Lang and Chris Versace. TheStreet was founded by Marty Peretz and Jim Cramer, and the site boasts numerous notable former contributors, including Bob Powell, Aaron Task, Herb Greenberg, and Brett Arends.

Extech Instruments is a supplier of handheld electronic test equipment and measuring instruments. It is based in Nashua, New Hampshire with design, manufacturing, and warehousing facilities in Hong Kong and Taiwan and a sales office in Shanghai.

Cision Ltd. is a public relations and earned media software company and services provider. The company is incorporated in the Cayman Islands and headquartered in Chicago, Illinois. In addition to offering Cision-branded services, the company owns a portfolio of companies including PRNewswire, PRWeb, Bulletin Intelligence, L'Argus de la presse, Help a Reporter Out (HARO), CEDROM-SNI, Prime Research, and Canada Newswire.

<span class="mw-page-title-main">Schnitzer Steel</span>

Schnitzer Steel Industries, Inc. is a steel manufacturing and scrap metal recycling company headquartered in Portland, Oregon.

Electro Scientific Industries, Inc. (ESI) is an American high technology company headquartered in the Portland, Oregon, metropolitan area, specifically in Beaverton, Oregon, since 2021, but from 1963–2021, it was based in the unincorporated Cedar Mill area just north of Beaverton. ESI is a developer and supplier of photonic and laser systems for microelectronics manufacturers. Founded in 1944, it is the oldest high-tech company in Oregon. Along with Tektronix, and later Intel, it has spawned numerous technology-based companies in the Portland area, an area known as the Silicon Forest. From 1983 to 2019, shares in the company were publicly traded on NASDAQ, under the ticker symbol ESIO.

<span class="mw-page-title-main">Irisys</span>

Infrared Integrated Systems Ltd is a technology and engineering company based near Northampton in the United Kingdom that manufacturers thermal imaging, people counting technologies and real-time grocery queue management systems. The company was acquired by the American Fluke Corporation in 2012.

<span class="mw-page-title-main">Mercury Systems</span> American global technology company

Mercury Systems, Inc. is a technology company serving the aerospace and defense industry. It designs, develops and manufactures open architecture computer hardware and software products, including secure embedded processing modules and subsystems, avionics mission computers and displays, rugged secure computer servers, and trusted microelectronics components, modules and subsystems.

<span class="mw-page-title-main">Qorvo</span> American technology company

Qorvo is an American multinational company specializing in products for wireless, wired, and power markets. The company was created by the merger of TriQuint Semiconductor and RF Micro Devices, which was announced in 2014 and completed on January 1, 2015. It trades on Nasdaq under the ticker symbol QRVO. The headquarters for the company originally were in both Hillsboro, Oregon, and Greensboro, North Carolina, but in mid-2016 the company began referring to its North Carolina site as its exclusive headquarters.

<span class="mw-page-title-main">Oregon Venture Fund</span> Venture capital fund

Oregon Venture Fund makes venture investments in the Portland, Oregon area and throughout Oregon and SW Washington. The fund consists of 180 institutional and angel investors, of whom 85% have run or founded a business. The fund evaluates up to 300 business plans per year, selecting five to seven to invest in annually. In 2018, the fund changed its name from Oregon Angel Fund to Oregon Venture Fund and launched a new $30M fund. Since its inception, Oregon Venture Fund has generated an average annual rate of return of 34% and a return on investment exceeding $3.50 for each dollar invested.

Vertiv is an American, Ohio-based, provider of equipment and services for data centers.

PrecisionHawk is a commercial drone and data company. Founded in 2010, PrecisionHawk is headquartered in Raleigh, North Carolina with another global office in Toronto, Canada and satellite offices around the world. PrecisionHawk is a manufacturer of drones (Lancaster) and has more recently focused heavily on developing software for aerial data analysis (DataMapper) and drone safety systems (LATAS). PrecisionHawk is a member of the U.S. Federal Aviation Administration Pathfinder Initiative and the NASA UTM Program. An angel investor in the company, Bob Young, founder of Red Hat, became CEO in August 2015. In August 2016, PrecisionHawk became the first U.S. company to receive an FAA exemption to commercially fly drones beyond the operator's visual line of sight.

