FARO Technologies, Inc. (FARO)

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FARO Announces Global Reduction in Force of 14%
Monday April 6, 2009, 4:28 pm EDT

LAKE MARY, Fla., April 6 /PRNewswire-FirstCall/ -- FARO Technologies, Inc. (Nasdaq: FARO - News) today announced a global reduction in force driven by continued economic weakness. This reduction is in addition to a 7% reduction announced on February 20, 2009.

The reduction, effective immediately, impacts approximately 14% of FARO's workforce across all functions. The Company expects to save approximately $7.4 million on an annual basis and will incur a first quarter charge of approximately $0.5 million related to severance costs.

"Unfortunately, economic conditions continue to affect us," stated Jay Freeland, FARO's President and CEO. "First quarter sales for 2009 will be approximately 32% lower than the same quarter last year. While we believe the long-term outlook for FARO remains strong, this reduction in force is a necessary precaution to position the Company for the balance of the year," Freeland concluded.

The Company will provide further details when it reports first quarter financial results, currently scheduled for the end of April.