Coherent's Novus Verdi Diode-Pumped Green Photocoagulator Receives FDA Clearance for Ophthalmic Use.SANTA CLARA, Calif.--(BW HealthWire)--May 18, 1999-- Coherent, Inc. (Nasdaq: COHR COHR Congolese Observatory of Human Rights ) announced today that the Novus(R) Verdi(R) Diode Pumped Green Photocoagulator received clearance from the U.S. Food & Drug Administration for ophthalmic use. This represents Coherent's anticipated introduction of a fully solid state green photocoagulator to the market that the company created with the introduction of the first green laser photocoagulator in 1970. The Novus Verdi is a product brought to market through a collaborative agreement between Coherent and Quantel Medical of France, the first company to introduce a diode-pumped green photocoagulator in 1995. "The refined optical design of Coherent's fiber based laser delivery devices coupled with Quantel's quality controlled manufacturing of the laser console, add up to a product offering that meets the exacting standards that ophthalmologists have come to expect from Coherent," said Peter Falzon, Director of Ophthalmic Marketing at Coherent, Inc. "We are pleased about bringing this collaborative project full circle and look forward to offering ophthalmologists this new technology choice for treating patients with sight threatening retinal diseases and glaucoma glaucoma (glôkō`mə), ocular disorder characterized by pressure within the eyeball caused by an excessive amount of aqueous humor (the fluid substance filling the eyeball). , backed by the customer service support that is the hallmark of Coherent's ophthalmology business." The Novus Verdi joins Coherent's Novus(R) Omni(TM) multi-color photocoagulator, Novus(R) 2000 argon argon (är`gŏn) [Gr.,=inert], gaseous chemical element; symbol Ar; at. no. 18; at. wt. 39.948; m.p. −189.2°C;; b.p. −185.7°C;; density 1.784 grams per liter at STP; valence 0. laser photocoagulator, and Ultima(R) 2000 portable argon laser photocoagulator as the newest addition to a complete line of products and accessories for ophthalmologists performing laser photocoagulation photocoagulation /pho·to·co·ag·u·la·tion/ (-ko-ag?u-la´shun) condensation of protein material by the controlled use of an intense beam of light (e.g. . "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act 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 related to currency adjustments, contract cancellations, manufacturing risks, competitive factors, uncertainties pertaining to customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. 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. Readers are encouraged to refer to the risk disclosures described in the Company's reports on Forms 10-K, 10-Q and 8K, as applicable. Coherent, Inc., of Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , is a Standard & Poor's SmallCap 600 company and a global leader in design, manufacture and sale of lasers, laser systems, precision optics and related accessories. Founded in 1966, Coherent pioneered the development of lasers used in medical applications, including ophthalmology, obstetrics and gynecology obstetrics and gynecology Medical and surgical specialty concerned with the management of pregnancy and childbirth and with the health of the female reproductive system. , and aesthetic surgery aesthetic surgery n. Plastic or cosmetic surgery. . Today, Coherent sells its products in more than 75 countries. Please direct any questions to Peter Schuman, Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. at (408) 764-4174. For more information about Coherent, visit our Web site at http://www.cohr.com. To receive a full text copy of this press release by fax, please call (877) 329-2647. |
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