Faro Technologies Inc was founded in 1982. The Company designs, develops, manufactures, markets portable, software driven, 3-D measurement and imaging systems used in a range of manufacturing, industrial, building construction and forensic applications. The Company's FaroArm, FARO Laser ScanArm and FARO Gage articulated measuring devices, the FARO Laser Tracker Vantage, the FARO Focus3D, and the FARO 3D Imager AMP, and their companion CAM2 software, provide for Computer-Aided Design, or CAD, based inspection and/or factory-level statistical process control and high-density surveying. Together, these products integrate the measurement, quality inspection, and reverse engineering functions with CAD software to improve productivity, enhance product quality and decrease rework and scrap in the manufacturing process. The Company uses the acronym CAM2 for this process, which stands for computer-aided measurement. The Company's products are being purchased by customers worldwide, ranging from small machine shops to major manufacturing and industrial companies as Audi, Boeing, Bombadier, FORD, General Electric, General Motors, Honda, Johnson Controls, Komatsu America International, Lockheed Martin, NASA, Northrup Grumman, Siemens and Volkswagen, among many others. The FaroArm is a combination of a portable, six or seven-axis, instrumented articulated measurement arm, a computer, and CAM2 software programs, which are described below under CAM2 Software which includes Articulated ArmEach articulated arm is comprised of three joints, each of which may consist of one, two or three axes of motion. The articulated arm is available in a variety of sizes, configurations and precision levels suitable for a broad range of applications; and Computer. The Company pre-installs its CAM2 software on either a notebook or desktop style computer, depending on the customers need, and the measuring device, computer and installed software are sold as a system. The FARO Laser ScanArm is a FaroArm equipped with a combination of a hard probe and a non-contact line laser probe. The FARO Gage is sold as a combination of an articulated arm device with a computer and software, the FARO Gage is a smaller, higher accuracy version of the FaroArm. The FARO Laser Tracker ION combines a portable, laser measurement tool, a computer, and CAM2 software programs which include Laser Tracker. The FARO Laser Tracker ION utilizes an ultra-precise laser beam to measure objects of up to 230 feet. It enables manufacturing, engineering, and quality control professionals to measure and inspect large parts, machine tools and other large objects on-site and in-process and Computer. The FARO Laser Tracker ION includes a notebook or desktop style computer, depending on the customers' requirements, that includes the pre-installed CAM2 Software. The FARO Laser Scanner Photon utilizes laser technology to measure and collect a cloud of data points, allowing for the detailed and precise three-dimensional rendering of an object or an area as large as a factory. CAM2 Software is the Company's family of proprietary CAD-based measurement and statistical process control software used with the Company's measurement devices. The CAM2 product line includes the following software programs, many of which are translated into multiple languages: CAM2 Q, CAM2 Measure X. The Company's operations are subject to governmental laws and regulations, including those governing antitrust and competition, the environment, import and export of products, currency conversions and repatriation, taxation of foreign earnings & earnings of expatriate personnel and use of local employees & supplies.
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