FARO CEO Freeland Gets Ernst & Young's Entrepreneur Award
LAKE
MARY, FL, June 9, 2008 - FARO Technologies, Inc. (Nasdaq: FARO) the
world leader in portable computer-aided measurement hardware and
software, announced that its President and CEO, Jay Freeland, earned
Ernst & Young's 2008 Florida Entrepreneur of the Year Award in the
Technology category.
Freeland
came to FARO in October 2004 as President and COO, became co-CEO in
February of 2006 and was confirmed as the CEO in December of that
same year. Since then FARO has released nine new products, 12 new
software versions, established an Asia-Pacific headquarters in
Singapore, expanded its operations to Mexico, and grown from 438
employees to 825 worldwide. All the while, the Company has
maintained strong double-digit sales growth year over year.
"There are moments in life when the coach receives undue credit for
the performance by a team of all stars," Freeland said during his
acceptance speech at the gala event. "Certainly this is one of those
moments. I'm honored by the recognition, and grateful to everyone at
FARO who shares in this company-wide achievement."
Award recipients were selected by an independent panel of judges
recognizing entrepreneurs who "demonstrate extraordinary success in
the areas of innovation, financial performance and personal
commitment to their businesses and communities." Freeland is now
eligible for Ernst & Young's Entrepreneur of the Year 2008 national
program, which will be announced in November.
About FARO
With approximately 17,000 installations and 7,600 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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