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FLIR SYSTEMS INC. FILES FOR INITIAL PUBLIC OFFERING OF 2,300,000 SHARES OF COMMON STOCK

 PORTLAND, Ore., May 13 /PRNewswire/ -- FLIR Systems Inc. (FLIR) announced today that it has filed with the Securities and Exchange Commission a registration statement for an initial public offering of 2,300,000 shares of its common stock. FLIR intends to sell 900,000 shares and existing shareholders intend to sell 1,400,000 shares. Hambrecht & Quist Inc. and Oppenheimer & Co. Inc. will manage the offering, which is expected to occur in late June. The offering price is currently expected to be between $10 and $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.
 A registration statement relating to the shares has been filed with the Securities and Exchange Commission but has not yet become effective. The shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. All offers and sales will be made through the use of a prospectus.
 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- 5/13/93
 /CONTACT: James A. Fitzhenry of FLIR Systems, 503-684-3731/


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

LM -- SE005 -- 7919 05/13/93 08:32 EDT
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Publication:PR Newswire
Date:May 13, 1993
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