FARO Headquarters Dodges Hurricane
LAKE MARY, Fla., Aug. 16 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO) today announced that its headquarters was undamaged, and had electrical power despite the Orlando area being in the path of Hurricane Charley. The Company also announced that many of its Florida employees were not so lucky and had experienced damage to their homes and/or automobiles, primarily from fallen trees, and were without power and/or water. As a result the Company's headquarters will be open, but operating at a somewhat reduced capacity in many departments in order to give our employees with the worst problems a chance to recover.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO)
"We are extremely grateful that none of our employees or their families were injured, and our thoughts go out to our neighbors to the southwest of us in Florida who were much harder hit," said Simon Raab, FARO's President and CEO. "We expect to experience the worst effects from the hurricane on our Florida operations this week. If it does not go beyond that, then we expect to be able to rebound and meet our shipping goals for the quarter."
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 Company's 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," 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:
* Our ability to make up for a one week reduction in manufacturing later in the quarter;
* If the expected one week reduction in manufacturing is longer;
* The other risks detailed in the Company's Annual Report on Form 10-K and other filings from time to time with the Securities and Exchange Commission.
Forward-looking statements in this release represent the Company's judgment as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
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), the FARO 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 http://www.faro.com.
SOURCE FARO Technologies, Inc. -0- 08/16/2004 /CONTACT: Greg Fraser, EVP & CFO of FARO Technologies, Inc., +1-407-333-9911, or Vic Allgeier of The TTC Group, +1-212-227-0997, for FARO Technologies, Inc./ /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com/ /Web site: http://www.faro.com/ (FARO) CO: FARO Technologies, Inc. ST: Florida IN: AUT MAC STW CPR SU: AC-KW -- FLM015 -- 4200 08/16/2004 11:13 EDT http://www.prnewswire.com