FARO Acquires SiteScape, a Leader in LiDAR Based Scanning Software

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LAKE MARY, Fla., Dec. 1, 2022 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced the acquisition of SiteScape, an innovator in LiDAR 3D scanning software solutions for the AEC and O&M  markets. SiteScape enables LiDAR equipped mobile devices to easily capture indoor spaces digitally, providing a readily available entry-point to scanning physical spaces for a broad range of applications.

Integrating SiteScape's iOS-enabled low-resolution LiDAR capture capability into the FARO Sphere Platform is a further step in streamlining multiple capture methods into a centralized environment to be accessed in a single environment on a single coordinate system. This unique capability enables FARO's construction and facilities customers to access the widest portfolio of reality capture methods in the market, which now ranges from low-resolution Lidar, 360 degree photo, video, mobile mapping and terrestrial laser scanning.

"We are pleased to add SiteScape and its groundbreaking 3D LiDAR scanning software to our portfolio of reality capture solutions," said Michael Burger, FARO President and CEO. "With millions of LiDAR enabled mobile devices already in the market, the addition of SiteScape opens up a significant population of users to the benefits of FARO's reality capture solutions."

"I'm excited to add SiteScape's proprietary software to the FARO family of cloud-based offerings.  FARO accelerates our vision of enabling a broad set of customers with the ability to gain critical insights from their digital reality environments," added Andy Putch, SiteScape CEO.

About FARO
FARO serves the 3D Metrology, AEC (Architecture, Engineering & Construction), O&M (Operations & Maintenance), and Public Safety Analytics markets. For over 40 years, FARO has been a pioneer in #RealityCapture, bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy, providing industry-leading technology solutions that enable customers to measure their world and use that data to make smarter decisions faster. For more information, visit www.faro.com.

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SOURCE FARO

Jessica Hale jessica.hale@faro.com 407-333-9911 x1102

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding FARO Technologies Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.