Palomar Medical Reports Financial Results for Second Qu...(which upheld the patents as both novel a...),Health

Date:7/30/2009

which upheld the patents as both novel and inventive and the U.S. Patent Office confirmed the validity of 56 claims in the re-examination of U.S. Patent No. 5,735,844. Accordingly, we have filed a motion to re-start our patent infringement lawsuit against Candela and believe we are in a stronger position now than prior to the re-examination. These events strengthen our strategic position and are important for the long-term growth of our business."

Conference Call: As previously announced, Palomar will conduct a conference call and webcast today at 11:30 AM Eastern Time. Management will discuss financial results and strategic matters. If you would like to participate, please call (866) 783-2146 or listen to the webcast in the Investor Relations section of the Company's website at www.palomarmedical.com. The telephone replay will be available one hour after the call at (888) 286-8010 passcode 72567268 and will be available for fourteen days. A webcast replay will also be available.

About Palomar Medical Technologies Inc: Palomar is a leading researcher and developer of light-based systems for cosmetic treatments. Palomar pioneered the optical hair removal field, when, in 1997, it introduced the first high-powered laser hair removal system. Since then, many of the major advances in light-based hair removal have been based on Palomar technology. In December 2006, Palomar became the first company to receive a 510(k) over-the-counter (OTC) clearance from the United States Food and Drug Administration (FDA) for a new, patented, home-use, light-based hair removal device. OTC clearance allows the product to be marketed and sold directly to consumers without a prescription. There are now millions of light-based cosmetic procedures performed around the world every year in physician offices, clinics, spas and salons. Palomar is testing many new and excitin
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SOURCE Palomar Medical Technologies, Inc. Copyright©2009 PR Newswire. All rights reserved

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