SEC Registration Statement To Register The Shares Sold In FARO's November 12, 2003 Private Placement Declared Effective
23 December 2003 - 8:16AM
PR Newswire (US)
SEC Registration Statement To Register The Shares Sold In FARO's
November 12, 2003 Private Placement Declared Effective LAKE MARY,
Fla., Dec. 22 /PRNewswire-FirstCall/ -- FARO Technologies, Inc.
today announced that its Form S-3 registration statement ("S- 3")
relating to the resale by certain shareholders of 1,930,000 shares
of FARO common stock has been declared effective by the Securities
and Exchange Commission. FARO and its founders originally sold the
1,930,000 shares of FARO common stock covered by the S-3 in a
private placement that was announced on November 12, 2002, pursuant
to an exemption from the registration requirements of the
Securities Act of 1933. The placement agent for the private
placement was Robert W. Baird & Co. (Logo:
http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO ) Under the
terms of the private placement, FARO agreed to file the S-3 with
the SEC to register the resale of the shares purchased by the
investors in the private placement. FARO will not receive any
proceeds from the resale of these shares. Now that the S-3 has been
declared effective by the SEC, the investors in the private
placement may resell these shares from time to time in one or more
transactions on the Nasdaq National Market or pursuant to any
method described in the S-3 or any other method permitted by
applicable law. About FARO: FARO Technologies, Inc. (NASDAQ:FARO)
and its international subsidiaries design, develop, and market
software and portable, computerized measurement devices. The
Company's products allow manufacturers to perform three-
dimensional inspections of parts and assemblies on the shop floor.
This helps eliminate manufacturing errors, and thereby increases
productivity and profitability for a variety of industries in
FARO's worldwide customer base. Principal products include the FARO
Gage(TM), Platinum and Titanium FaroArms(R), Control Station(R)
measurement system, the Laser Tracker(R) and a CAM2(R) family of
advanced CAD-based measurement and reporting software. FARO
Technologies is ISO 9001 certified and Guide 25 approved. Learn
more at http://www.faro.com/.
http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO
http://photoarchive.ap.org/ DATASOURCE: FARO Technologies, Inc.
CONTACT: Greg Fraser, EVP & CFO, FARO Technologies, Inc.,
+1-407-333-9911; or Vic Allgeier, The TTC Group, +1-212-227-0997,
for FARO Technologies, Inc. Web site: http://www.faro.com/
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