FARO Technologies Announces AnthroCAM Portable-Measure 3.0

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LAKE MARY, Fla., Aug. 26 /PRNewswire/ -- FARO Technologies, Inc. (Nasdaq: FARO), global provider of CAD (Computer Aided Design)-based quality assurance solutions, announced today the immediate availability of AnthroCAM(R) Portable-Measure 3.0, a lower-priced, easier-to-use, faster, streamlined version of FARO's standard-setting 3-D CAD-based measurement and analysis software.

This new version of AnthroCAM integrates ACIS(R) 3-D modeling technology, from Spatial Technology, Inc. (Amex: STY), as its geometry engine. The ACIS platform replaces Autodesk's Mechanical Desktop(R), the platform on which earlier versions of AnthroCAM have been based, and results in a lower price to users.

"Our research shows that over 90% of our current customers are not using the full capability of the Mechanical Desktop functions included with earlier versions of AnthroCAM," stated Daniel T. Buckles, Vice President of Sales. "We have found that most customers primarily use the CAD-based measurement functions. By using ACIS technology as the platform, the same fundamental platform that Autodesk uses for Mechanical Desktop, we are able to streamline AnthroCAM Portable-Measure 3.0, provide a more suitable product for the factory floor setting, and reduce the cost to our customers to own and to maintain the program," he added.

"In addition to being more functional in the factory setting, AnthroCAM Portable-Measure 3.0 also incorporates a new interface that is 100% Windows(R) compliant. With tabbed windows and drop down boxes, this interface allows users to navigate through the program more easily," stated Dan Perreault, Director of Installations and Applications. "It also runs faster than previous releases and doesn't require CAD knowledge or experience."

"Our continued effort to bring CAD to the factory floor is dramatically enhanced by this product," stated Simon Raab, President and Chief Executive Officer. "We are offering a more streamlined product for the factory floor, and at the same time we are reducing our production costs," noted Raab.

For those customers who do require the functionality of a complete CAD system, FARO will continue to develop AnthroCAM based on the Autodesk Mechanical Desktop platform. To meet the needs of those customers, FARO is releasing AnthroCAM Portable-Reverse Engineer 2.3 as a replacement for AnthroCAM version 2.0. Version 2.3, like version 2.0, is based on the Autodesk platform. Available immediately, AnthroCAM Portable-Reverse Engineer 2.3 includes new features such as graphical reporting and multi-device interfaces.

AnthroCAM Portable-Measure 3.0 is priced at $9,990, or as much as $5,000 less than AnthroCAM Portable-Reverse Engineer 2.3, which is priced at $15,240 and will increase to $19,990 with the next version of Autodesk's platform.

"We are pleased to offer our customers and future customers the freedom to choose the software package -- streamlined or robust -- that best fits their specific application," said Buckles.

FARO Technologies, Inc. and its international subsidiaries are pioneers in CAD-based quality assurance products. These products play a key role in the worldwide trend toward CAD-based total quality management for shortened production cycles and the reduction in scrap and rework. FARO's product line includes portable measurement equipment, a broad line of CAD-based inspection software, and enterprise level statistical process control (SPC) software for portable and fixed-base coordinate measurement machines. FARO's products are used worldwide by more than 700 customers. News and information are available at the company's website at http://www.faro.com.

AnthroCAM(R) is a registered trademark of FARO Technologies Inc. ACIS(R) is a registered trademark of Spatial Technology, Inc. Mechanical Desktop(R) is a registered trademark of Autodesk, Inc. Windows(R) is a registered trademark of Microsoft Corporation.

This press release contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the predicted cost savings and industry reduction in scrap and rework involve known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to: changes in software prices and changes in production methods leading to less scrap. These factors are discussed more fully in FARO's public filings, including its most recent 10K and 10Q filings, with the Securities and Exchange Commission.
SOURCE FARO Technologies Inc.
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"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.