IRIDEX Adds MICRORUPTOR V Nd:YAG Laser to U.S Product Line.Business Editors/Health & Medical Writers MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Feb. 11, 2003 IRIDEX Corporation (NASDAQ/NMS:IRIX A Unix-based operating system from SGI that is used in its computer systems from desktop to supercomputer. It is an enhanced version of Unix System V Release 4. IRIX integrates the X Window system with OpenGL, creating the first real time 3D X environment. ) announced completion of an agreement with MERIDIAN, a company based in Thun, Switzerland, to be the exclusive U.S. distributor for the MICRORUPTOR V(TM)(MRV MRV minute respiratory volume. ) Nd:YAG laser system. The MICRORUPTOR V photodisruptor, built using Swiss optics provided by Haag-Streit, is regarded as a top-of-the-line Q-switched Nd:YAG laser system and is used primarily to treat patients with forms of secondary cataracts, 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). or fine membranes near the pupil that interfere with vision. The addition of the MICRORUPTOR V to IRIDEX' product line will significantly enhance the Company's product offering to the comprehensive ophthalmologist ophthalmologist /oph·thal·mol·o·gist/ (of?thal-mol´ah-jist) a physician who specializes in ophthalmology. oph·thal·mol·o·gist n. A physician who specializes in ophthalmology. . "The clinical effectiveness, quality, and reliability of the MICRORUPTOR V have been clearly established by the widespread product acceptance in Europe and Asia. We are pleased to partner with MERIDIAN and add the MICRORUPTOR V to our laser line," said Eduardo Arias Eduardo Arias is a Panamanian environmental analyst whose discovery of contaminated toothpaste saved lives by alerting the public to potentially poisonous products purchased from China. , Senior Vice President of Business Development at IRIDEX. "The MICRORUPTOR V, together with our IRIS Medical(R) OcuLight(R) laser photocoagulators, will create an offering of greater appeal to high-volume, comprehensive ophthalmic practices." "We recently received FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance for the MICRORUPTOR V laser for posterior capsulotomy capsulotomy /cap·su·lot·o·my/ (kap?su-lot´ah-me) incision of a capsule, as that of the lens, the kidney, or a joint. cap·su·lot·o·my n. , peripheral iridotomy, and pupillary pu·pil·lar·y adj. Of or affecting the pupil of the eye. pupillary pertaining to or emanating from the pupil. pupillary aperture the pupil. membranectomy procedures and wanted to find a well known company with a strong reputation and history in the laser market to distribute this product for us. IRIDEX' reputation as a laser specialist and its experienced laser sales force made them a natural partner for this endeavor," said Hans Hodel, President of MERIDIAN. The MICRORUPTOR V laser is integrated on to a Haag-Streit 900BQ(R) Slit Lamp Slit lamp A microscope that projects a linear slit beam of light onto the eye; allows viewing of the conjunctiva, cornea, iris, aqueous humor, lens, and eyelid. Mentioned in: Corneal Abrasion, Eye Examination, Uveitis for the highest quality optics, ergonomically designed for ease of use and wheelchair accessibility, and incorporates unique system features for increased treatment precision and superior clinical performance. The MICRORUPTOR V photodisruptor will be sold and supported by IRIDEX as part of IRIDEX' product offering expansion for the ophthalmic market. About IRIDEX IRIDEX Corporation is a leading worldwide provider of semiconductor-based laser systems for the ophthalmology and aesthetics markets. IRIDEX products are sold in the United States through a direct sales force and internationally through 58 independent distributors into 96 countries. For further information, visit the Company's website at www.iridex.com. About MERIDIAN MERIDIAN has a long history of providing Nd:YAG laser photodisruptors for the ophthalmic community. The Company is based in Thun, Switzerland and its Nd:YAG technology goes back for decades beginning with LASAG. MERIDIAN specializes in the development, manufacturing and servicing of high quality ophthalmic products. MERIDIAN products are distributed exclusively by IRIDEX in the USA and by independent distributors in other countries. For further information, visit the Company's website at www.meridian.ch. 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 This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Act of 1934, as amended. Statements regarding market acceptance of the MICRORUPTOR V as well as statements relating to the future sales of the laser, the impact of the MICRORUPTOR V on sales of IRIDEX' existing ophthalmic product line and expectations of future sales growth are preliminary and forward looking. Actual results could differ materially from those expressed or implied by such forward-looking statements based on, among other things, delays in shipments, the actual order and shipment rate, risks associated with bringing the MICRORUPTOR V product to market, the impact of the continuing economic downturn on sales of the laser, and the difficulty forecasting anticipated revenues for this product and competition. Please see a detailed description of these risks contained in our Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 29, 2001 filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and will not be updated. IRIS Medical, OcuLight, and IRIDEX are registered trademarks of IRIDEX Corporation. Haag-Streit 900BQ is a registered trademark of Haag-Streit. MICRORUPTOR V is a trademark of MERIDIAN. |
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