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FLIR SYSTEMS INC. ANNOUNCES COMPLETION OF INITIAL PUBLIC OFFERING OF 2,300,000 SHARES OF COMMON STOCK

 PORTLAND, Ore., June 22 /PRNewswire/ -- FLIR Systems Inc. (NASDAQ: FLIR) announced today the completion of the initial public offering of 2,300,000 shares of its common stock, of which 900,000 shares were sold by the company and 1,400,000 shares were sold by existing shareholders. Hambrecht & Quist Inc. and Oppenheimer & Co. Inc. managed the offering. The offering price of the shares was $12 per share.
 FLIR designs, manufactures and markets thermal imaging systems for a wide variety of applications in the night vision and industrial markets. FLIR is the leading supplier of thermal imaging night vision products to the emerging worldwide public safety market, which includes a variety of applications in law enforcement and drug interdiction, search and rescue, border and maritime patrol and environmental protection. The company also sells its night vision products for selected applications in the defense market.
 In addition, the company sells its industrial products for use in a broad range of commercial applications, including predictive and preventive maintenance, non-destructive testing and evaluation, research and development, and manufacturing process control and monitoring.
 FLIR expects to use the net proceeds from this offering to fund working capital requirements and for general corporate purposes.
 Copies of the prospectus relating to the offering may be obtained from Hambrecht & Quist Inc., One Bush Street, San Francisco, CA 94104, or 235 Park Ave., 21st Floor, New York, NY 10169, or from Oppenheimer & Co. Inc., Prospectus Department, Oppenheimer Tower, World Financial Center, New York, NY 10281.
 -0- 6/22/93
 /CONTACT: James A. Fitzhenry of FLIR Systems, 503-684-3731/
 (FLIR)


CO: FLIR Systems Inc. ST: Oregon IN: SU: OFR

SW-JH -- SE006 -- 4608 06/22/93 13:36 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
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