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Misonix Announces Settlement of PuriCore Litigation, Including Entry into a U.S. Distribution Agreement for PuriCore's Advanced Wound Care Product
Date:7/20/2011

oss margin value to PuriCore.  When PuriCore receives $2 million in gross margin purchases under the Distribution Agreement, it is anticipated that Misonix will have received more than $4 million in gross margin.

Michael A. McManus, President and Chief Executive Officer of Misonix, stated, "We are very pleased to have resolved the dispute with PuriCore.  Managing a lawsuit in the U.K. and legal expenses associated with the case were consuming valuable senior management time and resource.  We believe the resolution of this lawsuit is in the best interest of shareholder value and the continued growth of Misonix.

"Prior to the lawsuit, we had been working with PuriCore's wound care group in pursuit of a similar distribution arrangement for the Vashe® product.  In concert with the recent addition of Anika Therapeutics S.r.l.'s Hyalomatrix® skin substitute to our product portfolio, which is anchored by our SonicOne® Ultrasonic Wound Care System, the PuriCore product becomes a valuable extension of our wound treatment capability.  We will be working with PuriCore on the development of a sterile version of the product that can be used with the BoneScalpel™ with SonicOne Technology in the operating room.  We believe the PuriCore product addition will add incremental revenue and margin to our existing wound care product platform."

Additional information concerning the Distribution Agreement can be found in the Current Report on Form 8-K to be filed by Misonix with the U.S. Securities and Exchange Commission not later than July 25, 2011.

About Misonix:  Misonix, Inc. (NASDAQ: MSON) designs, manufactures and markets therapeutic ultrasonic medical devices.  Misonix's therapeutic ultrasonic platform is the basis for several innovative medical technologies.  Addressing a combined market estimated t
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SOURCE Misonix, Inc.
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