LAKE MARY, Fla., May 16, 2016 — FARO Technologies, Inc. (NASDAQ: FARO), the world’s most trusted source for 3D measurement and imaging solutions for Metrology, Factory Automation, Product Design, Public Safety and BIM/CIM, announces the launch of the FARO® Design ScanArm, a portable 3D scanning solution tailored for 3D modeling, reverse engineering, and CAD-based design applications across the product lifecycle management (PLM) process.
As a limited-time promotional offer, the FARO Design ScanArm will be bundled with 3D System’s® Geomagic® software at a reduced launch price. The available software options have capabilities that range from an automatic meshing software that delivers ready-to-use files without any post-processing to a full-featured reverse engineering software that combines history-based CAD with 3D scan data to create feature-based, editable solid models compatible with all major CAD platforms.
“The FARO Design ScanArm was purposefully-engineered to meet the needs of the Product Design market,” stated Dr. Simon Raab, President and CEO of FARO Technologies. “By combining FARO’s best-in-class 3D scanning technology with 3D System’s Geomagic software offerings, the Design ScanArm provides a turnkey solution that allows users to quickly digitize any part or object, easily design or modify reverse engineered models, create manufacturing-ready CAD models, and verify design intent of prototype products.”
The FARO Design ScanArm features optically-superior blue laser technology with fast scanning speed to deliver high-resolution point cloud data and the ability to seamlessly scan challenging materials without the need for spray or targets. The device is lightweight and maneuverable for convenient desktop mounting in the design studio or engineering lab. The Design ScanArm features a simplified user interface that makes it easy to operate regardless of skill level or 3D scanning experience.
Dr. Raab added, “Through a deep understanding of our customers’ workflows we can ensure that FARO’s solutions are optimized for application-specific demands and, as such, our customers are not forced to pay for features that do not add value to their processes. It is this engineering philosophy that allows the Design ScanArm to be aggressively priced for rapid return on investment without sacrificing any required technical capability.”
The FARO Design ScanArm is the ideal 3D scanning solution for any organization that may have the need to manufacture parts without existing CAD models, develop aftermarket products that need to fit tightly with existing products, reverse engineer legacy parts for design changes or replacement, create digital libraries to decrease inventory and warehouse costs, design aesthetically pleasing, freeform surfaces, or leverage the power of rapid prototyping.
To learn more about the FARO Design ScanArm, along with all of FARO’s 3D measurement hardware and software, please visit FARO at the 2016 RAPID Conference in Orlando, Florida at booth 111. Additionally, you can request a promotional price quote for the FARO Design ScanArm hardware-software combinations by visiting http://www.faro.com/en-us/products/3d-documentation/faro-design-scanarm.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties, such as statements about demand for and customer acceptance of FARO’s products, and FARO’s product development and product launches. Statements that are not historical facts or that describe the Company’s plans, objectives, projections, expectations, assumptions, strategies, or goals are forward-looking statements. In addition, words such as “is,” “will” and similar expressions or discussions of FARO’s plans or other intentions identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to various known and unknown risks, uncertainties, and other factors that may cause actual results, performances, or achievements to differ materially from future results, performances, or achievements expressed or implied by such forward-looking statements. Consequently, undue reliance should not be placed on these forward-looking statements.
Factors that could cause actual results to differ materially from what is expressed or forecasted in such forward-looking statements include, but are not limited to:
development by others of new or improved products, processes or technologies that make the Company’s products less competitive or obsolete;
the Company’s inability to maintain its technological advantage by developing new products and enhancing its existing products;
declines or other adverse changes, or lack of improvement, in industries that the Company serves or the domestic and international economies in the regions of the world where the Company operates and other general economic, business, and financial conditions; and
other risks detailed in Part I, Item 1A. Risk Factors in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.
Forward-looking statements in this release represent the Company’s judgment as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, unless otherwise required by law.
About FARO
FARO is the world’s most trusted source for 3D measurement, imaging and realization technology. The Company develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes.
FARO’s global headquarters are located in Lake Mary, Florida. The Company also has a new technology center and manufacturing facility consisting of approximately 90,400 square feet located in Exton, Pennsylvania containing research and development, manufacturing and service operations of our FARO Laser Tracker™ and FARO Cobalt Array 3D Imager product lines. The Company’s European regional headquarters is located in Stuttgart, Germany and its Asia Pacific regional headquarters is located in Singapore. FARO has other offices in the United States, Canada, Mexico, Brazil, Germany, the United Kingdom, France, Spain, Italy, Poland, Turkey, the Netherlands, Switzerland, India, China, Malaysia, Vietnam, Thailand, South Korea, and Japan.
