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|Articles - September 2010|
|Friday, August 20, 2010|
Recent disasters around the world have helped boost the fortunes of FLIR Systems, the Wilsonville-based manufacturer of thermal imaging cameras used in the private and government sectors.
Thermal imaging cameras manufactured by FLIR were in the hands of oil recovery workers at the BP oil spill in May. Thermal imaging allows the workers to see oil on the surface of the water during rough sea conditions.
In Iceland, FLIR’s cameras were used by geological researchers to view the eruption of a volcano.
“[Thermal imaging] brings a lot of new possibilities to analysis capability,” says Andy Teich, president of FLIR’s Commercial Systems Division, which generates more than $700 million of the company’s annual revenue of $1.2 billion.
FLIR’s Government Systems Division is also busy. In July, a $5.4 million order was placed by U.S. Customs and Border Protection. A similar order for $14.1 million was placed by STARA Technologies. These cameras will be used by U.S. Army personnel in Afghanistan. The cameras can see 15 to 20 km during the day or night, which is important for security operations of any type, Teich says. FLIR acquired ICx Technologies of Arlington, Va., for $274 million in late August.
FLIR’s purchase of Raymarine, a marine electronics company based in the United Kingdom, in May added $27.2 million in revenue, which accounted for more than half of the 19% increase between the second quarter of 2010 and the second quarter of 2009. The acquisition of Raymarine took their employee count to almost 2,000. FLIR’s new manufacturing and research facility located in Santa Barbara, Calif., will be operational in 2013. “We expect the company to grow 15% per year,” Teich says.
FLIR gets approximately 35% of its total revenue from government contracts. The rest is commercial sales, and the domestic and international market is almost equally split.
The need for infrared cameras has expanded past the military. Thermal imaging technology will probably take a path similar to GPS technology, Teich says. “Someday you will probably have a thermal camera in your cell phone.”
Thursday, August 13, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.
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BY CHRIS NOBLE
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Wednesday, September 30, 2015
BY KIM MOORE
Oregon Business magazine’s seventh annual 100 Best Nonprofits to Work For project attracted more than 150 nonprofits from around the state from a variety of sectors, including social services and environmental advocacy. More than 5,000 employees and volunteers filled out the survey, rating their satisfaction with work environment, mission and goals, career development and learning, benefits and compensation, and management and communications.
Thursday, August 27, 2015
BY LINDA BAKER
How do you put a baby on the cover of a business magazine without it looking too cutesy?
Wednesday, August 26, 2015
BY LINDA BAKER
A new co-working model disrupts office sharing, child care and work-life balance as we know it.
Monday, September 28, 2015
BY BEN DEJARNETTE
Controversial track star Nick Symmonds is leveraging his celebrity to grow a performance chewing-gum brand. Fans hail his marketing ploys as genius. Critics dub them shameless.
Monday, September 28, 2015
BY JACOB PALMER
Live, Work Play with the President and CEO of Tillamook County Creamery Association.
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