LAKE MARY, Fla., Nov. 4, 2014 /PRNewswire/ -- FARO
Technologies, Inc. (NASDAQ: FARO) today announced Joe Arezone has been appointed Senior Vice
President, Managing Director, Europe, Middle
East and Africa. Mr. Arezone has previously served and
will continue to serve as Senior Vice President, Managing Director,
Asia Pacific Region.
Mr. Arezone has assumed responsibilities for the Company's
Europe, Middle East and Africa region as of November 4, 2014 and will continue to report to
Jay Freeland, President and Chief
Executive Officer.
"We are extremely pleased that Joe has accepted this significant
role as we continue to execute on our sales, growth and operational
strategies in the Europe, Middle
East and Africa region,"
stated Mr. Freeland. "Joe is a proven leader in achieving
sustained sales and financial growth in global markets and
mentoring employees at all levels. I believe this expanded
role will take full advantage of the full range of Joe's management
talent and experience as we continue to drive FARO's next wave of
growth."
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 FARO's growth, demand for and customer
acceptance of FARO's products, anticipated improvement in the
markets in which FARO operates, and FARO's product development and
product launches. 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 "is",
"believe," "continue," "will," and similar expressions or
discussions of FARO's plans or other intentions identify
forward-looking statements. 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 such forward-looking
statements include, but are not limited to:
- development by others of new or improved products, processes
or technologies that make the Company's products less
competitive or obsolete;
- the Company's inability to maintain its technological
advantage by developing new products and enhancing its existing
products;
- declines or other adverse changes, or lack of improvement,
in industries that the Company serves or the domestic and
international economies in the regions of the world where the
Company operates and other general economic, business, and
financial conditions; and
- other risks detailed in Part I, Item 1A. Risk Factors in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2013 and Part II, Item
1A. Risk Factors in the Company's Quarterly Report on Form 10-Q for
the quarter ended June 28,
2014.
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, unless otherwise required
by law.
About FARO
FARO is the world's most trusted source for 3D measurement
technology. The Company develops and markets computer-aided
measurement and imaging devices and software. Technology from FARO
permits high-precision 3D measurement, imaging and comparison of
parts and complex structures within production and quality
assurance processes. The devices are used for inspecting components
and assemblies, rapid prototyping, documenting large volume spaces
or structures in 3D, surveying and construction, as well as for
investigation and reconstruction of accident sites or crime
scenes.
Approximately 15,000 customers are operating more than 30,000
installations of FARO's systems, worldwide. The Company's global
headquarters is located in Lake Mary,
FL; its European regional headquarters in Stuttgart, Germany; and its Asia/Pacific regional headquarters in
Singapore. FARO has other offices
in the United States, Canada, Mexico, Brazil, Germany, the United
Kingdom, France,
Spain, Italy, Poland, Turkey, the
Netherlands, Switzerland,
Portugal, India, China,
Malaysia, Vietnam, Thailand, South
Korea, and Japan.
More information is available at http://www.faro.com
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SOURCE FARO Technologies, Inc.