FARO Technologies (NASDAQ:FARO)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more FARO Technologies Charts. Click Here for more FARO Technologies Charts.](/p.php?pid=staticchart&s=N%5EFARO&p=8&t=15)
FARO Shatters Price Barrier With New Gage & Gage-PLUS
LAKE MARY, Fla., Sept. 7 /PRNewswire-FirstCall/ -- FARO Technologies, Inc.,
the market-share leader in the portable coordinate measurement machine (CMM)
field, announced the release of two new, inexpensive versions of one of its
most popular devices. The FARO Gage and FARO Gage-PLUS will sell for $12,500
and $19,900, respectively, and are intended to empower small machine shops with
3D measurement capabilities not currently available with less- advanced quality
control methods.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO )
"Calipers, height gages, etc., have low initial costs, but it's the hidden,
in-process expense that's costly," FARO CEO and President Simon Raab explained.
"They can't meet the increasing demand for parts-inspection certification data.
The new FARO Gage line provides an affordable solution and an immediate R.O.I.
because of its ease of use, superior data gathering and reporting capability."
The FARO Gage and FARO Gage-PLUS were specifically created for machinists to be
convenient, and intuitive enough for shop-floor personnel to produce faster,
more-accurate results. Setting up in seconds, each is ready to measure right
out of the box so users can inspect parts, molds and assemblies directly on the
machinery producing them. Based on feedback from the first wave of Gage
customers, FARO is offering two different models with accuracy for very high or
intermediate precision applications. In either case the .0004"-accurate FARO
Gage or the .0002"-accurate FARO Gage-PLUS competes well with small fixed CMMS
that are exponentially more expensive and complex. They are also powerful
enough for advanced 3-D measurement and statistical analysis, like GD&T and
SPC. In addition, it automatically records all of the user's measurements and
creates comprehensive reports.
"Basically, it makes a shop more productive and profitable by making their
machinists' jobs more efficient," FARO Hardware Product Manager Shaun Mymudes
said. "They don't have to transcribe numbers -- which is an error-prone process
with other hand-held measurement tools -- or perform any calculations. They'll
have the action-ready data they need to immediately fix their parts and
processes, which decreases downtime and scrap."
Big Dog Motorcycles of Wichita, Kan., uses the .0002"-accurate model to monitor
both 2-D and 3-D properties of hardware. "On incoming parts, we use it to
check things like hole centers and perpendicularity of parts," said BDM Quality
Control Manager Mike Davis. "On assemblies, we check planar relationships, such
as the location of a brake rotor with respect to the caliper. You cannot do
this with mechanical gages because there is no way to recreate the planes that
you are measuring."
The Gage systems come equipped with a tough laptop computer, and can be
customized with a complete line of accessories to best fit a shop's needs. The
new CMMs will be available for demonstrations at IMTS in Chicago, September 8-
15, as well as the Gage Tour events being held in major manufacturing cities
around the world. Dates and information are available at http://www.faro.com/ .
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
Technologies, Inc., +1-407-333-9911, ext. 1137, or
Web site: http://www.faro.com/
http://www.faro.com/Newsroom/Image_Gallery.asp