2016 and 2017 have been exciting and exceptionally productive years at FARO®. It’s been almost two years since I returned to an active day to day management role and I am gratified by the success of our 18-months “Going Vertical in Harmony” initiative which ended at the end of Q2 this year.
In addition to enabling us to optimize our approach to service our customers, regardless of geographic location, a renewed focus has driven the vertical business unit structure that is enabling us to develop solutions that address key operational challenges within our chosen vertical markets. Additionally, over the course of this period, we have made strategic acquisitions designed to keep FARO at the forefront of innovation and aligned with our intent to be the most trusted solution provider for 3D measurement in our verticals.
We stated that we would sustain a drumbeat of new products and have made 22 new or revised product announcements since the beginning of 2016. This new drumbeat is led by new product releases in our major platforms of Quantum FaroArms, Vantage Laser Trackers and the V8 Focus Laser Scanner. In addition we introduced the new FaroZone 2D & 3D in public safety, as well as virtual reality (VR) and enhanced reality (ER) capabilities in SCENE 7.1 and in new products such as Visual InspectTM.
We are looking forward to continuing our effort to achieve our goals in 2018 by confirming your trust in us by continuing to provide you technology leadership and profound service and support. Our commitment to you is that the FARO organization will always aim to be at the leading edge, providing value-added and highly productive solutions at reasonable prices. Additionally, we understand the challenges in adopting new technology so we also intend to lead in providing products that provide simple and effective workflows.
For those of you who have chosen FARO as a business partner and for those for who we hope will consider FARO as a business partner, thank you for allowing us to share the FARO story with you this year.