Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Rodney Brooks Takes on New Role at iRobot Corp.

Tue. September 02, 2008; Posted: 04:30 PM
Stocks RSS
BEDFORD, Mass., Sep 02, 2008 (BUSINESS WIRE) -- IRBT | Quote | Chart | News | PowerRating -- iRobot Corp. (Nasdaq: IRBT | Quote | Chart | News | PowerRating) today announced that Dr. Rodney Brooks will be stepping down as the company's chief technology officer. Brooks will continue to serve on the board of directors of iRobot and will be leading the formation of an iRobot technical advisory board and serving as its chairman. iRobot is expected to begin its search for a new full time chief technology officer in 2009.

"Rod has been an integral part of iRobot over the years, playing a large role in the company's success," said Colin Angle, chief executive officer, iRobot. "We are fortunate that he will continue to be a part of the company, lending his expertise and knowledge to our roadmap forward."

"Working with the executive team at iRobot, I'll remain close to the company through my work on the board," said Brooks. "I look forward to forming an iRobot technical advisory board and am excited to serve as this board's chair."

Professor Brooks, a noted authority on robots, will also be working on a new venture, Heartland Robotics, a non-competing robot company.

About iRobot Corp.

iRobot is a provider of robots that perform dull, dirty or dangerous missions in a better way. The company's proprietary technology, iRobot AWARE(TM) Robot Intelligence Systems, incorporates advanced concepts in navigation, mobility, manipulation and artificial intelligence. This proprietary system enables iRobot to build behavior-based robots, including its family of consumer and military robots. For additional information about iRobot, please visit www.irobot.com.

For iRobot Investors

Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, iRobot Corp.'s expectations concerning management's plans. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corp. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot Corp., see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report on Form 10-K.

SOURCE: iRobot Corp.

Elise Caffrey Investor Relations iRobot Corp. (781) 430-3003 ecaffrey@irobot.com or Nancy Smith Media Relations iRobot Corp. (781) 430-3323 nsmith@irobot.com

For full details on iRobot Corp (IRBT) click here. iRobot Corp (IRBT) has Short Term PowerRatings of 4. Details on iRobot Corp (IRBT) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.