(NASDAQ: IRBT)
iRobot is a leading edge product development company specializing in Autonomous Robotics, Artificial Intelligence, Man/Machine Interfaces, and Micro Robotics. Spun out of MIT’s Computer Science and Artificial Intelligence Lab, the Company develops robotic solutions for commercial applications that leverage proprietary core technologies. These technologies are exciting and valuable because they enable the development of products that would not otherwise be possible, meet the technological requirements for a number of emerging markets, and provide a sustainable competitive advantage in many markets. Major industry players have entered into partnerships with iRobot in order to incorporate these new technologies into their domains rapidly, cost-effectively, and with low technical risk.