UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 15, 2005
FARO Technologies, Inc. |
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(Exact name of registrant as specified in its charter) |
Florida |
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0-23081 |
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59-3157093 |
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(State or other jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
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125 Technology Park, Lake Mary, Florida |
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32746 |
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(Address of principal executive offices) |
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Registrants telephone number, including area code (407) 333-9911
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(Former name or former address, if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 7.01 Regulation FD Disclosure
ITEM 9.01 Financial Statements and Exhibits
On November 15, FARO Technologies announced via press release, subject: Court Denies Summary Judgment, Sets Caser for Trial. A copy of the press release is attached hereto.
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Exhibits |
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99.1 |
Press release dated as of November 15, 2005 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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FARO Technologies, Inc. |
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(Registrant) |
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Date November 15, 2005 |
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/s/ Gregory A. Fraser |
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Gregory A. Fraser |
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Executive Vice President, Secretary and Treasurer |
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Exhibit 99.1
Court Denies Summary Judgment, Sets Case For Trial
LAKE MARY, Fla., Nov. 15 /PRNewswire-FirstCall/ -- The judge presiding over a patent infringement lawsuit against Faro Technologies, Inc. (Nasdaq: FARO) by Romer CimCore has denied motions for summary judgment and has set the matter for trial. The trial is scheduled to begin in late January 2006.
The same judge had originally granted summary judgment in favor of Romer CimCore in July 2005 after concluding that Faros FaroArm products infringed its 148 patent. However, the judge subsequently withdrew that determination after agreeing with FARO that the original interpretation of the patents claims was improper. In October 2005, the court further refined the interpretation of the patents claims. The Court has now ruled that factual issues exist which require determination by a jury at trial, including as to both infringement and the validity of Romer CimCores patent.
Faro considers the Courts latest decision to be a validation of its long- held belief that Romer CimCore is not entitled to a judgment of infringement, and looks forward to the opportunity to present its case to a jury for determination. FARO is committed to vigorously defending against its competitors claims and continues to believe that given the chance to present its case at trial, Romer CimCores patent will be found invalid and not infringed.
About FARO
With nearly 8,500 installations and 3,800 customers globally, FARO Technologies, Inc. (Nasdaq: FARO) and its international subsidiaries design, develop, and market software and portable, computerized measurement devices. The Companys products allow manufacturers to perform 3D 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 FAROs worldwide customer base. Principal products include the FARO Laser ScanArm; FARO Laser Scanner LS; FARO Gage and Gage-PLUS; Platinum, Digital Template, Titanium, Advantage FAROArms; the FARO Laser Tracker X and Xi; and the CAM2 family of advanced CAD-based measurement and reporting software. FARO Technologies is ISO 9001 certified and ISO-17025 laboratory registered.
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 our plans, objectives, projections, expectations, assumptions, strategies, or future events. Statements that are not historical facts or that describe the Companys plans, objectives, projections, expectations, assumptions, strategies, or goals are forward-looking statements. In addition, words such as may, believes, anticipates, expects, intends, plans, seeks, estimates, will, should, could, projects, forecast, target, goal, and similar expressions or discussions of our strategy or other intentions identify forward-looking statements. Other written or oral statements, which constitute forward-looking statements, also may be made by the Company from time to time. 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 forward-looking statements include, but are not limited to:
* the inability to protect our patents and other proprietary rights in the United States and foreign countries and the assertion and ultimate outcome of infringement claims against us, including the pending suit by Cimcore-Romer against us;
* the inability to quickly deploy alternative designs in the event of a negative outcome in the pending suit by Romer Cimcore against us; and
* the other risks detailed in the Companys Annual Report on Form 10-K and other filings from time to time with the Securities and Exchange Commission.
SOURCE FARO Technologies, Inc.
-0- 11/15/2005
/CONTACT: Greg Fraser, Executive Vice President, FARO, +1-407-333-9911, or fraserg@FARO.com/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO
AP Archive:
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PRN Photo Desk, photodesk@prnewswire.com /
/Web site: http://www.faro.com /
(FARO)