SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

Amendment No. 2

INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934

FARO Technologies, Inc.
(NAME OF ISSUER)

Common Stock, $0.001 par value
(TITLE OF CLASS OF SECURITIES)

311642102
(CUSIP NUMBER)

December 31, 2007
(Date of Event which requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)

(Page 1 of 13 Pages)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 311642102 13G/A Page 2 of 13 Pages


-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Highway Partners, L.P.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 11,200
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 11,200
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 11,200
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.07%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 311642102 13G/A Page 3 of 13 Pages


-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Thruway Partners, L.P.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 58,900
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 58,900
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 58,900
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.36%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 311642102 13G/A Page 4 of 13 Pages


-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Expressway Partners Master Fund, Ltd.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 177,300
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 177,300
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 177,300
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 1.07%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 CO
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 311642102 13G/A Page 5 of 13 Pages


-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Motorway Partners Master Fund, Ltd.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 13,250
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 13,250
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 13,250
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.07%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 CO
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 311642102 13G/A Page 6 of 13 Pages


-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Principled Capital Management, L.L.C.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 70,100
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 70,100
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 70,100
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.42%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 OO
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 311642102 13G/A Page 7 of 13 Pages


-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Principled Asset Administration, L.L.C.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 260,650
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 260,650
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 260,650
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 1.57%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 OO, IA
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 311642102 13G/A Page 8 of 13 Pages


-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 S.S. OR I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSON
 Gerald C. Catenacci
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [x]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Canada and United States
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 260,650
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 260,650
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 260,650
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 1.57%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No. 311642102 13G/A Page 9 of 13 Pages

ITEM 1(a). NAME OF ISSUER:

 The name of the issuer is FARO Technologies, Inc. (the "Company").

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
 125 Technology Park, Lake Mary, Florida 37246

ITEM 2(a). NAME OF PERSON FILING:

 This statement is filed by:

 (i) Highway Partners, L.P. ("Highway"), a Delaware limited partnership,
with respect to the shares of Common Stock (defined in Item 2(d) below) directly
owned by it;

 (ii) Thruway Partners, L.P. ("Thruway"), a Delaware limited
partnership, with respect to the shares of Common Stock directly owned by it;

 (iii) Expressway Partners Master Fund, Ltd. ("Expressway"), a Cayman
Islands exempted company, with respect to the shares of Common Stock directly
owned by it;

 (iv) Motorway Partners Master Fund, Ltd. ("Motorway"), a Cayman Islands
exempted company, with respect to the shares of Common Stock directly owned by
it;

 (v) Principled Capital Management, L.L.C. ("PCM"), a Delaware limited
liability company, which is the general partner of Highway and Thruway, with
respect to the Common Stock directly owned by Highway and Thruway;

 (vi) Principled Asset Administration, L.L.C. ("PAA"), a Delaware
limited liability company, which is the investment adviser to Highway, Thruway,
Expressway and Motorway, with respect to the Common Stock directly owned by
Highway, Thruway, Expressway and Motorway; and

 (vii) Gerald C. Catenacci ("Mr. Catenacci"), the managing member of PCM
and PAA, with respect to the Common Stock directly owned by Highway, Thruway,
Expressway and Motorway.

 The foregoing persons are hereinafter sometimes collectively referred
to as the "Reporting Persons". Any disclosures herein with respect to persons
other than the Reporting Persons are made on information and belief after making
inquiry to the appropriate party.

ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE:

 The address of the business office of Highway, Thruway, PCM, PAA and
Mr. Catenacci is 666 Fifth Avenue, 37th Floor, New York, New York 10103.

 The address of the registered office of Expressway and Motorway is
Walkers SPV Limited, Walker House, 87 Mary Street, George Town, Grand Cayman,
KY1-9002, Cayman Islands.

ITEM 2(c). CITIZENSHIP:

 Highway and Thruway are Delaware limited partnerships. Expressway and
Motorway are Cayman Islands exempted companies. PCM and PAA are Delaware limited
liability companies. Mr. Catenacci has citizenship in Canada and the United
States.

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $0.001 par value
 ("Common Stock")

ITEM 2(e). CUSIP NUMBER: 311642102

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-
 2(b), CHECK WHETHER THE PERSON FILING IS A:

 (a) [ ] Broker or dealer registered under Section 15 of the Act


CUSIP No. 311642102 13G/A Page 10 of 13 Pages


 (b) [ ] Bank as defined in Section 3(a)(6) of the Act

 (c) [ ] Insurance Company as defined in Section 3(a)(19) of the
 Act

 (d) [ ] Investment Company registered under Section 8 of the
 Investment Company Act

 (e) [ ] Investment Adviser registered under Section 203 of the
 Investment Advisers Act of 1940

 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to
 the provisions of the Employee Retirement Income Security
 Act of 1974 or Endowment Fund; see Rule 13d- 1(b)(1)(ii)(F)

 (g) [ ] Parent Holding Company, in accordance with Rule 13d-
 1(b)(ii)(G); see item 7

 (h) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(H)

IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(c) CHECK THIS BOX. [X]

ITEM 4. OWNERSHIP.