References

  1. 1 2 3 4 "FLIR Systems, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ Dinaberg, Leslie (October 1, 2020). "A Hotspot for Seeking Heat". Santa Barbara Independent .
  3. ↑ "As far as 30 fps vs. 9 fps video rates are concerned, why use one over the other?". FLIR. Retrieved 2022-06-03.{{cite web}}: CS1 maint: url-status (link)
  4. ↑ HAMBLING, DAVID (June 27, 2014). "Why Your Phone Needs an Infrared Camera". Popular Mechanics . Archived from the original on 2018-05-08.
  5. ↑ "Tactical Vision" (PDF). FLIR. Archived from the original (PDF) on 10 June 2022. Retrieved 10 June 2022.
  6. ↑ "MilSight T105 Data Sheet". FLIR. Archived from the original on 12 June 2022. Retrieved 12 June 2022.
  7. ↑ "AN/PVS-22 A1 (UNIVERSAL NIGHT SIGHT MID RANGE)" (PDF). Knight's Armament Company. Archived from the original (PDF) on 12 June 2022. Retrieved 12 June 2022.
  8. ↑ "5855-01-531-5726 (241 09YN9UNS, 55883, AN/PVS-22) Data". Part Target. Archived from the original on 12 June 2022. Retrieved 12 June 2022.
  9. ↑ "5855-01-509-6871 (23071) Data". Part Target. Archived from the original on 12 June 2022. Retrieved 12 June 2022.
  10. ↑ McDermott Will & Emery (31 October 2011). ""Universal Night Sight" is a descriptive trademark". Lexology. Archived from the original on 12 June 2022. Retrieved 12 June 2022.
  11. 1 2 "Teledyne FLIR Company History". Teledyne FLIR.
  12. ↑ SOPER, TAYLOR (January 4, 2021). "Teledyne to acquire thermal imaging company FLIR Systems for $8 billion in cash and stock". GeekWire .
  13. ↑ Heberlein, Greg (August 28, 1995). "Gambling With Ipos -- Initial Public Offerings Can Be Risky, But Payoffs Can Be Handsome". Seattle Times .
  14. ↑ "FLIR buys Agema". FlightGlobal . January 7, 1998.
  15. ↑ "FLIR Systems, Honeywell, Industrial Devices, PC Soft, Robotic Workspace, SST, Visio, Wonderware". Control Engineering . January 1, 1998.
  16. ↑ "COMPLAINT FOR VIOLATIONS OF THE FEDERAL SECURITIES LAWS". United States District Court for the District of Oregon – via U.S. Securities and Exchange Commission.
  17. ↑ "FLIR Systems Completes Acquisition of Inframetrics". Photonics. April 2, 1999.
  18. ↑ "Mergers". FlightGlobal . April 6, 1999.
  19. ↑ "Flir Systems fires its CEO". Albany Democrat-Herald . May 26, 2000.
  20. 1 2 Hunsberger, Brent (April 26, 2013). "Flir Systems CEO Earl Lewis will step down, hand reins to Andrew Teich" . The Oregonian .
  21. 1 2 Roland, Neil (October 1, 2002). "No fine as Flir settles with SEC". Seattle Times. Bloomberg News.
  22. ↑ "Dreams realized, dreams deferred". American City Business Journals . December 24, 2004. Archived from the original on August 25, 2010.
  23. ↑ Troshinsky, Lisa (January 9, 2004). "FLIR Completes Acquisition Of Indigo Systems Corp". Aviation Week & Space Technology .
  24. ↑ Siemers, Erik (May 20, 2011). "FLIR to pay $39M to settle lawsuit". American City Business Journals .
  25. ↑ Earnshaw, Aliza (March 2, 2007). "Flir on fast track after several years of strong growth". American City Business Journals .
  26. ↑ "Flir to restate financial reports". American City Business Journals . March 1, 2007. Archived from the original on March 5, 2007.
  27. ↑ Walden, Michael (November 13, 2007). "Court dismisses backdating complaints involving Flir" . The Oregonian .
  28. 1 2 "Flir sells Extech Data Systems". American City Business Journals . December 16, 2009.
  29. ↑ "FLIR Systems Reports Record Fourth Quarter and Full Year 2007 Financial Results" (Press release). GlobeNewswire. February 7, 2008.
  30. ↑ "FLIR Systems Announces Acquisition of Ifara Tecnologias" (Press release). GlobeNewswire. April 8, 2008.
  31. ↑ "Flir Systems buys Ifara Tecnologias". American City Business Journals . April 8, 2008.
