Lake Mary, Fla., March 31, 2015 — FARO® Technologies, Inc. (NASDAQ: FARO), the world’s most trusted source for 3D measurement, imaging, and realization technology, announces the release of the newly designed PointSense for Autodesk’s Revit® building design software. PointSense introduces breakthrough functionality to significantly improve the evaluation and conversion of point cloud data to Building Information Modeling (BIM).
BIM has become a standard in the planning, building and management of new facilities and Autodesk Revit® is one of the most established BIM programs for the Architecture, Engineering and Construction (AEC) industry. FARO’s latest software release accelerates and simplifies the analysis and design of laser scan data directly in Autodesk Revit®.
"PointSense is FARO’s first software release following our recent acquisition of kubitTM and upholds FARO’s strategy to be a leader in the AEC market," stated Jay Freeland, FARO’s President and CEO. "As BIM continues to be an established requirement in the construction industry, we recognize the need to provide customers with a complete field to finish solution. PointSense enhances the architectural design process by simplifying the extraction of BIM models to point clouds. This is merely the beginning of FARO’s efforts to greatly enhance scan-to-BIM workflows."
PointSense users will experience additional functionality compared to traditional native Autodesk Revit® tools previously available to the market. Some of the new features include: extraction and alignment of architectural walls, creation of Revit® family types such as doors, windows, beams, construction lines and ground models, real 3D snap-to-point clouds, plane detection and scaled ortho-image generation.
PointSense will be available to users beginning May 4th, 2015. For more information on PointSense for Revit®, please visit: http://kubitusa.com/PRESS/PointSense_for_Revit.php
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. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes. The Company’s global headquarters is located in Lake Mary, FL; its European regional headquarters in Stuttgart, Germany; and its Asia/Pacific regional headquarters 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, Portugal, India, China, Malaysia, Vietnam, Thailand, South Korea, and Japan. More information is available at http://www.faro.com
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:
• The Company’s inability to successfully identify and acquire target companies or achieve expected benefits from acquisitions that are consummated;
• 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, 2014.
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.