Palomar's PaloVia(R) Laser Wins Allure Magazine's "Best of Beauty" Award
September 20 2011 - 2:00PM
Palomar Medical Technologies, Inc. (Nasdaq:PMTI), a leading
researcher and developer of light-based systems for aesthetic
treatments, announced today that their PaloVia® Skin Renewing
Laser® won the Allure magazine 2011 Best of Beauty award in the
"Big Breakthroughs" category.
For 15 years, the Allure Best of Beauty seal has been recognized
as a premier award in the beauty industry and is held in high
regard by consumers. Eligible products from more than a dozen
beauty categories are vigorously vetted by both Allure editors and
industry experts. Winners are announced every year in the
widely circulated October issue.
The PaloVia Skin Renewing Laser underwent several rounds of
intense inspection and scrutiny to stand among 14 total products
receiving the "Big Breakthrough" award. "We always knew we had a
revolutionary product on our hands," said Joseph Caruso, Chief
Executive Officer of Palomar Medical Technologies. "As the first
and only fractional laser ever to be FDA-cleared for home use, the
PaloVia laser truly is a breakthrough."
Palomar research shows that, although women have increasingly
high awareness of professional aesthetic treatments, overall usage
of these treatments remains low. "Since these women are generally
dissatisfied with their existing anti-aging products," continued
Mr. Caruso, "we see tremendous growth potential – especially with
clinically proven treatments such as laser skin rejuvenation." The
PaloVia laser is the only FDA-cleared, at-home laser clinically
proven to reduce fine lines and wrinkles around the eyes. Now that
it has received the prestigious "Best of Beauty" seal from Allure
magazine, more women will be aware of this at-home opportunity to
achieve dramatic results, with a treatment schedule and price that
work for their lifestyle.
About Palomar Medical Technologies, Inc.:
Palomar is a leading researcher and developer of laser- and
light-based systems for aesthetic treatments.
Palomar pioneered the optical hair removal field, when, in 1997,
it introduced the first high-powered laser hair removal system.
Since then, many of the major advances in light-based hair removal
have been based on Palomar technology.
As a pioneer of fractional technology, Palomar is an owner of
fundamental intellectual property in this area. In December 2009,
Palomar received the first United States Food and Drug
Administration (FDA) clearance for the treatment of stretch marks
using a fractional non-ablative laser. In September 2010, Palomar
received the first FDA clearance for a fractional ablative and
fractional non-ablative combination treatment.
In December 2006, Palomar became the first company to receive a
510(k) over-the-counter (OTC) clearance from the FDA for a new,
patented, home-use, light-based hair removal device. In June 2009,
Palomar became the first company to receive a 510(k) OTC clearance
from the FDA for a new, patented, home-use, laser device for the
treatment of periorbital wrinkles. OTC clearance allows these
products to be marketed and sold directly to consumers without a
prescription. Palomar introduced the PaloVia® Skin Renewing Laser®
in December 2010.
There are now millions of laser- and light-based aesthetic
procedures performed around the world every year in physician
offices, clinics, spas, salons, and homes. Palomar is testing
many new and exciting applications to further advance the aesthetic
market and other surgical applications.
For more information on Palomar and its products, visit
Palomar's website at palomarmedical.com.
With the exception of the historical information contained in
this release, the matters described herein contain forward-looking
statements, including, but not limited to, statements relating to
new markets, future royalty amounts due from third parties,
development and introduction of new products, and financial and
operating projections. These forward-looking statements are neither
promises nor guarantees, but involve risk and uncertainties that
may individually or mutually impact the matters herein, and cause
actual results, events and performance to differ materially from
such forward-looking statements. These risk factors include, but
are not limited to, results of future operations, technological
difficulties in developing or introducing new products, the results
of future research, lack of product demand and market acceptance
for current and future products, the effect of economic conditions,
challenges in managing joint ventures and research with third
parties and government contracts, the impact of competitive
products and pricing, governmental regulations with respect to
medical devices, including whether FDA clearance will be obtained
for future products and additional applications, the results of
litigation, difficulties in collecting royalties, potential
infringement of third-party intellectual property rights, factors
affecting the Company's future income and resulting ability to
utilize its NOLs, and/or other factors, which are detailed from
time to time in the Company's SEC reports, including the report on
Form 10-K for the year ended December 31, 2010 and the Company's
quarterly reports on Form 10-Q. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof. The Company undertakes no obligation to
release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
CONTACT: Investor Contact:
Kerry McAnistan
Investor Relations Assistant
Palomar Medical Technologies, Inc.
(781) 993-2411
ir@palomarmedical.com
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