SEC Registration Statement To Register The Shares Sold In
FARO's November 12, 2003 Private Placement Declared Effective

PDF Version

LAKE MARY, Fla., Dec. 22 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO) today announced that its Form S-3 registration statement ("S- 3") relating to the resale by certain shareholders of 1,930,000 shares of FARO common stock has been declared effective by the Securities and Exchange Commission. FARO and its founders originally sold the 1,930,000 shares of FARO common stock covered by the S-3 in a private placement that was announced on November 12, 2002, pursuant to an exemption from the registration requirements of the Securities Act of 1933. The placement agent for the private placement was Robert W. Baird & Co.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO )

Under the terms of the private placement, FARO agreed to file the S-3 with the SEC to register the resale of the shares purchased by the investors in the private placement. FARO will not receive any proceeds from the resale of these shares. Now that the S-3 has been declared effective by the SEC, the investors in the private placement may resell these shares from time to time in one or more transactions on the Nasdaq National Market or pursuant to any method described in the S-3 or any other method permitted by applicable law.

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.

"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.