Lake Mary, FL, January 17, 2017 - FARO® (NASDAQ: FARO), the world’s most trusted source for 3D measurement and imaging solutions for factory metrology, product design, construction BIM/CIM, public safety-forensics and 3D solutions and services applications, is honored to be recognized as having one of the most valuable patent portfolio for Scientific Instruments in the Patent Power 2016 rankings (source: IEEE Spectrum 12/26/16).
The Patent Power scorecards are based on objective, quantitative benchmarking of the patent portfolios of more than 6,500 leading commercial enterprises, academic institutions, nonprofit organizations, and government agencies worldwide. This benchmarking—carried out by 1790 Analytics, based in Haddonfield, N.J.—takes into account not only the size of organizations’ patent portfolios but also their quality, as reflected in characteristics such as growth, impact, originality, and general applicability.
“We are thrilled that the innovation of the FARO organization continues to accelerate and continues to be recognized” stated Dr. Simon Raab, FARO President and CEO. “This is a direct reflection of our continuing investment in our human intellectual property as well our longstanding commitment to move the market forward by delivering not only technology forward product and solutions, but also in breakthroughs in the man-machine interaction”.