-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EOksd8Kqzico1OP2yXSKzDawLxwNvIokrXxUjqV2QFgamFtYmfruL0sIDgT48Zsg lU9Kahd/fArQPyD61+sPLA== 0001275287-07-001470.txt : 20070326 0001275287-07-001470.hdr.sgml : 20070326 20070326165336 ACCESSION NUMBER: 0001275287-07-001470 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070326 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070326 DATE AS OF CHANGE: 20070326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FARO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000917491 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 593157093 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23081 FILM NUMBER: 07718670 BUSINESS ADDRESS: STREET 1: 125 TECHNOLOGY PARK CITY: LAKE MARY STATE: FL ZIP: 32746-6204 BUSINESS PHONE: 4073339911 MAIL ADDRESS: STREET 1: FARO TECHNOLOGIES INC STREET 2: 125 TECHNOLOGY PARK CITY: LAKE MARY STATE: FL ZIP: 32746 8-K 1 ft9395.htm FORM 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934

Date of report (Date of the earliest event reported)   March 26, 2007

FARO TECHNOLOGIES, INC.


(Exact Name of Registrant as Specified in Its Charter)


Florida

 

0-20381

 

59-3157093


 


 


(State or Other Jurisdiction
 of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
 Identification No.)


125 Technology Park, Lake Mary, Florida

 

32746


 


(Address of Principal Executive Offices)

 

(Zip Code)


(407) 333-9911


(Registrant’s Telephone Number, Including Area Code)

 

 


(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o

Written communications pursuant to Rule 425 under the Securities Act  (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act  (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (7 CFR 240.13e-4(c))

 

 




Item 7.01          Regulation FD Disclosure

Item 8.01          Other Events

          On March 26, 2007, FARO Technologies, Inc. announced that FARO and ROMER, Inc. a Hexagon Metrology company, have reached agreement to settle all outstanding disputes between them.  Under the terms of the settlement, patent suits pending in California and Florida, and a lawsuit involving claims of false advertising will be dismissed.  In settling their disputes, neither party admits any wrongdoing or liability to the other.  The settlement does not require the payment of any money by either party. 

          The press release announcing the settlement is filed as Exhibit 99.1 hereto and is incorporated herein by reference. 

Item 9.01          Financial Statements and Exhibits

(d)                      Exhibits

99.1          Press Release dated as of March 26, 2007



Signature

          Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized.

 

FARO Technologies, Inc.

 


 

(Registrant)

 

 

Date: March 26, 2007

 

 

/s/ Keith S. Bair

 


 

Keith S. Bair

 

Chief Financial Officer




EXHIBIT INDEX

Exhibit No.

 

Description


 


99.1

 

Press Release dated as of March 26, 2007



EX-99.1 2 ft9395ex991.htm EXHIBIT 99.1

Exhibit 99.1

ROMER and FARO Announce Settlement of All Outstanding Lawsuits

          NORTH KINGSTOWN, R.I. and LAKE MARY, Fla., March 26 /PRNewswire/ -- ROMER, Inc. a Hexagon Metrology company, and FARO Technologies, Inc. (Nasdaq: FARO) have announced today that they have reached agreement to settle all outstanding disputes between them.  Under the terms of the settlement, patent suits pending in California and Florida, and a lawsuit involving claims of false advertising will be dismissed.  Terms of the agreement will not be disclosed, and will be treated as “Company Confidential” material going forward by both Hexagon and FARO.  The settlement also covers ROMER-affiliated companies CimCore Corporation, Hexagon Metrology AB and Hexagon Metrology, Inc.

          Hexagon Metrology’s Chief Executive Officer William Gruber said, “We are very pleased that these lawsuits have now ended, so that we can again focus exclusively on doing what we do best-making state of the art metrology products and competing with each other in the marketplace and not in the courtroom.”  FARO’s Chief Executive Officer Jay Freeland stated, “I couldn’t agree more. FARO too is glad to put these distractions behind us and focus on our business.  Instead of spending money on litigation, we would rather direct these funds toward customer support, research, and innovative new products.” Freeland added “In the future, Management for both companies have agreed to attempt to resolve our differences before heading to a courtroom.”

          About ROMER Inc.

          ROMER Inc., a Hexagon Metrology company, markets and manufactures high accuracy 3D coordinate measurement systems for the industrial marketplace. The company develops innovative and dependable portable metrology solutions for aerospace, automotive, heavy machinery, and general engineering industries. ROMER Inc. is a California corporation with sales headquarters located at the Hexagon Metrology Precision Center in Wixom, Michigan.     Hexagon Metrology serves the high precision measurement and inspection needs of worldwide manufacturers with its extensive line of metrology hardware, software, accessories, and value-added services. The company’s name- brand portfolio of quality assurance products include Brown & Sharpe, Leica Geosystems, ROMER, Sheffield, PC-DMIS, DEA, Leitz, and TESA. Hexagon Metrology has an unrivaled worldwide installed base of handheld, stationary and portable measurement devices, including 30,000 seats of PC-DMIS metrology software. Worldwide support is delivered by more than 55 direct sales and service centers.  The company is a  subsidiary of Hexagon Measurement Technologies, a business unit of Hexagon AB (Nacka Strand, Sweden), a publicly-traded global technology group (Stockholmsborsen: HEXA B). The Hexagon group consists of nearly 8,200 employees located in 30 countries.

          About FARO Technologies, Inc.

          With approximately 13,000 installations and 6,100 customers globally, FARO Technologies, Inc. designs, develops, and markets portable, computerized measurement devices and software used to create digital models - or to perform evaluations against an existing model - for anything requiring highly detailed 3-D measurements, including part and assembly inspection, factory planning and asset documentation, as well as specialized applications ranging from surveying, recreating accident sites and crime scenes to digitally preserving historical sites.

          FARO’s technology increases productivity by dramatically reducing the amount of on-site measuring time, and the various industry-specific software packages enable users to process and present their results quickly and more effectively.

          Principal products include the world’s best-selling portable measurement arm - the FaroArm; the world’s best-selling laser tracker - the FARO Laser Tracker X and Xi; the FARO Laser ScanArm; FARO Laser Scanner LS; the FARO Gage, Gage-PLUS and PowerGAGE; and the CAM2 family of advanced CAD-based measurement and reporting software.  FARO Technologies is ISO-9001 certified and ISO-17025 laboratory registered.

SOURCE  FARO Technologies, Inc.
          -0-                                                  03/26/2007
          /CONTACT:  Bill Fetter of Hexagon Metrology, Inc., +1-920-906-7514; or
Darin Sahler of FARO Technologies, Inc., +1-407-333-9911 /
          /Web site:  http://www.faro.com/


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