FARO Named to Forbes' List of America's 25 Fastest-Growing Tech Companies
30 January 2008 - 6:09AM
PR Newswire (US)
LAKE MARY, Fla., Jan. 29 /PRNewswire-FirstCall/ -- FARO
Technologies, Inc. (NASDAQ:FARO), the world leader in portable
computer-aided measurement hardware and software, has been named to
Forbes Magazine's list of America's 25 Fastest-Growing Tech
Companies. "It is truly an honor to be listed among industry
powerhouses like Google, Red Hat, and Adobe," FARO President and
CEO Jay Freeland said. "The credit goes to all of our employees
around the world. It's their hard work and never- ending passion
for FARO that drives our results and ultimately, the opportunity to
be recognized like this." In order to make the Forbes list,
companies must have: -- At least 10% annualized sales gains over
the past five years -- Profitability over the past 12 months -- At
least $25 million in sales over the past four quarters -- Thomson
IBES consensus earnings forecasts of at least 10% annualized
earnings growth over the next three to five years Companies with
significant legal problems, or with possible accounting or
corporate governance issues, based upon guidance provided by Audit
Integrity of Los Angeles, are disqualified. Freeland concluded:
"FARO's global teams give us our competitive edge. As we grow our
revenues and expand our operations, we will continue to hire the
best and brightest in order to make our customers products and
processes the best in the world, and to ensure we maintain our
leadership position in this market." For the complete listing and
more details on FARO, visit http://www.faro.com/Top25. About FARO
With more than 14,600 installations and 7,000 customers globally,
FARO Technologies, Inc. designs, develops, and markets portable,
computerized measurement devices and software used to create
digital models -- or to perform evaluations against an existing
model -- for anything requiring highly detailed 3-D measurements,
including part and assembly inspection, factory planning and asset
documentation, as well as specialized applications ranging from
surveying, recreating accident sites and crime scenes to digitally
preserving historical sites. FARO's technology increases
productivity by dramatically reducing the amount of on-site
measuring time, and the various industry-specific software packages
enable users to process and present their results quickly and more
effectively. Principal products include the world's best-selling
portable measurement arm -- the FaroArm; the world's best-selling
laser tracker -- the FARO Laser Tracker; the FARO Laser ScanArm;
FARO Laser Scanner LS; the FARO Gage, Gage- PLUS and PowerGAGE; and
the CAM2 family of advanced CAD-based measurement and reporting
software. FARO Technologies is ISO-9001 certified and ISO-17025
laboratory registered. Learn more at http://www.faro.com/
DATASOURCE: FARO Technologies, Inc. CONTACT: Darin Sahler, Global
PR Manager of FARO Technologies, Inc., +1-407-333-9911, Web site:
http://www.faro.com/ http://www.faro.com/Top25
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