FARO Technologies (NASDAQ:FARO)
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FARO to Aggressively Pursue Options Following District Court
Ruling for Cimcore
LAKE MARY, Fla., July 12 /PRNewswire-FirstCall/ -- FARO Technologies, Inc.
(NASDAQ:FARO) today announced that the Federal District Court for the Southern
District of California in the action entitled "Cimcore Corporation et al v.
FARO Technologies, Inc." (Civil Action No. 03CV2355B) issued an order granting
the Plaintiff's Motion for Summary Judgment of Infringement. This order finds
that FARO has infringed certain claims (which apply to only minor features of
the FARO Arm) of U.S. Patent 5,829,148 ('148 patent) and stems from a patent
infringement suit filed November 25, 2003, by Cimcore -- Romer against FARO.
In that lawsuit, FARO has claimed that it does not infringe the '148 patent and
that the '148 patent is invalid.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO )
The District Court has not yet ruled on FARO's allegation that the '148 patent
is invalid. In addition, the U.S. Patent and Trademark Office ("PTO") has
granted FARO's request that the '148 patent be reexamined based on what FARO
considers to be invalidating prior art. In the event that either the District
Court or the PTO rules that the '148 patent is invalid, then there can be no
liability by FARO for patent infringement.
FARO is disappointed in the Court's ruling and continues to believe that
certain minor features of its line of CMM arms do not infringe the '148 patent.
Simon Raab, FARO's CEO, emphasized that "FARO will continue to vigorously
litigate this case with respect to both the invalidity of the '148 patent and,
if necessary, file an appropriate appeal to the Federal Circuit."
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," "target," "goal," 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.
A factor that could cause actual results to differ materially from what is
expressed or forecasted in forward-looking statements includes, but is not
limited to:
* Our inability to overturn the announced ruling either on appeal or by
invalidating the '148 patent
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 and Gage-Plus(TM), Platinum and
Titanium model FARO Arms(R), SI and X model FARO Laser Trackers(R) , Laser
Scanner LS 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, 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/