FARO® Announces Acquisition of Lanmark Controls, Inc.
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FARO® Announces Acquisition of Lanmark Controls, Inc.

Bolsters Critical High Speed Laser Control Capabilities

LAKE MARY, Fla., July 9, 2018 — (PRNewswire) —  FARO® (NASDAQ: FARO), the world's most trusted source for 3D measurement and imaging solutions for factory metrology, construction BIM, product design, public safety forensics, and 3D machine vision applications announces the acquisition of Lanmark Controls, Inc.

FARO logo. (PRNewsFoto/FARO Technologies, Inc.)

Located in Acton, Massachusetts, Lanmark is a leading provider of high-speed laser marking control boards and intuitive, user-friendly laser marking software enabling integrators and product managers to develop high performance laser marking products.

"Lanmark's proven high speed laser control technology competency is a critical component of FARO's future product development strategy as the market continues to move towards automated, in-line 3D inspection," stated Dr. Simon Raab, FARO's President and CEO.  "Together with the laser control technology previously acquired in the acquisitions of Nutfield Technology and Laser Control Systems Limited, we have a dynamic technology platform that will accelerate our initiatives to disrupt the factory metrology and 3D machine vision markets."


About FARO

FARO is the world's most trusted source for 3D measurement, imaging and realization technology. The Company develops and markets computer-aided measurement and imaging devices and software for the following vertical markets:

FARO's global headquarters is located in Lake Mary, Florida.  The Company also has a technology center and manufacturing facility consisting of approximately 90,400 square feet located in Exton, Pennsylvania containing research and development, manufacturing and service operations of our FARO Laser Tracker and FARO Cobalt Array Imager product lines.  The Company's European regional headquarters is located in Stuttgart, Germany and its Asia-Pacific regional headquarters is located 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, India, China, Malaysia, Thailand, South Korea, Japan, and Australia.

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 demand for and customer acceptance of FARO's products, 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," "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:

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.

More information is available at http://www.faro.com

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SOURCE FARO Technologies, Inc.

Company Name: FARO Technologies, Inc., Lanmark Controls, Inc.
Robert Gourdine, Vice President of Global Marketing
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Web: http://www.faro.com
Financial data for FARO Technologies, Inc., Lanmark Controls, Inc.