Company Expands Global Reach of Flagship System for Hair Removal WESTFORD, Mass., June 26 /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 its Elite(TM) family of laser workstations in China. "We are excited about the opportunity to market and sell our Elite, Apogee 5500 and Acclaim 7000 laser workstations in the fast-growing Chinese market," said Cynosure President and Chief Executive Officer Michael Davin. "As global demand for aesthetic laser procedures continues to increase, and as Chinese consumers seek effective, high-quality treatment options, we believe our Elite family of products will provide a competitive solution for those seeking laser cosmetic treatments." The Elite workstation combines the Apogee 5500 system, which contains a short wavelength 755 nm Alexandrite laser for lighter skin types, and the Acclaim 7000 system, which is equipped with a high-powered 1064 nm Nd:YAG laser for use on tan and darker skin types to permanently remove hair. The 5500 and 7000 systems can be sold as stand alone systems and upgraded in the field to achieve the full versatility of the Elite. In addition, the Elite can be used to treat benign epidermal pigmented lesions such as age spots, sunspots and freckles, as well as leg and facial veins. "Cynosure also has applied for regulatory approvals in China for other current flagship products," Davin said. "We expect that, upon approval, these products will allow us to address additional opportunities in the Chinese market." In December 2006, the company established a wholly-owned subsidiary in China. 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 This press release about future expectations, plans and prospects for Cynosure in the People's Republic of China includes 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 Cynosure's success in China, 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, Sharon Merrill Associates, Inc., +1-617-542-5300, Web site: http://www.cynosure.com/

Copyright

Cynosure (NASDAQ:CYNO)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Cynosure Charts.
Cynosure (NASDAQ:CYNO)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Cynosure Charts.