FARO® announces the release of PointSense & VirtuSurv 17.0: Point Cloud Tools for Engineers, Architects and Construction Specialists that Dramatically Speed Up the Process of Turning Point Cloud Data into Autodesk® CAD Models.

LAKE MARY, Fla., May 24, 2016 — (PRNewswire) —  FARO Technologies, Inc. (NASDAQ: FARO), the world's most trusted source for 3D measurement and imaging solutions for Metrology, Factory Automation, Product Design, Public Safety and BIM-CIM, announces the release of PointSense and VirtuSurv 17.0, laser scanning plug-ins for the Autodesk® environment that ensure seamless integration with the recently released Autodesk® 2017 product line.

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3D laser scanning is quickly becoming the accepted practice for fast, efficient and accurate capture of as-built data by engineers, architects and construction specialists. However, designers are often left with CAD programs that have manual and inconsistent methods for transforming scan data into final design needs. The PointSense and VirtuSurv 17.0 programs provide BIM-CIM CAD designers with comprehensive tool kits for solving the challenge of converting massive point cloud data sets into intelligent 3D models.  Customers can choose software modules that match their specific workflows and plug-ins are available for both AutoCAD® and Revit®.

With each major release, FARO continues to push innovative design techniques and improve workflows within the Autodesk® environment. Product features are inspired by customer demand. For example, PointSense for Revit 17.0 now provides support for "work-sharing" projects, allowing all BIM-CIM stakeholders to simultaneously use PointSense on a common Revit® project file. In addition, an enhanced wall-fitting tool allows users to accurately extract walls from point clouds without having to scan both sides of the wall.

"FARO understands the significance that Autodesk® software plays in completing our clients' workflows within the BIM-CIM market." stated Andreas Gerster, Vice President, BIM/CIM and Product Design. "Our engineering team worked closely with Autodesk to provide a seamless transition to Autodesk® 2017 products so that our customers have immediate, uninterrupted access to the latest design platform."

PointSense and VirtuSurv 17.0 are available for immediate shipment and a limited-time promotional offer, when bundled with FARO's industry-leading BIM-CIM Laser Scanner, is available until June 24th. For additional information please visit www.FARO.com

*Autodesk, AutoCAD and Revit are registered trademarks of Autodesk, Inc.

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:

  • 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, 2015.

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.

About FARO

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.

FARO's global headquarters are located in Lake Mary, Florida.  The Company also has a new technology center and manufacturing facility consisting of approximately 90,400 square feet located in Exton, Pennsylvania containing research and development, manufacturing and service operations of its FARO Laser Tracker and FARO Factory Array Imager product lines.  The Company's European regional headquarters is located in Stuttgart, Germany and its Asia Pacific regional headquarters is located 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, India, China, Malaysia, Vietnam, Thailand, South Korea, and Japan.

More information is available at http://www.faro.com

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SOURCE FARO Technologies, Inc.

FARO Technologies, Inc.
Robert Seidel, Vice President, Finance and Investor Relations
Email Contact 1-407-333-9911
Web: http://www.faro.com

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