Joseph P. Caruso, Palomar Chief Executive Officer said, "There is great potential in combining the effects of Palomar's light-based systems with Q- MED's leading range of dermal fillers and injectable implants. Both companies are focused on developing new technologies for products that provide superior results. The combination of our individual strengths should yield interesting and important new approaches to satisfying consumer needs. Of the many companies Palomar considered working with to better expand Palomar's distribution in international markets, Q-MED is the best choice. We are excited to work with such a dynamic company and believe Q-MED will leverage their existing international presence, large customer base and brand name recognition to greatly expand the international sales of Palomar's light-based aesthetic devices. In addition, the products of both companies have the potential for synergistic treatments. This collaboration should propel our presence in international markets ahead of where we would be able to grow on our own and provide an improved conduit for new products."
Bengt Agerup, Q-MED Chief Executive Officer said, "This agreement
represents a major opportunity to provide our customers with leading light-
based anti-aging and hair-removal products. Strong R&D commitment and
belief in evidence based aesthetic solutions are a shared value of both our
companies. We see this as a great opportunity to bring new treatment
modalities to our customers and help them further develop their practice
meeting the consumer demand in an ever expanding global market. Palomar
shares same company values with us and just like us provides the global
|SOURCE Palomar Medical Technologies, Inc.|
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