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FLIR to Acquire Extech Instruments

October 30, 2007

Acquisition by world leader in thermal imaging and stabilized camera systems will create new opportunities in distribution, product development and branding.


Extech Instruments, a major supplier of test and measurement equipment and portable receipt printers with distribution in over 90 countries, announces that the company's president and owner, Jerry Blakeley, has entered into an agreement in which the stock of Extech will be acquired by FLIR Systems Inc. FLIR is a world leader in the design, manufacture and marketing of thermal imaging and stabilized camera systems. The transaction, which is subject to standard closing conditions, is expected to be completed within the fourth quarter.

"This is an exciting opportunity for Extech, our customers, our distributors, and our employees," said Blakeley. "This acquisition will create new opportunities in distribution, product development and branding, which will extend and strengthen Extech's position in competitive markets."

With this acquisition, Extech's product portfolio will increase, bringing the addition of thermal imagers and Infrared (IR) cameras to the company's 15 current product categories. Known for its innovative approach to product development, Extech has made extensive use of IR technology for both measurement and communication. Extech holds five patents incorporating IR into measurement instruments, and was the first company to introduce a portable printer with IrDA wireless communication.

Blakeley continued, "I look forward with vigor to enhancing and improving not only our product line, but also the service we provide our customers. The Extech brand will certainly be stronger as a result of this acquisition."

About FLIR Systems, Inc.
FLIR Systems, Inc., located in Portland, OR, is a world leader in the design, manufacturing, and marketing of thermal imaging and stabilized camera systems. The company's products are used for a wide variety of thermography and imaging applications, including condition monitoring, research and development, manufacturing process control, airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, environmental monitoring and land-based security are used for a wide variety of thermography and imaging applications, including condition monitoring, research and development, manufacturing process control, airborne observation and broadcast, search and rescue, drug interdiction, surveillance and reconnaissance, navigation safety, border and maritime patrol, environmental monitoring and land-based security.

About Extech Instruments Corporation
Extech Instruments Corporation is a privately held corporation whose high-value, handheld test instruments are sold through a network of national catalog houses, regional stocking distributors, and international master distributors. The company has become one of the largest manufacturers and suppliers of test equipment and portable printers and the Extech Instruments brand is highly regarded in many industries where it is recognized are the brand of choice. The company has built an enviable reputation for providing innovative products offering unique and patented designs with features, functions, and reliability at an affordable price.

For further information about the company and its products, call 781-890-7440 or visit the Extech Instruments Web site.


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