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Faro Buys DPI Rights

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LAKE MARY, Fla., May 1, 2008 -- Faro Technologies Inc., a maker of portable computer-aided measurement hardware and software, announced it has acquired an exclusive license from Dimensional Photonics International (DPI) Inc., a Wilmington, Mass., provider of digital shape-scanning (DSS) systems, for global rights to develop, make and sell DPI's technology and products. Terms were not disclosed. Faro said it expects the transaction to be mildly dilutive to earnings in 2008 and 2009. The license covers technology and products only (no personnel or facilities are involved) and includes rights to more than 20 existing and...Read full article

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    Published: May 2008
    Glossary
    metrology
    Metrology is the science and practice of measurement. It encompasses the theoretical and practical aspects of measurement, including the development of measurement standards, techniques, and instruments, as well as the application of measurement principles in various fields. The primary objectives of metrology are to ensure accuracy, reliability, and consistency in measurements and to establish traceability to recognized standards. Metrology plays a crucial role in science, industry,...
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    BiophotonicsCAD software Dimensional Photonics Internationalcomputer-aided measurementdigital shape scanning systemsDSS systemsEmploymentFaro TechnologiesindustrialIndustry EventsmetrologyNews & Featuresphotonics

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