Infinity Leads US $2.7 Million Investment in ReDent-NOVA.TEL AVIV, Israel -- Infinity Venture Capital announced today it is leading a $2.7 million round of investment in ReDent-Nova, developer of a self adjusting file (SAF SAF Safety SAF Society of American Foresters SAF Society of American Florists SAF Secretary of the Air Force SAF Second Amendment Foundation SAF Singapore Armed Forces SAF Students for Academic Freedom SAF Store And Forward ), currently purposed for endodontic Endodontic Pertaining to the inside structures of the tooth, including the dental pulp and tooth root, and the periapical tissue surrounding the root. Mentioned in: Root Canal Treatment endodontic dentistry. Other investors include Maayan Ventures, Infinity's technology incubator, and private investors. "The evolution of ReDent is vintage Infinity. We got involved early on, literally at the inception stage. It was clear from the start that the SAF is going to revolutionize dentistry, amongst other industries. We then proceeded to grow it within the Maayan incubator structure. Today, Infinity has renewed its ongoing support of ReDent, both financially and managerially. The next step will be the successful execution of market leadership," said Amir Gal-Or, Managing Director of Infinity Venture Capital. The investment money announced today will be used to complete the development of the SAF, to support ReDent's clinical trials of the device and to see the company through the U.S. regulatory process. Twenty-seven million root canal treatments are performed in the U.S. annually. Twenty-five million root canal treatments are performed yearly in Western Europe. Currently, root canal treatments require the use of a series of metal files varying in width, strength and diameter. This results in a time consuming procedure that does not always disinfect To remove the virus code that has attached itself to a legitimate file. Sometimes, the antivirus program cannot untangle the code, and the infected file has to be deleted. See quarantine. well, produce a complete cleaning, or satisfactorily remove the tooth's pulp. These are all necessary elements for a successful root canal. "The creation of the SAF signifies the beginning of a new era in endodontic dentistry. The SAF enables a complete and successful root canal operation and with the use of only one file. The SAF improves the cleaning and the shaping of the root canal by adjusting itself to the formation of the root canal. The SAF follows the contours of the root canal and enlarges it to a greater dimension while maintaining its original shape. The benefit of these deliverables, among others, is less chair time for the dentist and the patient," explained Mr. Ofer Shalev, 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. of ReDent-NOVA. In addition to dentistry, ReDent's self adjusting file is also being developed as generic technology for other purposes. Future usages could include flexible oil drilling and precise machinery tool applications. About Infinity Infinity Venture Capital is one of the leading Israeli-related venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: managing more than $250M and guiding more than 40 promising portfolio companies. Since June 2005, Infinity has had eleven successful exits including the sale of ProActivity Software Solutions Ltd to EMC Corporation; Identify Software to BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. Corporation (NYSE NYSE See: New York Stock Exchange :BMC) for $150 million, the sale of Shopping.com to eBay Inc. (Nasdaq:EBAY) for $640 million, the sale of Sightline sight·line also sight line n. A line of sight, especially one between a spectator and the spectacle in a theater or stadium. Technologies to Stryker Corporation (NYSE:SYK) for $150 million and the flotations of Saifun Semiconductors Ltd. (Nasdaq: SFUN) and Maayan Ventures Ltd. (TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) :MAYN). Infinity has a highly experienced international team spanning the globe with offices in Tel-Aviv, New York, London and China. Strategic partners include: The IDB Group, CSVC/SIP in China, FBR (Friedman, Billings, Ramsey) and GE Investments. For additional information please visit www.infinity-vc.com. To schedule an interview, please contact Marjie Hadad, Media Liaison, at marje@netvision.net.il or +972-54-536-5220. |
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