StockNews.AI
FARO
StockNews.AI
208 days

FARO Technologies Pushes 3D Metrology Forward with New FARO Leap ST

1. FARO launched the Leap ST handheld scanner, enhancing its product range. 2. The Leap ST targets the manufacturing sector, improving speed and accuracy. 3. An updated CAM2 software complements Leap ST, integrating different measurement methods. 4. RFK Racing endorses Leap ST, citing increased manufacturing efficiency through its use. 5. Leap ST is available globally, allowing demonstrations for interested customers.

5m saved
Insight
Article

FAQ

Why Bullish?

The introduction of a new product generally boosts investor confidence and demand. Past product launches have led to stock price increases for similar companies.

How important is it?

The article discusses a significant new product, crucial for FARO's competitive positioning. New product launches are key events impacting stock performance.

Why Short Term?

Immediate sales and feedback from the market can create short-term stock fluctuations. Historical examples show short-term gains post-product launches.

Related Companies

FARORFK Racing
A Versatile Handheld Scanner for Greater Insights January 23, 2025 09:10 ET  | Source: FARO Technologies Lake Mary, Fla, Jan. 23, 2025 (GLOBE NEWSWIRE) -- FARO® Technologies, Inc. (Nasdaq: FARO) has entered a new category of handheld scanning with the launch of FARO Leap ST®. The new handheld solution expands the company’s product portfolio, making FARO one of the few companies offering customers a complete range of portable 3D metrology devices. It strengthens FARO’s presence across the manufacturing sector, where speed, accuracy, and throughput are key. FARO paired this launch with an update to its FARO CAM2® Software, for a simple and effective way to scan parts.     “We wrapped up 2024 with a series of exciting new product launches, and we’re kicking off 2025 with the same momentum,” said FARO President & CEO Peter J. Lau. “Leap ST underscores our dedication to the manufacturing sector and 3D metrology, the backbone of FARO Technologies for over 40 years. Along with our updated CAM2 software, we’re confident that Leap ST will significantly impact our customers and the wider industry.”  Leap ST features five powerful operating modes: ultra-fast scanning, hyperfine scanning, deep hole scanning, large area scanning, and photogrammetry. As a metrology-grade tool, it excels at measuring and verifying a variety of surfaces and parts. The design is compact, portable, and suitable for multiple industries and applications.  Additionally, FARO enhanced its 3D metrology software offerings with the update of CAM2. The software now includes five tailored versions that address specific manufacturing measurement requirements. CAM2 now offers options for scanning devices and probing devices, as well as a hybrid approach that integrates probing and scanning for solutions such as the FaroArm with laser line probes.   RFK Racing, an existing FARO customer and eight-time NASCAR champion praised Leap ST. “The new handheld scanner will seamlessly integrate into our processes, further boosting our manufacturing efficiency,” said Kevin Kidd, Director of Software and Analytics. “The unification of FARO data in CAM2, a software we’ve already adopted, will allow us to streamline information into one cohesive and connected system."  Leap ST and CAM2 are now available in all regions; customers can book a demonstration on FARO.com.  About FARO For more than 40 years, FARO has provided industry-leading technology solutions that enable customers to measure their world and then use that data to make smarter decisions faster. FARO continues to be a pioneer in bridging the digital and physical worlds through data-driven, reliable accuracy, precision, and immediacy. For more information, visit www.faro.com.  FARO Leap ST Moves Manufacturing Forward FARO Leap ST Moves Manufacturing Forward The new FARO handheld solution expands the company’s product portfolio, making FARO one of the few c... FARO Technologies, Inc. LinkedIn Contact Data Amanda Hidalgo FARO Technologies, Inc. +1 (816) 394-8523 amanda.hidalgo@faro.com

Related News