FARO 7% Workforce Cut to Save $4.5M

LAKE MARY, FL, Feb 20, 2009 - FARO Technologies, Inc. (Nasdaq: FARO) today announced a global reduction in force driven by ongoing economic weakness and a continued lack of near-term visibility for the business.

The reduction, effective immediately, affects approximately 7% of FARO's workforce with the largest cuts coming from manufacturing and administrative functions. The Company expects to save approximately $4.5 million on an annualized basis and will incur a first quarter charge of approximately $0.5 million related to severance costs.

"Today's announcement is the result of taking a regrettable but necessary step towards protecting the continued long-term health of the business," stated Jay Freeland, FARO's President & CEO. "Global economic weakness remains a significant challenge for most companies and FARO is no exception. Our decision to make these cuts now reflects the reality of the business environment. However, it does not alter the long-term outlook for FARO," Freeland concluded.

About FARO

With approximately 19,000 installations and 9,000 customers globally, FARO Technologies, Inc. designs, develops, and markets portable, computerized measurement devices and software used to create digital models -- or to perform evaluations against an existing model -- for anything requiring highly detailed 3-D measurements, including part and assembly inspection, factory planning and asset documentation, as well as specialized applications ranging from surveying, recreating accident sites and crime scenes to digitally preserving historical sites.

FARO's technology increases productivity by dramatically reducing the amount of on-site measuring time, and the various industry-specific software packages enable users to process and present their results quickly and more effectively.

Principal products include the world's best-selling portable measurement arm -- the FaroArm; the world's best-selling laser tracker -- the FARO Laser Tracker X and Xi; the FARO Laser ScanArm; FARO Photon Laser Scanners; the FARO Gage, Gage-PLUS and PowerGAGE; and the CAM2 Q family of advanced CAD-based measurement and reporting software. FARO Technologies is ISO-9001 certified and ISO-17025 laboratory registered.

For more information, visit www.faro.com.

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Apr 7 - FARO Announces 14% Workforce Cut to Save $7.4M
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Source: Material used in press releases is often supplied by external sources and used as is.