BeaconEquity.com announces the publication of ‘FARO Technologies, Inc.'s (FARO) 2007 Net Income was Up 120.73% from Previous Year’
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FARO Technologies, Inc.'s (FARO) 2007 Net Income was Up 120.73% from Previous Year
The overall monthly manufacturing activity is a significant economic measure, as indicated by the Institute of Supply Managers' (ISM) Manufacturing Index in the U.S. A figure below 50 due to a decrease in activity indicates economic recession, while a figure above it indicates economic growth. According to Reuters, the US manufacturing sector growth is expected to rebound to 2.9% in 2008 up from 2% in 2007. The increased growth opens a great opportunity to companies catering to the manufacturing and industrial sectors. FARO Technologies, Inc., together with its subsidiaries, designs, develops, and manufactures software-based three-dimensional (3D) measurement devices for manufacturing, industrial, building construction, and forensic applications.
FARO Technologies, Inc. offers articulated electromechanical measuring devices, such as Faro Arm, a combination of six or seven-axis, instrumented articulated measurement arm, a computer, and software programs; Faro Scan Arm, which provides customers the ability to measure their products without touching them and offers a seven-axis contact/non-contact measurement device with integrated laser scanner; and Faro Gage, an accuracy version of the Faro Arm product.
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