FARO To File Amendment To Registration Statement With The SEC To Register
Shares Sold In Its November 12, 2003 Private Placement
Shares Sold In Its November 12, 2003 Private Placement
LAKE MARY, Fla., Dec. 15 /PRNewswire-FirstCall/ -- FARO Technologies, Inc.
(Nasdaq: FARO) today announced that it will file an amendment to the Form S-3
registration statement ("S-3") that it previously filed with the Securities
and Exchange Commission. This filing will amend the original S-3, which was
filed on November 21, 2003, to register the resale of 1,930,000 shares of FARO
common stock sold by the Company and its founders in a private placement,
which the Company announced on November 12, 2003. Under the terms of the
private placement, FARO agreed to file a registration statement with the
Securities and Exchange Commission covering the resale of the shares purchased
by the investors in the private placement. When the S-3 is declared effective
by the SEC, the investors in the private placement will be permitted to offer
and sell these shares from time to time.
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About FARO:
FARO Technologies, Inc. (Nasdaq: FARO) and its international subsidiaries
design, develop, and market software and portable, computerized measurement
devices. The Company's products allow manufacturers to perform three-
dimensional inspections of parts and assemblies on the shop floor. This helps
eliminate manufacturing errors, and thereby increases productivity and
profitability for a variety of industries in FARO's worldwide customer base.
Principal products include the FARO Gage(TM), Platinum and Titanium
FaroArms(R), Control Station(R) measurement system, the Laser Tracker(R) and a
CAM2(R) family of advanced CAD-based measurement and reporting software. FARO
Technologies is ISO 9001 certified and Guide 25 approved. Learn more at
www.faro.com.
SOURCE FARO Technologies, Inc.