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FARO TECHNOLOGIES, INC.

(FARO)
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FARO« Releases First Fully Integrated High-Accuracy Indoor Mobile Laser Scanner: Focus Swift Extends Functionality and Versatility of FARO FocusS Laser Scanner

07/21/2020 | 11:40am EDT

Lake Mary, Fl -- FARO Technologies, Inc. (NASDAQ: FARO), the global leader for 3D measurement, imaging and realization solutions for 3D Metrology, AEC and Public Safety Analytics, today announced the release of the first fully integrated indoor mobile mapping solution: Focus Swift. Designed to accomplish large-area as-built capturing tasks with minimal time and effort, this lightweight and highly portable extension of FARO's renowned Focus Laser Scanner delivers better data faster, enabling AEC industry professionals to balance between accuracy and efficiency.

As its name suggests, Swift is fast. Depending on accuracy requirements, the innovative device is capable of taking mobile scans of large complex areas up to 10 times faster than traditional static scans. Swift is powered by revolutionary FARO SCENE software that automatically processes data from the Focus and ScanPlan 2D mapper into accurate 3D point clouds. Users can also directly import these data sets into any CAD system to simplify their modeling plan with automated processes and optimize their scan to BIM workflow.

"In the mobile mapping space, there are handheld devices, wearable backpack products and bulky vehicle-bound systems," said Oliver Buerkler, senior product manager at FARO. "Swift is the first lightweight, highly versatile alternative that delivers the best of all worlds to maximize efficiency."

Swift's intuitive easy-to-use functionality, simple push operation and continuous cable-free operation means operators can work faster and smarter, while delivering better quality scans that reduce on-scene processing time. The interface is compatible to run on any mobile device so users have real-time awareness of how much job has been completed. Swift is compact for transport with only two carry-on sized cases, and the carbon fiber tripod and three-wheeled vehicle can be easily folded for travel.

"We tested the new Swift and it's a seamless union of advanced high-speed imaging technology, innovative cloud-based software and intuitive design," said Mark Mitchell, VP of Technology, 4D Concepts. "In my view, this device has the potential to set the industry standard for affordable, high-precision indoor 3D scanning technology."

For more information about FARO, visit www.faro.com.

Media Contact: mark.benhard@faro.com or 407-333-9911 x1269

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2021 345 M - -
Net income 2021 -0,26 M - -
Net cash 2021 151 M - -
P/E ratio 2021 582x
Yield 2021 -
Capitalization 1 234 M 1 234 M -
EV / Sales 2021 3,13x
EV / Sales 2022 2,65x
Nbr of Employees 1 364
Free-Float 92,2%
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Number of Analysts 4
Last Close Price 67,87 $
Average target price 91,67 $
Spread / Average Target 35,1%
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Managers and Directors
Michael D. Burger President, Chief Executive Officer & Director
Allen Louis Muhich Chief Financial Officer
John Donofrio Independent Chairman
Ann Hewitt Chief Information Officer
Jason Pollock Vice President-Global Operations
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