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FARO Technologies, Inc. (FARO) Acquires Exclusive License from Dimensional Photonics International

FARO Technologies, Inc. (FARO) has acquired an exclusive license from Dimensional Photonics International, Inc. (DPI) for global rights to develop, manufacture and sell the company’s technology and products. Terms of the agreement were not disclosed. The license covers: technology and products, rights to more than 20 existing and pending patents, and rights to certain technology developed and patented by the Massachusetts Institute of Technology.

FARO will establish a new Technology Center of Excellence in the Boston area, close to the existing DPI team, in order to ensure successful technology transfer and also to take advantage of the proximity of the vast technical talent available in the area. The new R&D team will fall under FARO’s current engineering organization headed by Jim West, Senior Vice President of Engineering and Chief Technology Officer.

DPI’s proprietary technology, AccordionFringe Interferometry (AFI), creates a 3-D digital model of a physical object’s surface by immersing it in patterns of light, then recording how the light reflects. Its ability to achieve accuracy of 25 microns or better in a 500mm field of view is world class for a non-contact technology. The technology is complementary to FARO’s existing non-contact offerings.

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