HAYWARD, Calif.
and FRAMINGHAM, Mass., Sept. 12,
2012 /PRNewswire/ -- Solta Medical, Inc. (NASDAQ: SLTM)
and BTL Industries, Inc. today announced that they have reached an
agreement involving certain Thermage® patents held by Solta
Medical.
Terms of the Agreement
BTL agrees that the disputed patents regarding Thermage are
valid and enforceable. As a result of the agreement, Solta
Medical has granted BTL a covenant not to sue under certain of its
skin tightening patents and patent applications for BTL's
manufacture and sale of its Exilis® product. BTL agreed to
pay Solta Medical a 5% royalty on its past and future sales of
Exilis products in the US. Royalties owed on past sales
through June 30, 2012 are
approximately $1 million. Payment for
one-half of the past royalties owed will occur on or before
September 30, 2012 followed by two
equal payments for the remaining balance on December 31, 2012 and March 31, 2013. Royalties on sales after
June 30, 2012 will be paid within
sixty days of the end of each calendar quarter. Additional
terms of the settlement remain confidential.
"We are pleased we were able to reach an amicable agreement
without litigation while protecting our proprietary position in
skin tightening technology. The agreement once again reaffirms the
value of our patents," said Stephen J.
Fanning, Chairman, President and CEO of Solta Medical,
Inc. "Solta Medical has invested more than 16 years
developing, validating, and creating a strong IP portfolio and we
will continue to invest in the scientific research needed to
develop new, non-invasive aesthetic procedures." Solta
Medical currently holds over 120 United States patents, and has
additional patents issued and pending worldwide.
Marcel Besse, President of BTL
Industries Inc. said, "All of us at BTL Industries Inc. are pleased
with this agreement and look forward to refocusing our energies on
the mission to deliver valuable technology to the Aesthetic Market
with the support we are getting recognized for."
ABOUT SOLTA MEDICAL, INC.
Solta Medical, Inc. is a global leader in the medical
aesthetics market providing innovative, safe, and effective
solutions for patients that enhance and expand the practice of
medical aesthetics for physicians. The company offers six aesthetic
energy devices to address a range of issues, including skin
resurfacing and rejuvenation with Fraxel® and Clear + Brilliant®,
body contouring and skin tightening with Liposonix® and Thermage®
and acne reduction with Isolaz® and CLARO®.
As the innovator and leader in fractional laser technology,
Fraxel delivers minimally invasive clinical solutions to resurface
aging and sun damaged skin. Clear + Brilliant is a unique,
cost–effective treatment to prevent and improve the early signs of
photoaging utilizing Fraxel technology. For body contouring,
Liposonix is a non–surgical treatment to reduce waist circumference
with advanced high–intensity focused ultrasound (HIFU) technology
to permanently destroy targeted fat beneath the skin. Thermage is
an innovative, non–invasive radiofrequency procedure for tightening
and contouring skin. Isolaz was the first laser or light based
system indicated for the treatment of inflammatory acne, comedonal
acne, pustular acne, and mild–to–moderate inflammatory acne. CLARO
is a personal care acne system that is the first FDA cleared
over–the–counter IPL device that uses a powerful combination of
both heat and light to clear skin quickly and naturally. More than
two million procedures have been performed with Solta Medical's
portfolio of products around the world. For more information about
Solta, call 1-877-782-2286 or log on to www.solta.com.
ABOUT BTL INDUSTRIES, INC.
Headquartered in Prague,
the Czech Republic, BTL Industries
designs, manufactures and sells a wide range of medical
equipment. Over the last twenty years, BTL Industries has
been recognized as a leader in both Physiotherapy and Cardiology
devices worldwide. Founded in 2009, BTL Industries' aesthetic
division takes the company into cosmetic medicine with non-surgical
devices that represent the best in skin tightening, facial
rejuvenation, body contouring, fat reduction, anti-wrinkle, and
anti-cellulite care. BTL Industries endeavors to bring the
finest state of the art technology products to the market,
fulfilling the highest standards of excellence, quality and
reliability, delivering premium value and service to its
customers. For more information, please visit
www.exilis.com.
© 2012 Solta Medical, Inc. All rights reserved. Thermage,
Fraxel, Isolaz, Clear + Brilliant, CLARO, Liposonix and Solta
Medical are trademarks or registered trademarks of Solta Medical,
Inc. or its subsidiaries.
SOURCE Solta Medical, Inc.