Cynosure Receives Regulatory Approval for Smartlipo LaserBodySculpting(SM) Workstation in Canada
June 12 2007 - 9:30AM
PR Newswire (US)
Company Gains New Market for Its Ground-Breaking Laser-Assisted
Lipolysis Technology WESTFORD, Mass., June 12
/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 received
regulatory clearance to market and sell the Smartlipo
LaserBodySculpting(SM) Workstation in Canada. "We are delighted
about the opportunity to make the Smartlipo procedure available to
Canadians," said Cynosure President and Chief Executive Officer
Michael Davin. "With this approval, all five of our flagship
products, including the Affirm(TM) Anti-Aging Workstation, the
Cynergy(TM) Vascular Workstation, the TriActive(TM) Cellulite
Workstation and the Elite(TM) Aesthetic Workstation are being
marketed in Canada, enabling us to offer the Canadian medical
community a comprehensive range of aesthetic and anti-aging
solutions." Introduced by Cynosure in January, the minimally
invasive Smartlipo Workstation is an innovative system designed as
an alternative to traditional liposuction in patients with smaller
areas of localized fat. The system's proprietary pulsing format
delivers laser energy that liquefies localized deposits of fat that
is then removed through a cannula. In addition, the laser energy
coagulates the tissue, thereby sculpting body contours and
tightening the skin. The procedure generally causes less bleeding,
swelling and bruising than traditional liposuction, resulting in
fewer complications and faster recovery. Cynosure received U.S.
Food and Drug Administration clearance to market Smartlipo in the
fourth quarter of 2006. Dr. Barry A.S. Lycka, an internationally
known cosmetic dermatologist and surgeon who practices in Edmonton,
Alberta, Canada, said, "Consumers today place a priority on looking
healthier and more youthful. By enhancing a patient's appearance,
the Smartlipo Workstation has the ability to improve overall
quality of life, without the potentially serious complications and
lengthy recovery times of traditional liposuction. Smartlipo's
ability to target localized deposits of fat, and treat multiple
areas in a single session, make this an exciting and promising
technology." Cynosure's Smartlipo family of products is composed of
a 6-watt workstation as well as a newly launched 10-watt
workstation designed for higher volume aesthetic practices. The
Company currently has a 10-person specialty surgical sales force
dedicated to marketing Smartlipo workstations throughout North
America. 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,
laser lipolysis 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.cynosure.com/ . Safe
Harbor Any statements in this press release about future
expectations, plans and prospects for Cynosure, Inc., including
statements about expectations stemming from Health Canada clearance
of the Smartlipo LaserBodySculpting(SM) Workstation, constitute
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements contain
the words "believes," "anticipates," "plans," "expects," "will" and
similar expressions. 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, the
inability to accurately predict the success of the Smartlipo
Workstation, changes in consumer preferences, competition in the
aesthetic laser industry as well economic, market, technological
and other factors discussed in Cynosure's most recent Annual Report
on Form 10-K, which is 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., +1-617-542-5300, Web site:
http://www.cynosurelaser.com/
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