A. Highway
 (a) Amount beneficially owned: 11,200
 (b) Percent of class: 0.07% The percentages used herein and in the
 rest of Item 4 are calculated based the 16,581,893 shares of
 Common Stock issued and outstanding as of October 25, 2007 as
 reflected in the issuer's Form 10-Q filed November 2, 2007.
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 11,200
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 11,200

B. Thruway
 (a) Amount beneficially owned: 58,900
 (b) Percent of class: 0.36%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 58,900
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 58,900


C. Expressway
 (a) Amount beneficially owned: 177,300
 (b) Percent of class: 1.07%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 177,300
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 177,300


D. Motorway
 (a) Amount beneficially owned: 13,250
 (b) Percent of class: 0.07%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 13,250
 (iii) Sole power to dispose or direct the disposition: -0-


CUSIP No. 311642102 13G/A Page 11 of 13 Pages

 (iv) Shared power to dispose or direct the disposition: 13,250

E. PCM*
 (a) Amount beneficially owned: 70,100
 (b) Percent of class: 0.42%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 70,100
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 70,100

F. PAA**
 (a) Amount beneficially owned: 260,650
 (b) Percent of class: 1.57%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 260,650
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 260,650

G. Mr. Catenacci***
 (a) Amount beneficially owned: 260,650
 (b) Percent of class: 1.57%
 (c) (i) Sole Power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 260,650
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 260,650

* PCM, as the general partner of Highway and Thruway, may be deemed to be the
beneficial owner of the Common Stock directly owned by Highway and Thruway. PCM
disclaims beneficial ownership of the Common Stock reported herein.

** PAA, as the investment adviser of Highway, Thruway, Expressway and Motorway,
may be deemed to be the beneficial owner of the Common Stock directly owned by
Highway, Thruway, Expressway and Motorway. PAA disclaims beneficial ownership
of the Common Stock reported herein.

*** Mr. Catenacci, as the managing member of PCM and PAA with investment power
and voting power, may be deemed to be the beneficial owner of the Common Stock
directly owned by Highway, Thruway, Expressway and Motorway. Mr. Catenacci
disclaims beneficial ownership of the Common Stock reported herein.

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
 If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [x].

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
 Not applicable.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
 THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
 Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
 See item 2.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
 Not applicable.


CUSIP No. 311642102 13G/A Page 12 of 13 Pages


ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(b))

 By signing below the undersigned certify, to the best of their
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business, were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purposes or effect.


 SIGNATURES

 After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.


DATED: as of February 14, 2008


 HIGHWAY PARTNERS, L.P.
 BY: PRINCIPLED ASSET ADMINISTRATION, L.L.C.
 INVESTMENT ADVISER
 BY: /s/ GERALD C. CATENACCI
 -----------------------
 Gerald C. Catenacci
 Managing Member


 THRUWAY PARTNERS, L.P.
 BY: PRINCIPLED ASSET ADMINISTRATION, L.L.C.
 INVESTMENT ADVISER
 BY: /s/ GERALD C. CATENACCI
 -----------------------
 Gerald C. Catenacci
 Managing Member


 EXPRESSWAY PARTNERS MASTER FUND, LTD.
 BY: PRINCIPLED ASSET ADMINISTRATION, L.L.C.
 INVESTMENT ADVISER
 BY: /s/ GERALD C. CATENACCI
 -----------------------
 Gerald C. Catenacci
 Managing Member



 MOTORWAY PARTNERS MASTER FUND, LTD.
 BY: PRINCIPLED ASSET ADMINISTRATION, L.L.C.
 INVESTMENT ADVISER
 BY: /s/ GERALD C. CATENACCI
 -----------------------
 Gerald C. Catenacci
 Managing Member


 PRINCIPLED CAPITAL MANAGEMENT, L.L.C.
 BY: /s/ GERALD C. CATENACCI
 -----------------------
 Gerald C. Catenacci
 Managing Member


CUSIP No. 311642102 13G/A Page 13 of 13 Pages


 PRINCIPLED ASSET ADMINISTRATION, L.L.C.
 BY: /s/ GERALD C. CATENACCI
 -----------------------
 Gerald C. Catenacci
 Managing Member



 GERALD C. CATENACCI, INDIVIDUALLY
 BY: /s/ GERALD C. CATENACCI
 -----------------------
 Gerald C. Catenacci

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