The
integration of the Ultrashape business will begin immediately and its products,
which are approved and commercially available in Europe, Canada, Latin America
and Asia, will now be available through Syneron's worldwide network of direct
and distributor sales channels.
Louis P. Scafuri, Chief Executive Officer of
Syneron Medical, said, "The addition of Ultrashape's unique focused
ultrasound technology will provide Syneron immediate entry into the large and
attractive global market for fat cell destruction and body sculpting.
Ultrashape's technology provides a differentiated, physician and patient
friendly, non-invasive treatment for de-bulking and body sculpting of normal to
overweight patients.
We see tremendous opportunity to leverage our
global channel to market capabilities to drive adoption of the Ultrashape
system and, combined with our pipeline of new body contouring products, become
the market leader in the category. We are very excited to welcome the
Ultrashape team to Syneron and look forward to working with them to begin our
U.S. clinical trial and continue broadening global exposure for this important
technology."
About
Syneron Medical Ltd.
Syneron Medical Ltd. (NASDAQ: ELOS) is the
leading global aesthetic device company with a comprehensive product portfolio
and a global distribution footprint. The Company's technology enables
physicians to provide advanced solutions for a broad range of medical-aesthetic
applications including body contouring, hair removal, wrinkle reduction,
rejuvenation of the skin's appearance through the treatment of superficial
benign vascular and pigmented lesions, and the treatment of acne, leg veins and
cellulite.
The Company sells its products under two distinct
brands, Syneron and Candela. Founded in 2000, the corporate, R&D, and
manufacturing headquarters for Syneron Medical Ltd. are located in Israel.
Syneron also has R&D and manufacturing operations in the US. The Company
markets, services and supports its products in 90 countries. It has offices in
North America, France, Germany, Italy, Portugal, Spain, UK, Australia, China,
Japan, and Hong Kong and distributors worldwide.
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