  32. ↑ Hunsberger, Brent (December 16, 2009). "Flir Systems sells printer unit to Datamax-O'Neil" . The Oregonian . Archived from the original on June 9, 2011.
  33. ↑ Hunsberger, Brent (December 28, 2009). "Flir Systems buys security-system supplier for $20 million" . The Oregonian . Archived from the original on June 24, 2010.
  34. ↑ Hunsberger, Brent (May 14, 2010). "Wilsonville-based Flir Systems outbids Garmin for bankrupt marine GPS maker" . The Oregonian . Archived from the original on May 16, 2010.
  35. ↑ "FLIR Systems Announces Acquisition of the Stock of Raymarine Holdings" (Press release). GlobeNewswire. May 14, 2010.
  36. ↑ "FLIR Systems Completes Acquisition of Lorex Technology for $60 Million" (Press release). GlobeNewswire. December 20, 2012.
  37. ↑ "FLIR Systems Sells Retail and SMB Visible-Spectrum Security Business" (Press release). GlobeNewswire. February 6, 2018.
  38. ↑ "FLIR Systems Announces First Quarter 2013 Financial Results and Management Changes" (Press release). GlobeNewswire. April 26, 2013.
  39. ↑ Rubenfeld, Samuel (April 8, 2015). "Flir Pays $9.5 Million to Settle FCPA Allegations" . The Wall Street Journal .
  40. ↑ "FLIR Systems Acquires DVTEL, Inc. for $92 Million" (Press release). GlobeNewswire. November 30, 2015.
  41. ↑ Spencer, Malia (February 18, 2016). "Flir teams with Caterpillar on a phone that helps you see in the dark". American City Business Journals .
  42. ↑ "FLIR Systems Completes Acquisition of Point Grey Research, Inc" (Press release). GlobeNewswire. November 4, 2016.
  43. ↑ Glaser, April (December 1, 2016). "The company behind these pocket-sized military surveillance drones just got bought for $134 million". Vox Media . Archived from the original on 2016-12-02.
  44. ↑ "FLIR Systems Announces Appointment of James J. Cannon as President and CEO" (Press release). GlobeNewswire. May 23, 2017.
  45. ↑ Rogoway, Mike (May 23, 2017). "Flir hires new CEO from Stanley Black & Decker" . The Oregonian .
  46. ↑ "FLIR Systems Acquires Aeryon Labs for $200M" (Press release). Business Wire. January 28, 2019.
  47. ↑ Spencer, Malia (January 28, 2019). "Flir buys Canadian drone maker for $200M". American City Business Journals .
  48. ↑ "FLIR Systems Completes Acquisition of Endeavor Robotics" (Press release). Business Wire. March 4, 2019.
  49. ↑ Spencer, Malia (February 11, 2019). "Flir buys Boston robotics company for $385M". American City Business Journals .
  50. ↑ Spencer, Malia (March 13, 2019). "Wilsonville-based Flir splits its HQ with new Virginia office". American City Business Journals .
  51. ↑ Maffei, Lucia (October 4, 2019). "FLIR buys Aria patents, aiming to merge ground and drone robots for military use". American City Business Journals .
  52. ↑ Spencer, Malia (April 1, 2020). "Flir releases thermal camera that can detect elevated skin temps". American City Business Journals .
  53. ↑ Xiao, Eva (May 21, 2020). "Covid-19 Raises Demand for Temperature Scanners" . The Wall Street Journal .
  54. ↑ "Teledyne to Acquire FLIR Systems" (Press release). Teledyne Technologies Incorporated. January 4, 2021.
  55. ↑ Honovich, John (January 4, 2021). "Teledyne Acquires FLIR" . IPVM.
  56. ↑ Garg, Himanshu (5 February 2021). "Teledyne Technologies Has Acquired FLIR Systems: A Frost & Sullivan Viewpoint". Frost & Sullivan. Retrieved 13 June 2021.
  57. ↑ "Teledyne Completes Acquisition of FLIR" (Press release). Business Wire. May 14, 2021.
  58. ↑ "#CES2017: How African wildlife is protected by thermal imaging tech | Africa Times". 6 January 2017.
  59. ↑ "NASA Takes the Teledyne FLIR Boson Thermal Camera Module Out of this World". 2022.
  60. ↑ "EO/IR sensors from Teledyne FLIR Defense to equip U.S. Coast Guard cutters - Military Embedded Systems".
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.