Candela Corporation and Chindex International Announce Exclusive Distribution Agreement for China.BETHESDA, Md. -- Candela candela (kăndĕ`lə), in weights and measures: see candle. A unit of measurement of the intensity of light. Part of the SI system of measurement, one candela (cd) is the monochromatic radiation of 540THz with a radiant intensity Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLZR), a pioneer in the development and commercialization of aesthetic laser systems, and Chindex International, Inc. (NASDAQ:CHDX), a leading independent American provider of western healthcare products and services in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, jointly announced today an exclusive, multi-year distribution agreement for the People's Republic of China, including Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . Under the terms of the agreement, Chindex will market and distribute the extensive Candela product line of aesthetic laser systems to dermatologists, plastic surgeons, family practitioners, OB/GYNs, and general and vascular surgeons throughout the healthcare industry in China. The Candela products offer technologies for hair removal, wrinkle Wrinkle A feature of a new product or security intended to entice a buyer. reduction, the treatment of vascular and pigmented lesions, tattoos, acne, and atrophic acne scars. Chindex President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Roberta Lipson, said that the emerging market for aesthetic laser treatment in China is very significant. "In the quickly growing economies of the urban cities in China China is a geographical area encompassing multiple territories, under two states. You may be looking for:
"We believe Candela and Chindex will make a great team." Lipson said. "We have already had a Candela Laser Clinic and Training Center at our company's Beijing United Family Hospital for the past year. The Center treats patients of the hospital, as well as trains new and potential customers of Candela in China. Both patient and market reaction have been very impressive. This highlights the synergistic qualities between the products and healthcare services divisions of Chindex, as well as our strong basis for confidence in future laser sales." Candela President and CEO, Gerard E. Puorro, said: "Strategically, Chindex is the right partner at the right time. They possess strong distribution skills in China in both capital equipment and cosmetics. Together we look forward to expanding the Chinese market for laser cosmetics and aesthetics." About Chindex International, Inc. Chindex is an American company operating in several healthcare sectors of the Chinese marketplace, including Hong Kong. It provides representative and distribution services to a number of major multinational companies including Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. (ultrasound systems), and Guidant (interventional cardiology interventional cardiology Cardiology The subspecialty of cardiology dedicated to the diagnosis, medical and mechanical therapy, pre- and post-procedure management of adult patients with acute and chronic forms of cardiovascular disease amenable to catheter-based products including stents, balloon catheters and guide wires). Its distribution channels to the retail pharmacy industry in China have been developed through a relationship with a major multinational cosmetics manufacturer. It also provides healthcare services through the operations of its private hospital corporation in China. With twenty-three years of experience, over 700 employees, and operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , China and Hong Kong, the Company's strategy is to expand its cross-cultural reach by providing leading edge technologies, quality products and services to Greater China's professional communities. Further company information may be found at the Company's websites, www.chindex.com and www.umitedfamilyhospitals.com. About Candela: Candela Corporation, an ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001 certified company, develops, manufactures, and distributes innovative clinical solutions that enable physicians, surgeons, and personal care practitioners to treat selected cosmetic and medical conditions See carpal tunnel syndrome, computer vision syndrome, dry eyes and deep vein thrombosis. using lasers, aesthetic laser systems, and other advanced technologies. Founded near Boston in 1970, the company markets and services its products in over 64 countries from offices in the United States, Europe, Japan and other Asian locations. Candela established the aesthetic laser market 15 years ago, and currently has an installed base of over 7,000 lasers worldwide. Candela is an Equal Opportunity and Affirmative Action affirmative action, in the United States, programs to overcome the effects of past societal discrimination by allocating jobs and resources to members of specific groups, such as minorities and women. Employer (Male/Female/Handicapped/Veteran). Visit Candela on the Web at http://www.candelalaser.com. The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to the Company's (i) successful marketing and distribution of new products, including aesthetic laser systems, (ii) performance goals, including successful conclusion of efforts to secure government-backed financing, (iii) future events and earnings, including revenues from the Company's developmental businesses such as healthcare services, (iv) markets, including growth in demand in China for the Company's products and services, and (v) proposed new operations, including expansion of its healthcare services business. Actual results, events and performance may differ materially. 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. |
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