FARO Headquarters Dodges Hurricane
August 16 2004 - 11:13AM
PR Newswire (US)
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/.
http://www.newscom.com/cgi-bin/prnh/20000522/FLM035LOGO
http://photoarchive.ap.org/ DATASOURCE: FARO Technologies, Inc.
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. Web site: http://www.faro.com/
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