| | Business Summary | | FARO
Technologies,
Inc.
designs,
develops,
markets
and
supports
portable,
software-driven,
3-D
measurement
systems
that
are
used
in
a
broad
range
of
manufacturing
and
industrial
applications.
The
Company's
principal
products
are
the
FAROArm
articulated
measuring
device
and
its
multi-faceted
CAM2
software
that
provides
for
CAD
(computer-aided
design)-based
inspection
on
portable
and
fixed-base
CMMs
(coordinate
measurement
machines)
and
factory-level
statistical
process
control.
Together,
these
products
integrate
the
measurement
and
quality-inspection
function
with
CAD,
CAM
(computer-aided
manufacturing)
and
CAE
(computer-aided
engineering)
technology
to
improve
productivity,
enhance
product
quality
and
decrease
rework
and
scrap
in
the
manufacturing
process.
The
Company
holds,
or
has
pending,
29
patents
in
the
United
States,
17
of
which
also
are
held
or
pending
in
other
jurisdictions. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | FARO
designs,
develops,
markets
and
supports
portable,
software-driven,
three
dimensional
measurement
systems
that
are
used
in
manufacturing
and
industrial
applications.
For
the
six
months
ended
6/30/01,
sales
decreased
20%
to
$16.7
million.
Net
loss
totaled
$2.7
million,
up
from
$174
thousand.
Revenues
reflect
a
decrease
in
product
unit
sales
in
the
U.S.
and
Germany.
Net
loss
also
reflects
a
decreased
gross
profit
due
to
more
aggressive
sales
discounts. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Simon Raab, Ph.D., 48
Chairman,
CEO and Pres | $330K | Gregory Fraser, Ph.D., 46
Exec.
VP, Sec., Treasurer, Director | 222K | Edward Pelshaw, 42
VP
of Manufacturing | -- | Ali Sajedi, 41
Chief
Engineer | -- | Wendelin Scharbach, 45
Managing
Director of FARO Europe | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/f/faro.gif)