FARO Announces Nasdaq Approval for Continued Trading
LAKE MARY, Fla., July 10 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO), the world's single source for a complete line of portable CAM2 solutions, announced that its securities will continue to be listed with the Nasdaq National Market now that the Company has demonstrated full compliance with all Nasdaq Marketplace Rules. As such, the previously announced delisting process has been terminated.
"We are pleased that the delisting process is behind us," FARO President and Co-CEO Jay Freeland said. "We can now focus on continuing our impressive track record of 15 consecutive profitable quarters and four years of sales growth in excess of 20 percent."
FARO also reported today that the trial date for its patent litigation suit with Hexagon's Romer-Cimcore subsidiary has been re-scheduled for October 30, 2006.
About FARO
With approximately 12,500 installations and 5,500 customers globally, 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 3-D 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 Platinum, Titanium, Advantage, and Digital Template FaroArms; the FARO Gage, Gage-PLUS and PowerGAGE; the FARO Laser ScanArm; the FARO Laser Tracker X and Xi; the FARO Laser Scanner LS; and the CAM2 family of advanced CAD-based measurement and reporting software. FARO Technologies is ISO-9001:2000 certified, and accredited to ISO-17025 Calibration Laboratory Standard.
SOURCE FARO Technologies, Inc.
CONTACT: Barbara Smith, Chief Financial Officer of FARO Technologies,
Inc., +1-407-333-9911
Web site: http://www.faro.com
(FARO)