Printer Friendly

LASERSIGHT ANNOUNCES AGREEMENT WITH UNIVERSITY OF CENTRAL FLORIDA

 LASERSIGHT ANNOUNCES AGREEMENT WITH UNIVERSITY OF CENTRAL FLORIDA
 ORLANDO, Fla., Dec. 18 /PRNewswire/ -- LaserSight, Incorporated (NASDAQ: LASE) today announced that a formal agreement has been reached between LaserSight and the University of Central Florida (UCF) wherein UCF agreed that UCF will not make any future claims and that LaserSight will be the sole exclusive owner of all rights and remedies in and to the LaserHarmonic and MiniLaser Systems.
 Under this settlement, LaserSight provided a research fund to UCF at a total amount of $25,000 in 1991-92.
 The company also announced that two MiniLaser Systems were delivered to Samsung Advanced Institute of Technology (SAIT) in South Korea. In addition to SAIT, LaserSight also delivered three MiniLaser Systems to the following European customers: SHARP Research Center in U.K., Electronic Institute in Italy and AGFA in Germany. LaserSight said it believes that these delivered systems constitute an important first step for LaserSight's marketing plans for its new products in the European market. LaserSight said it believes that it is a pioneer in the development of blue-green MiniLasers using new types of crystals and is the first company offering nonlinear waveguides.
 The LaserHarmonic System features solid state lasers which LaserSight said it believes have the following significant advantages over the currently used Excimer laser for refractive surgery: compact, reliable, low maintenance, relative low cost and absence of toxic gas. In addition to the UV radiation, LaserHarmonic also offers the option of multi-wavelengths at 532, 1064 and mid-IR of (1.8-2.4) microns and provides a wide range of ophthalmic applications.
 The company said it believes LaserHarmonic System is a second generation solid state laser which can substitute for the currently used Excimer laser made by VISX and Summit Technologies for the treatment of nearsightedness, farsightedness, astigmatism and other eye disorders. The company said it intends that the LaserHarmonic System will be priced at $225,000-$250,000 per unit.
 -0- 12/18/91
 /CONTACT: Dr. J.T. Lin, president of LaserSight, 407-382-2772/
 (LASE) CO: LaserSight, Incorporated; University of Central Florida ST: Florida IN: SU:


MK-JS -- PH023 -- 3536 12/18/91 15:54 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 18, 1991
Words:351
Previous Article:QUANEX COMPLETES PARTIAL REDEMPTION OF 9-1/8 PERCENT CONVERTIBLE SUBORDINATED DEBENTURES
Next Article:UAW REACTS TO GM ANNOUNCEMENT
Topics:


Related Articles
LASERSIGHT RETAINS CARL THOMPSON ASSOCIATES FOR NATIONAL INVESTOR RELATIONS PROGRAM
LASERSIGHT RETAINS CARL THOMPSON ASSOCIATES FOR NATIONAL INVESTOR RELATIONS PROGRAM
Excimer Laser Gets First FDA Approval For LASIK Procedure
LaserSight and VISX Agree to Stay Patent Infringement Suit and Continue License Negotiations.
LaserSight Withdraws from License Negotiations And Files Patent Lawsuit Against Visx.
/C O R R E C T I O N -- LaserSight Incorporated/.
LaserSight Signs Agreement With Chinese Strategic Partner.
Nasdaq Postpones LaserSight Delisting.
Lasersight Previews AAO Activities Appoints New Distributor for Latin America.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters