LAKE MARY, Fla., April 25, 2016 — (PRNewswire) — FARO Technologies, Inc. (NASDAQ: FARO), the world's most trusted source for 3D measurement and imaging with solutions in Metrology, Factory Automation, Product Design, Public Safety and BIM/CIM, announces the launch of the FARO® Factory Robo-Imager product line, a system that combines the FARO Factory Array Imager with a collaborative-robot to provide highly adaptable, safe and automated in- and near-line inspection solutions. FARO's Early Adopter (EA) Program provides leading edge products to qualified customers for limited product introductions. Sign up for the FARO EA Program at: http://www.faro.com/early_adopter/
This product line pairs our newest sensor, the FARO Factory Array Imager, with a human-collaborative robot in two configurations: either a fixed installation or turnkey mobile station. The Robo-Imager fixed installation can be mounted anywhere in the factory and deliver automated measurements while the Robo-Imager Mobile is the same Robo-Imager mounted on an instrumented cart that can be quickly moved to wherever measurement tasks are required.
Launched in January 2016, the FARO Factory Array Imager is a new metrology-grade 3D sensor with blue light technology, capable of quickly capturing high-resolution measurement data for dimensional inspection on parts, assemblies and tools. When coupled with a collaborative-robot, the Robo-Imager provides a turnkey solution to automate the inspection and verification of parts at any location in the production environment.
"The manufacturing world is quickly evolving, with smart factories, LEAN thinking, and emphasis on automation, driving the need to shift quality control and inspection processes closer to the production line," stated Dr. Simon Raab, President and CEO of FARO Technologies. "To that end, FARO is committed to developing new metrology solutions for Factory Automation. The Robo-Imager does just that, moving metrology from the QC lab to the shop floor for improved productivity."
The FARO Factory Robo-Imager, along with all of FARO's 3D measurement hardware and software, are on display this week at the Control international trade fair in Stuttgart, Germany at Stand 3404 in Hall 3. FARO EA Program members in Germany and the Eastern U.S. can order the FARO Factory Robo-Imager now. A general product rollout to the broader market is currently slated for the second half of 2016. Those who have not already registered their interest in the EA Program can do so at: http://www.faro.com/early_adopter/
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.
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.
The Company's global headquarters is located in Lake Mary, FL; its European regional headquarters in Stuttgart, Germany; and its Asia/Pacific regional headquarters 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, Portugal, India, China, Malaysia, Vietnam, Thailand, South Korea, and Japan.
More information is available at http://www.faro.com
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SOURCE FARO Technologies, Inc.
|FARO Technologies, Inc.
Robert Seidel, Vice President, Finance and Investor Relations
Email Contact 1-407-333-9911