Lake Mary, Fla., Sept. 15, 2015 — FARO® Technologies, Inc. (NASDAQ: FARO), the world’s most trusted source for 3D measurement and imaging technology, announces an update to PointSense, the Company’s leading Surveying and As-Built Documentation software suite for the Architecture, Engineering, and Construction (AEC) industry. With the release of Version 16.5, PointSense now includes additional tools and functionality for efficiently processing 3D laser scan data in Autodesk’s AutoCAD® and Revit® packages and accelerates documentation of as-built data.
New PointSense functionality for AutoCAD® includes simultaneous fit of multiple polygon cross-sections, single click plane extraction, and auto-boundary detection. New plant design tools include batch extraction of multiple structural steel elements and enhanced flange tie-in point extraction. Revit® users will also benefit from new, intuitive deformation tools for comparing point clouds to any surface including walls, floors and ground. Additionally, users of Agisoft’s PhotoScan software can now import their calibrated photos into PointSense’s Heritage tools as an additional reference source for processing their point cloud data.
FARO also released new versions of its VirtuSurv, TachyCAD, and PhoToPlan software with enhanced functionality. VirtuSurv, the Company’s intuitive and easy-to-use solution for processing point cloud data based on photo-like scan views, offers a new user interface for SEMA GmbH’s timber construction tools software.
FARO’s 3D AEC Software solutions process data from almost any measurement device. Users can find more information on the software applications, including a full list of new features, videos, and options to schedule on-line demonstration appointments at the following site: http://www.faro-3d-software.com/.
FARO is the world’s most trusted source for 3D measurement 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," "continues" 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, 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.