Premier Laser Systems forms strategic alliance for dental lasers; creates Dental Products Group.IRVINE, Calif.--(BUSINESS WIRE)--Oct. 31, 1995--Premier Laser Systems Inc. (NASDAQ/NM:PLSIA) Tuesday announced that it has finalized an agreement to form a strategic alliance with Salt Lake City-based International BioLaser Corp. (IBLC IBLC International Business Law Consortium IBLC In-Bond-Landed-Cost IBLC International Booksellers'and Librarians' Centre IBLC Indiana Black Legislative Caucus IBLC International Bible Learning Center IBLC Independent Broadcast Locals Council ), a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Under the terms of the agreement, Premier will manufacture and market the IBLC multi-operatory 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. dental laser A dental laser is a type of laser designed specifically for use in oral surgery. In the United States, the use of lasers on the gums was first approved by the Food and Drug Administration in the early 1990s, and use on hard tissue like teeth or the bone of the mandible gained system, approved for composite curing, along with IBLC's line of CO2 lasers used for a number of approved dental and surgical applications. The strategic alliance provides for the creation of the Premier Dental Products Group to expand and strengthen the marketing and sales network for the entire line of Premier dental laser systems and products, including the IBLC multi-operatory argon laser system. The Premier Dental Products Group will report to Premier Laser Systems and be headquartered in Salt Lake City. Further terms were not disclosed. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the announcement by Premier Chairman, 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. Colette Cozean, Ph.D., the addition of the multi-operatory argon laser system, to be sold under the Premier name, complements the company's recently announced Arago(tm) portable argon laser curing system used in single operatory applications. "By combining our direct sales resources with the IBLC network of approximately twenty manufacturer's representatives and its tele-marketing programs to form the Premier Dental Products Group, we expect to significantly expand Premier's sales and marketing reach and strengthen the company's competitive position in the dental market. "In addition, integrating the IBLC line of dental laser products into our range of dental laser systems will greatly enhance our ability to serve a broader spectrum of dental practitioner and patient needs." International BioLaser President Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Head commented, "Premier's greater size and resources and excellent industry reputation make them the ideal strategic partner for us. This relationship with Premier is the logical next step for our company and we are convinced that the alliance with Premier and the formation of the Dental Products Group is a win-win opportunity for both companies." International BioLaser Corp., located in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , manufactures, markets and distributes argon and CO2 lasers for the dental and surgery markets. Premier Laser Systems, manufactures and markets lasers, laser waveguides and fiber optic devices, disposables and associated accessory products for the medical market. CONTACT: South Coast Communications Group Marty Tullio (investors), 714/252-8440 Owen Daley (media), 714/252-8440 |
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