Cynosure Selected as Exclusive Technology Provider for U.K.-Based sk:n Laser Clinics
September 21 2006 - 9:30AM
PR Newswire (US)
WESTFORD, Mass., Sept. 21 /PRNewswire-FirstCall/ -- Cynosure, Inc.
(NASDAQ:CYNO), a leading developer and manufacturer of a broad
array of light-based aesthetic treatment systems, today announced
that it has entered into an agreement to become the exclusive
technology provider for new skin treatment clinics being opened by
sk:n Ltd. in the United Kingdom. Under the agreement, Cynosure will
supply laser systems for all new sk:n clinics, which are expected
to begin opening within the next year. These products include the
Cynergy(R) workstation with MultiPlex(TM) technology vascular laser
system, Affirm(TM) skin rejuvenation laser system, Apogee Elite(TM)
hair removal system and Affinity QS(TM) tattoo removal laser. Under
the agreement, Cynosure will train sk:n engineers in the use of the
products and provide marketing support. "Further expansion in the
European market is a key component of our strategy, so we are
delighted about the opportunity to serve as the exclusive
technology provider for a leader in the U.K. aesthetic market,"
said Cynosure Chairman and CEO Michael R. Davin. "We believe sk:n
is aggressively building its brand in the U.K. to enable it to
serve growing consumer demand for aesthetic skin treatments. We
expect Cynosure's award-winning technologies to play an important
role in supporting this growth." Andy Randall, managing director of
sk:n Ltd., commented, "Our goal is to expand from our 17 current
locations to over 50 sites over the next three years, and we must
have the right technology partners to achieve that objective. I am
pleased that our relationship with Cynosure will bring our clients
a range of treatments such as laser hair and vein removal, and
other anti-aging treatments using for example the Affirm.
Cynosure's leading-edge technologies convinced us they are the
ideal partner for us in our ambition to expand in the U.K market."
About Cynosure, Inc. Cynosure, Inc. develops and markets aesthetic
treatment systems that are used by physicians and other
practitioners to perform non-invasive procedures to remove hair,
treat vascular lesions, rejuvenate skin through the treatment of
shallow vascular and pigmented lesions and temporarily reduce the
appearance of cellulite. Cynosure's products include a broad range
of laser and other light-based energy sources, including
Alexandrite, pulsed dye, Nd:YAG and diode lasers, as well as
intense pulsed light. Cynosure was founded in 1991. For corporate
or product information, contact Cynosure at 800-886-2966, or visit
http://www.cynosurelaser.com/. About sk:n Laser Clinics sk:n is a
leading provider of laser skin rejuvenation treatments and products
in the U.K. With 17 clinics operating in the U.K. treating over
15,000 clients a month, sk:n plans to expand to 50 sites in the
U.K. over the next three years. All sk:n clinics are fully
registered with the UK Healthcare Commission, and three are located
within NHS Trust Hospitals. Dermatologist Dr. Sean Lanigan is the
group's medical director with clinical directors also in place at
all locations, supported by consultant dermatologists, nurses and
therapists. More information is available at
http://www.lasercare-clinics.co.uk/. Safe Harbor Statements in this
press release about future expectations, plans and prospects for
Cynosure, Inc., including statements containing the words
"believes," "anticipates," "plans," "expects," "will" and similar
expressions, constitute forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including Cynosure's history of operating losses, its
reliance on sole source suppliers, its inability to control sk:n
and ensure sk:n's performance of its obligations under the
agreement, the inability to accurately predict the timing or
outcome of regulatory decisions, timing of the company's launch of
the Affirm system, changes in consumer preferences, competition in
the aesthetic laser industry, economic, market, technological and
other factors discussed in Cynosure's most recent Annual Report on
Form 10-K and Quarterly Report on Form 10-Q, which are filed with
the Securities and Exchange Commission. In addition, the
forward-looking statements included in this press release represent
Cynosure's views as of the date of this press release. Cynosure
anticipates that subsequent events and developments will cause its
views to change. However, while Cynosure may elect to update these
forward-looking statements at some point in the future, it
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing Cynosure's views as of any date subsequent to the date
of this press release. Contact: Scott Solomon Vice President Sharon
Merrill Associates, Inc. 617-542-5300 DATASOURCE: Cynosure, Inc.
CONTACT: Scott Solomon, Vice President, of Sharon Merrill
Associates, Inc. for Cynosure, Inc., +1-617-542-5300, Web site:
http://www.cynosurelaser.com/ http://www.lasercare-clinics.co.uk/
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