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CLRS Technology Accelerates Infrastructure Growth Anticipating FDA Clearance for At-Home IPL Acne Device
Date:5/28/2008

CLARO To Enter $255 Million Home-Device Market With First-to-Market

Technology, Strong Branding

COSTA MESA, Calif., May 28 /PRNewswire/ -- CLRS Technology today announced a series of corporate milestones in anticipation of FDA clearance for CLARO, the company's innovative at-home acne treatment device. Key business developments include the appointment of a senior marketing executive, expansion of the Board of Directors, commencement of clinical studies and receipt of a design patent.

"It's an incredibly exciting time at CLRS Technology as we put all the pieces in place to succeed in bringing our flagship product launch to life," said Richard Oberreiter, CEO and Founder, CLRS Technology. "As we await FDA clearance for CLARO, we are energized by the level of interest and support from the financial and medical community. We have the right team in place to make CLARO a success within one of the fastest growing categories of the aesthetic industry."

CLRS Technology is poised to enter the $255 million home device category with CLARO, a hand-held Intense Pulse Light (IPL) system based on the same technology used by dermatologists for decades. This flagship product will be the first in a series of hand-held tools designed to provide professional-based solutions for common skin and allergy conditions. According to Medical Insight Inc, the category is expected to grow to $1 billion in retail sales by 2012 with major corporations setting the pace, including Palomar with Gillette, Syneron and Procter & Gamble, and Light BioScience with L'Oreal.

"We see tremendous opportunity entering this market with a unique acne treatment device that fulfills a consumer need for science-based technology that's safe, convenient and effective," said Mr. James Kraushaar, Chairman & Founder, CLRS Technology, whose extensive 15+ years of experience marketing and selling medical IPL systems and aesthetic lasers fueled the development of C
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SOURCE CLRS Technology
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