FARO Technologies, Inc. (FARO)

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FARO Announces $30 Million Share Repurchase Program
Monday November 24, 8:40 am ET


LAKE MARY, Fla., Nov. 24 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO - News) announced today that its Board of Directors approved a program to acquire up to $30 million of the Company's common stock.
"Our strong balance sheet combined with continuing strong cash flows enable us to return value to our shareholders with this repurchase program," said Jay Freeland, FARO's President & Chief Executive Officer. "The current stock price levels provide a compelling argument for a stock repurchase and reflect our confidence in the company's long-term growth prospects. The repurchase will not affect our ongoing growth strategies, both organically and inorganically. This is simply a reflection on our view of the strength of this company."