FARO Announces New 4D Construction Progress Management Solution Uniting Point Cloud Data and 360° Reality Capture

Rhea-AI Summary

FARO Technologies, Inc. (Nasdaq: FARO) has launched its new 4D Construction Progress Management Solution on the Sphere SaaS platform. This solution facilitates efficient data capture and analysis for construction professionals, enhancing site updates and collaboration. Key features include the Sphere Viewer, which unifies 3D models and point cloud data, and ProgressAI, which employs AI for progress reporting. The solution is expected to debut later this year at Autodesk University, further advancing FARO's position in the digital reality insights market.

Positive

• Launch of the 4D Construction Progress Management Solution enhances FARO's market offerings.
• Sphere Viewer integrates various capture devices, increasing user accessibility and project comparison.
• Utilization of AI through ProgressAI for more efficient site progress tracking.
• The Robotics API allows integration with robotics, starting with Spot from Boston Dynamics, expanding operational capabilities.

Negative

• None.

LAKE MARY, Fla., Sept. 27, 2022 /PRNewswire/ -- FARO^® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality insights, today announced the 4D Construction Progress Management Solution, available on FARO's Sphere SaaS platform. Sphere provides a central location for users to capture, view, share and analyze reality capture data allowing construction and operation professionals to benefit from faster site updates, easier virtual collaboration and more reliable progress insights. The 4D Construction Progress Management Solution is being presented today at Autodesk University, a major industry conference, and is expected to be released later this year.

The central component to the 4D Construction Progress Management Solution is the Sphere Viewer, which leverages a combination of high-end visualization technology, smart navigation, photogrammetry and artificial intelligence to create a comprehensive virtual jobsite. Developed by FARO's 360° reality capture and point cloud technology experts, the new viewer analyzes point clouds and 360° photos in a unified environment, removing reality capture data silos and enabling faster analysis.

In addition to the Sphere Viewer, the solution includes: VideoMode, which uses 360° videos to enable faster and easier site documentation, ProgressAI, which uses artificial intelligence to detect and report site progress, as well as a brand-new Robotics API. The new API allows robotic manufacturers to integrate and directly import reality captured data from robots straight into the virtual jobsite. The first robot to leverage the Robotics API will be Spot from Boston Dynamics.

"The 4D Construction Progress Management Solution will deliver unmatched insights for our customers," said Patrick Bohle, President, FARO Building Insights. "Our 4D solution brings together 3D models from different capture devices and different accuracy levels to ease navigation, increase user accessibility, and enable unprecedented progress management with the ability to report, verify and compare all angles of a project over time."

"Having been involved in the development of the 4D Construction Progress Management Solution as a long-time engaged customer of HoloBuilder as well as FARO, I am thrilled to witness this combined solution come to fruition. For the first time, we can unite speed, accuracy and analytics capabilities of stationary and mobile 3D laser scanning as well as 360° photo and video," added Will Plato, Senior VDC Manager at Hensel Phelps, a leader in general contract and construction work for the planning, building and management of landmark buildings. "Gone are the days of static, standalone point cloud and 360° projects."

About FARO
FARO serves the AEC (Architecture, Engineering & Construction), O&M (Operations & Maintenance), 3D Metrology, and Public Safety Analytics markets. For over 40 years, FARO has been a pioneer in #RealityCapture, bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy, providing industry-leading technology solutions that enable customers to measure their world and use that data to make smarter decisions faster. For more information, visit www.faro.com.

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SOURCE FARO

FAQ

What is FARO's new 4D Construction Progress Management Solution?

FARO's 4D Construction Progress Management Solution is a new offering on the Sphere SaaS platform designed to improve the efficiency of data capture and analysis in construction projects.

When will the 4D Construction Progress Management Solution be released?

The solution is expected to be released later this year, as announced on September 27, 2022.

What key features does the 4D Construction Progress Management Solution offer?

Key features include the Sphere Viewer, ProgressAI for AI-driven site progress reporting, and a Robotics API for integrating captured data from robotics.

How does the Sphere Viewer enhance construction project management?

The Sphere Viewer unifies 3D models and point cloud data, allowing for improved navigation and comparison of project insights over time.

What role does AI play in FARO's 4D Construction Progress Management Solution?

AI is utilized through ProgressAI to detect and report site progress, streamlining documentation and project management.