FARO(R) Announces Acquisition of Open Technologies

PR74402

LAKE MARY, Florida, July 16, 2018 /PRNewswire=KYODO JBN/ --

- Extends 3D Capabilities Into Dental and Across a Variety of Design Driven

Industries

FARO(R) (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.

Logo - https://mma.prnewswire.com/media/95369/faro_technologies__inc__logo.jpg

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

SOURCE  FARO Technologies, Inc.

CONTACT: Robert Gourdine, Vice President of Global Marketing,

Robert.Gourdine@faro.com