FARO Offers Technology Test Drive Program
Program Responds to Customer Feedback to "Help Get the Manufacturing Process
Moving Again"
 LAKE
MARY, FL, Apr 24, 2009 - Hoping "to help get the manufacturing
process moving again," FARO Technologies (Nasdaq: FARO) has unveiled
a Technology Test Drive program it says will put the company's
leading-edge 3D measurement devices on customers' shop floors
without capital expense and help them implement necessary technology
to remain competitive during these difficult economic times.
The program makes FARO's entire line of portable 3D measurement and imaging
devices available to customers over a four-month period for a monthly fee as low
as $2,000 with 100 percent of that fee applied to the purchase at the end of the
test drive, after which FARO will replace the test driven unit with a brand new
device. As well, the fee includes unlimited training throughout the test drive
to assure that the customer's employees are able to fully integrate the
technology into their business process. In the event the customer cannot fully
justify the technology, they can simply return it at the end of the four months.
"Our regional managers have heard from customers throughout all industries
that they need our technology to help win contracts, but without those orders
they are hard-pressed to commit the resources to buy essential measurement
tools," said FARO Technologies Senior Vice President & Managing Director for the
Americas, David Morse. "Call it a Technology Test Drive or call it a risk-free
program, but if we can help them be competitive and win as well as maintain
essential contracts it is good for our customers, for FARO and certainly very
good for the economy as a whole."
Companies like Harrisburg, PA-based Plouse Precision Manufacturing have
already expressed significant interest in the program. "Traditionally, we have
manufactured components that have a fairly small footprint and are easily
inspected with our existing technology, but we currently have an opportunity to
submit prototypes for much larger parts that are perfectly suited for the
FaroArm," said Plouse President Dale Seitz. "The Technology Test Drive program
will allow us to supply these prototypes to our customer with all the inspection
data they require, without having to commit to a full purchase until we secure a
contract from that customer."
FARO has received additional interest in this type of program from customers
such as Seitz, and Morse said "if this program only helps a small community of
customers gain the ability to implement much needed technology I will call it a
success."
FARO designs, develops and markets portable measurement devices and software
used to create digital models or to perform evaluations against existing models
for anything requiring highly detailed 3D measurements. FARO's devices include:
the FaroArm; the world's best-selling laser tracker - the FARO Laser Tracker X
and Xi; the FARO Laser ScanArm; FARO Laser Scanner; the FARO Gage, GagePlus and
PowerGage; and, the CAM2 family of advanced CAD-based measurement and reporting
software, target an enormous range of industries. Industries with particularly
large applications include automotive and aerospace manufacturers and their Tier
One suppliers, machine tool shops, engineering firms and those who rely on
industrial machinery.
The tools are used everywhere from mega manufacturing facilities to small and
medium-sized machine shops in cities across the country. FARO products have been
purchased by approximately 9,000 customers worldwide, ranging from small machine
shops to such large manufacturing and industrial companies as Audi, Bell
Helicopter, Boeing, British Aerospace, Caterpillar, DaimlerChrysler, General
Electric, General Motors, Honda, Johnson Controls, Komatsu Dresser, Lockheed
Martin, Nissan, Siemens and Volkswagen, among many others.
"We need to get the manufacturing process moving again," said Pete Edmonds,
vice president of sales for the Americas Division. "We could have taken a
different approach, but this is the fastest way to get critical technology in
the hands of companies that are telling us they have to have these tools to
continuously improve their products and processes. This program lets our
customers bring in the technology they need, test it in a real-world application
and then fully integrate the right solution into their process."
Here's how it works:
For a small monthly fee, FARO will install the appropriate technology
solutions and provide set up and initial on-site training (along with unlimited
training at a FARO training facility) for a four-month period. At the end of the
program, customers have the option of applying their full investment toward the
purchase and installation of brand new equipment or returning the equipment with
no further obligation.
For more information on the FARO Technology Test Drive program visit
www.testdrive.faro.com., call (888)
660-0146 (toll free) or (407) 562-5179 (local).
About FARO
FARO (NASDAQ: FARO) develops and markets computer-aided coordinate
measurement devices and software. Portable equipment from FARO permits
high-precision 3D measurement and comparison of parts and compound structures
within production and quality assurance processes. The devices are used for
inspecting components and assemblies, production planning, inventory
documentation, as well as for investigation and reconstruction of accident sites
or crime scenes. They are also employed to generate digital scans of historic
sites.
Worldwide, approximately 9,200 customers are operating more than 19,600
installations of FARO's systems. The company's global headquarters is located in
Lake Mary, Fla., its European head office in Stuttgart, Germany and its
Asia/Pacific head office in Singapore. FARO has branches in Canada, Mexico,
Germany, United Kingdom, France, Spain, Italy, Poland, Netherlands, India,
China, Singapore, Malaysia, Vietnam, Thailand and Japan.
For more information, visit
www.faro.com.
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See Also
FARO
website
CAM Products and Companies
- list by TenLinks.com
Additional News
Nov 5 - FARO Q3 Revenue Down 27% to $36M, Loses to $1.3M
Nov 4 - FARO to Present at 2009 Robert Baird Industrial Conference
Oct 29 - FARO Q3 Conference Call on Nov 5, 11AM ET
Sep 22 - FARO Releases 3D Laser Tracker ION
Aug 26 - FARO Cuts Staff Additional 8%
Jul 30 - FARO Q2 Revenue Down 40% to $35M, Loses to $2.1M
Jul 30 - FARO Names Lynn Brubaker to Board
Jul 27 - FARO Q2 Conference Call on Jul 30, 11AM ET
Jun 11 - FARO Supports Pratt & Miller in GT1 Race
Jun 4 - FARO to Present at Noble Financial Equity Conference
May 6 - FARO Part of Discovery Channel's Shades of Green Episode
Apr 30 - FARO Q1 Revenue Down 32% to $31.4M, Profit Down to $6.6M
Apr 27 - FARO Q1 Conference Call on April 29, 11AM ET
Apr 24 - FARO Offers Technology Test Drive Program
Apr 7 - FARO Announces 14% Workforce Cut to Save $7.4M
Feb 23 - FARO to Settle Shareholder Lawsuit, Pay $400K
Feb 20 - FARO 7% Workforce Cut to Save $4.5M
Feb 13 - FARO Q4 Sales Down 5% to $56M, Finishes FY08 Up 9% to $209M
Feb 10 - FARO Q4 Conference Call on February 13, 11AM ET
Jan 21 - FARO Gets Defense Manufacturing Excellence Award
Jan 2 - FARO to Present at Needham Growth Conference
Dec 18 - FARO Gets Order for 11 Quantum, Platinum FaroArms
Nov 19 - FARO Delivers 6 Photon Laser Scanners to Quantapoint
Nov 6 - FARO to Present at Robert Baird Industrial Conference
Oct 23 - FARO Q3 Conference Call on Oct 30, 11AM ET
Sep 10 - FARO Announces CAM2 Q 1.1 for Metrology Measurement
Jul 30 - FARO Q2 Revenue Up 21% to $58M with $6.4M Profit
Jul 8 - FARO Names Yuri Malinkevich as Director of Engineering
Jul 2 - FARO Offers 'Gage-PLUS' Online Video for QC Technology
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