Extends 3D Capabilities Into Dental and Across a Variety of
Design Driven Industries
LAKE MARY, Florida,
July 16, 2018 /PRNewswire/
-- FARO® (NASDAQ: FARO), the world's most trusted
source for 3D measurement and imaging solutions for factory
metrology, construction BIM, product design, public safety
forensics, and 3D machine vision applications announces the
acquisition of Opto-Tech s.r.l. and its subsidiary Open
Technologies, s.r.l.
Located in Brescia, Italy, Open
Technologies offers a rich portfolio of compact, 3D structured
light scanning solutions that specifically enable dentists, dental
technicians and orthopedics to leverage the 3D world for the
creation of crowns, implants and prosthesis.
Additionally, Open Technologies offers an integrated suite of
industrial products that dramatically reduce time and effort across
a variety of product design and inspection applications that
include reverse engineering, heritage preservation, product
visualization and dimensional measurement. These solutions
comprehensively address a variety of market segments including
Automotive, Aerospace, Computer Graphics, Furniture, Fashion Design
and Public Safety.
"Open Technologies proven core competency in compact, 3D
structured light scanning solutions aligns perfectly with our
strategic direction," stated Dr. Simon
Raab, FARO's President and CEO. "We continue to take a
leadership position in the integration of visionary 3D technology
as a core solution requirement across the breadth of industries
where design or reconstruction is considered critical."
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
for the following vertical markets:
- Factory Metrology - High-precision 3D measurement, imaging and
comparison of parts and complex structures within production and
quality assurance processes
- Construction BIM - 3D capture of as-built construction projects
and factories to document complex structures and perform quality
control, planning and preservation
- Public Safety Forensics - Capture and analysis of on-site real
world data to investigate crash, crime and fire, plan security
activities and provide virtual reality training for public safety
personnel
- Product Design - Capture detailed and precise 3D data from
existing products permitting CAD analysis and redesign, after
market design and legacy part replication
- 3D Machine Vision - 3D vision for both control and measurement
to the manufacturing floor through 3D sensors and custom
solutions
FARO's global headquarters is located in Lake Mary, Florida. The Company also has
a 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 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, Thailand, South
Korea, Japan, and
Australia.
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, 2017 and in Part II,
Item 1A. Risk Factors in the Company's Quarterly Report on Form
10-Q for the quarter ended March 31,
2018.
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.
More information is available at http://www.faro.com
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