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FARO FARO Technologies Inc

18.23
0.89 (5.13%)
Last Updated: 20:53:58
Delayed by 15 minutes
Share Name Share Symbol Market Type
FARO Technologies Inc NASDAQ:FARO NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.89 5.13% 18.23 18.22 18.25 18.25 17.60 17.60 165,257 20:53:58

FARO Gage Heats up Market With Summer 'Concert Tour'

26/05/2004 8:54pm

PR Newswire (US)


FARO Technologies (NASDAQ:FARO)
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FARO Gage Heats up Market With Summer 'Concert Tour' LAKE MARY, Fla., May 26 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (NASDAQ:FARO), the market-share leader in the portable coordinate measurement machine (CMM) field, announced it is ramping up production of the FARO Gage in order to meet increasing demand. The effort coincides with the Company's Gage "concert tour," a country-wide effort to show manufacturing facilities the immediate and lasting positive impact the device can have on productivity and profitability -- especially compared to the hand-held measurement devices widely used today. (Logo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO ) FARO CEO and President Simon Raab made this comparison: "Would someone produce an annual report using a typewriter, then correcting mistakes with Wite-Out(TM)? Of course not. That method was replaced by the PC, which made those errors unacceptable. It's the same with manufacturing measurement. The FARO Gage replaces the outdated, two-dimensional hand-tool method, so the goal of our 'concert tour' is to provide a fun forum in which to educate manufacturers how it is the cost-effective way to meet the industry's growing demand for quality and accountability." Members of the media, machinists and QC managers who attend one of the events on the tour receive Gage-themed concert t-shirts, demo DVDs, a chance to win $100 credit on TicketMaster for the concert of their choosing, and more. Local classic rock radio stations will hold live remote broadcasts of some events, and attendees can bring actual parts from their facilities to measure with the Gage, then e-mail the reports. The .0002"-accurate FARO Gage represents the culmination of two decades of R&D with more than 10 new pending patents for innovations in accuracy, reliability and ease of use. It was created specifically to be convenient, fast and intuitive enough for machinists and other shop-floor personnel to use. Its magnetic mount (a vacuum mount is optional) allows machinists to measure parts and assemblies directly on the machinery producing them, and is also accurate and powerful enough for advanced measurement and statistical analysis like GD&T and SPC. "One of the capabilities we'll demonstrate during the tour is how other gages restrict the user to single directions, but the FARO Gage's 3-D Caliper feature enables users to quickly perform offset checks in three dimensions from the original measurement point," said FARO Hardware Product Manager Shaun Mymudes. "That brings GD&T capability to the shop floor, which is unheard of for such an inexpensive portable CMM." In addition, the FARO Gage automatically records all of the user's measurements and creates comprehensive reports. It is internally counterbalanced for "neutral buoyancy" and fatigue-free usage. Overload sensors prevent users from stressing the arm and help ensure precise measurement, making it "the only arm with feeling." Manufacturers can call 800-736-0234 to see if the Gage tour is coming to their area. Tour cities and dates will be continually updated on http://www.faro.com/ as of May 31, 2004. Download 300dpi images for this release at http://www.faro.com/Newsroom/Image_Gallery.asp 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 3-D 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 Laser ScanArm, FARO Gage, Platinum and Titanium FaroArms, Control Station measurement system, the FARO Laser Tracker, the Advantage FaroArm and Advantage Tracker, and a CAM2 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: Darin Sahler, Global Public Relations Officer, FARO, +1-407-333-9911, ext. 1137, or Web site: http://www.faro.com/ http://www.faro.com/Newsroom/Image_Gallery.asp

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