FLIR - Why Shares of FLIR Systems Are Up Today
Shares of FLIR Systems (NASDAQ: FLIR) gained more than 14% on Monday after news broke that Amazon.com is using FLIR thermal cameras at its warehouses to screen for workers who might have fevers, a tell-tale symptom of COVID-19. Screening is a huge potential market for FLIR's equipment, and Amazon's use is viewed as a strong endorsement of the company's tech.
FLIR's cameras, which measure the amount of heat emitted by an object relative to its surroundings, are in use at Amazon warehouses in Los Angeles and Seattle, according to a Reuters report. The cameras, according to the report, are seen as superior to forehead thermometers because they require less time and less contact.
Image source: FLIR Systems.