Healthcare Industry News: RT Technology
News Release - January 9, 2007
Cynosure Chosen as Provider of Fractional Anti-Aging Technology for American Laser CentersNation's Largest Network of Physician-Sponsored Aesthetic Clinics to Private Label Cynosure's New Affirm(TM) Aesthetic Workstation
WESTFORD, Mass., Jan. 9 (HSMN NewsFeed) -- Cynosure, Inc. (Nasdaq: CYNO ), a leading developer and manufacturer of lasers and pulsed light sources, today announced that American Laser Centers, a leading U.S. provider of laser hair removal, skin rejuvenation and cellulite reduction therapy, has selected Cynosure's Affirm(TM) aesthetic workstation to provide fractional anti-aging technology.
The Affirm system is a single platform, multi-energy technology designed for anti-aging applications, including skin rejuvenation and treatments for wrinkles, skin texture and discoloration. The Affirm system features Cynosure's proprietary Combined Apex Pulse(SM) (CAP) technology, a disposable microlens array for reducing the appearance of wrinkles and scars with micro-rejuvenation capabilities to create a more complete skin treatment. The precision of the CAP technology allows providers to treat patients more rapidly and with greater comfort than other products available on the market today.
"We are excited about the benefits that the Affirm system can provide to our clients," said American Laser Centers President and CEO Richard Morgan. "As consumers seek the most advanced and innovative skin rejuvenation treatments, our selection of Cynosure for this anti-aging technology is based on our research and the Affirm system's superior clinical results and treatment efficacy."
According to Millennium Research Group's "U.S. Markets for Aesthetic Lasers 2006" report, the skin rejuvenation market is expected to experience an 18 percent annual growth rate, and will represent a $239.4 million industry in 2010, with approximately 4.4 million annual procedures.
"We are delighted to work with such a renowned clinic, and expect to continue providing our Affirm system as American Laser Center rolls out its fractional anti-aging treatment offerings. We believe this further demonstrates that Cynosure's technology suite continues to lead the industry for the best in aesthetic laser applications. With more than 150 locations throughout the United States, American Laser Center has built a well-deserved reputation as a premier provider of effective and safe laser therapies," said Cynosure Chairman and CEO Michael Davin.
About American Laser Clinics
Headquartered in Farmington Hills, Mich., American Laser Centers is a leading U.S. laser hair removal, skin rejuvenation, and cellulite reduction therapy company. American Laser Centers offers clients laser hair removal, skin rejuvenation, and cellulite reduction therapy using state-of-the-aRT Technology under a doctor-supervised regimen. American Laser Centers offers the industry's only written two-year guarantee for laser hair removal.
The company also offers the AmeriPure line of skincare products. Designed for all skin types, the AmeriPure products are specially formulated to maximize treatment outcomes after laser hair removal. Information on American Laser Centers is available by calling 877-252-8922 or on the Web at www.americanlaser.com.
About Cynosure, Inc.
Cynosure, Inc. develops and markets aesthetic treatment systems that are used by physicians and other practitioners to perform non-invasive procedures to remove hair, treat vascular lesions, rejuvenate skin through the treatment of shallow vascular and pigmented lesions 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 www.cynosurelaser.com.
Any statements in this press release about future expectations, plans and prospects for Cynosure's sales of its Affirm system, including 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.
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