Cynosure Announces Exclusive Distribution Agreement for Smartlipo(TM) With Eclipse Medical Ltd.
January 24 2007 - 8:30AM
PR Newswire (US)
Eclipse Medical will offer Cynosure's Smartlipo laser lipolysis
system to physicians and spas in four southern states WESTFORD,
Mass., Jan. 24 /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 signed an exclusive distribution agreement for its
Smartlipo(TM) laser lipolysis system with Eclipse Medical Ltd., a
leading distributor of aesthetic high-tech medical devices and
supplies. Under the three-year agreement, Eclipse Medical will have
exclusive distribution rights for Smartlipo in a four-state region
in the southern United States, including Texas, Louisiana, Arkansas
and Oklahoma. Smartlipo(TM) is a new, innovative laser lipolysis
system that provides aesthetic surgeons a less-invasive method for
reducing fat cells. The Smartlipo LaserBodySculpting(SM) procedure
enables aesthetic surgeons to treat localized deposits of fat
through tissue coagulation, leading to skin tightening. "Eclipse
Medical is one of the top U.S. distributors of aesthetic medical
devices, and we are excited to partner with them," said Michael R.
Davin, CEO of Cynosure. "This agreement greatly expands the reach
of our newest flagship product -- Smartlipo. While Smartlipo is an
emerging product, we have found that its launch has generated
substantial interest among our target audiences. To capitalize on
this demand, we are focused on identifying the most appropriate
distribution channels for each geographic region. Although we
expect the vast majority of our Smartlipo distribution will be
direct, our agreement with Eclipse Medical affords us the ability
to rapidly expand our presence in the southern U.S. market." Tom
O'Brien, CEO of Eclipse Medical, said, "Offering leading-edge,
breakthrough products to our clients is a fundamental part of
Eclipse Medical's mission. With this agreement, we now have the
opportunity to exclusively sell Cynosure's innovative Smartlipo
product to our extensive network of physicians and spas. These
customers can now offer their patients -- who may not be candidates
for traditional liposuction -- a new minimally invasive option to
help sculpt their bodies and achieve positive results." About
Cynosure, Inc. Cynosure, Inc. develops and markets aesthetic
treatment systems that are used by physicians and other
practitioners to perform non-invasive and minimally invasive
procedures to remove hair, treat vascular lesions, rejuvenate skin
through the treatment of shallow vascular and pigmented lesions,
remove unwanted fat 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/. Any statements in this press release
about future expectations, plans and prospects for Cynosure, Inc.,
including statements about the future use and market acceptance of
the Smartlipo laser lipolysis system, the ability of Eclipse
Medical to successfully sell the Smartlipo laser lipolysis system,
the markets in which Cynosure's products are sold, and other
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 our history of
operating losses, our reliance on sole source suppliers,
competition in the aesthetic laser industry, economic, market,
technological and other factors discussed in Cynosure's Annual
Report on Form 10-K filed with the SEC. 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, Sharon Merrill Associates,
Inc., +1-617-542-5300, or , for Cynosure, Inc. Web site:
http://www.cynosurelaser.com/
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