iRobot CEO to Outline the Future of Robotics in Healthcare at TEDMED

At the event, Angle will also introduce Tod Loofbourrow, president of iRobot's newly-created healthcare business unit. The new business unit is committed to exploring the potential of robotics as an assistive technology to promote wellness and enhance quality of life for seniors. In this role, Loofbourrow will be responsible for all aspects of the group's strategy, research and operations. He will report directly to Angle.

"Hiring Tod to lead our new healthcare business unit underscores the significance of this market opportunity, as well as the commitment the company is making in this space," said Angle. "Our healthcare mission is to add a million years of independent living to our customers. As the leader in practical robots, we believe that we will have something unique and significant to offer in the field of healthcare."

iRobot believes that next-generation practical robots have the potential to help caregivers perform critical work and extend the time that people can live independently. Robots may be capable of assisting in senior care in a variety of real-life situations, including household chores and the on-time administration of medication. This could ultimately lower the cost for care.

Loofbourrow joins iRobot with more than 25 years of senior leadership experience in the high-technology sector. Most recently, he served as chairman, chief executive officer and founder of Authoria, Inc., a leader in the benefits and talent management market.

"I joined iRobot because I believe that the business has the potential to make a significant difference in the field of healthcare," said Loofbourrow. "People want to stay in their homes and live independently for as long as they can. This is a company with millions of robots currently assisting people in their homes. With $2.2 trillion spent every year on healthcare in the United States, I believe that the long-term potential of robotics to extend independent living is profound."

Prior to Authoria, Loofbourrow was chief executive officer and founder of Foundation Technologies, Inc., which developed the first-ever "Managed Second Surgical Opinion" system for managed care. He holds a bachelor's degree from Harvard University and a graduate certificate from Oxford University. He has taught business courses at Harvard University and lectured at Stanford, MIT Sloan School of Management, Harvard Business School, Yale and Babson College.

About iRobot Corp.

iRobot designs and builds robots that make a difference. The company's home robots help people find smarter ways to clean, and its government and industrial robots help protect those in harm's way. iRobot's consumer and military robots feature iRobot AWARE(R) robot intelligence systems, proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence. For more 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, objectives and strategies. 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.

iRobot Corp. 
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