FARO Technologies (NASDAQ:FARO)
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FARO Headquarters Dodges Hurricane
LAKE MARY, Fla., Aug. 16 /PRNewswire-FirstCall/ -- FARO Technologies, Inc.
(NASDAQ:FARO) today announced that its headquarters was undamaged, and had
electrical power despite the Orlando area being in the path of Hurricane
Charley. The Company also announced that many of its Florida employees were not
so lucky and had experienced damage to their homes and/or automobiles,
primarily from fallen trees, and were without power and/or water. As a result
the Company's headquarters will be open, but operating at a somewhat reduced
capacity in many departments in order to give our employees with the worst
problems a chance to recover.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO)
"We are extremely grateful that none of our employees or their families were
injured, and our thoughts go out to our neighbors to the southwest of us in
Florida who were much harder hit," said Simon Raab, FARO's President and CEO.
"We expect to experience the worst effects from the hurricane on our Florida
operations this week. If it does not go beyond that, then we expect to be able
to rebound and meet our shipping goals for the quarter."
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 our plans, objectives, projections,
expectations, assumptions, strategies, or future events. 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 "may," "believes,"
"anticipates," "expects," "intends," "plans," "seeks," "estimates," "will,"
"should," "could," "projects," "forecast," and similar expressions or
discussions of our strategy or other intentions identify forward-looking
statements. Other written or oral statements, which constitute forward-looking
statements, also may be made by the Company from time to time. 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 forward-looking statements include, but are not
limited to:
* Our ability to make up for a one week reduction in manufacturing later in the
quarter;
* If the expected one week reduction in manufacturing is longer;
* The other risks detailed in the Company's Annual Report on Form 10-K and
other filings from time to time with the Securities and Exchange Commission.
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.
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), the FARO 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 of FARO Technologies, Inc.,
+1-407-333-9911, or Vic Allgeier of The TTC Group, +1-212-227-0997, for FARO
Technologies, Inc.
Web site: http://www.faro.com/