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PLC Systems Reports Second Quarter 2011 Results
Date:8/12/2011

tatements. While we may elect to update forward-looking statements in the future, we specifically disclaim any obligation to do so, even if our estimates change, and you should not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. Actual results could differ materially from those indicated by such forward-looking statements as a result of a variety of important factors, including that we may not receive necessary regulatory approvals to market our RenalGuard product or that such approvals may be withdrawn, the current clinical trials in Italy and the planned future U.S. clinical trial for RenalGuard may not be completed in a timely fashion, if at all, or, if these clinical trials are completed, they may not produce clinically significant or meaningful results, the RenalGuard product may not be commercially accepted, operational changes, competitive developments may affect the market for our products, regulatory approval requirements may affect the market for our products, and additional risk factors described in the "Forward Looking Statements" section of our Annual Report on Form 10-K for the year ended December 31, 2010, a copy of which is on file with the SEC.

PLC Systems, PLC Medical Systems, PLC, RenalGuard and RenalGuard System are trademarks of PLC Systems Inc.

Novadaq is a trademark of Novadaq Technologies, Inc.(Financial tables follow)PLC SYSTEMS INC.CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)

(Unaudited)Three Months EndedJune 30,Six Months EndedJune 30,2011201020112010Revenues

$
398$
249$
455$
516Cost of revenues

198264338696Gross profit (loss)

200(15)117(180)Operating expensesSelling, general and administrative

6678391,2601,640Research and development

373113446366Total operating expenses

1,0409521,7062,006Gain on the sale of assets

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SOURCE PLC Systems Inc.
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