QUANTEL Medical Signs Global Licensing Agreement w... ( CHICAGO November 9 2012 /- QUANTE...)

QUANTEL Medical Signs Global Licensing Agreement with IRIDEX

Date:11/9/2012

CHICAGO, November 9, 2012 /PRNewswire/ --

QUANTEL Medical today announced that IRIDEX and QUANTEL Medical have signed a global patent licensing agreement that gives QUANTEL access to IRIDEX MicroPulse technology. This proprietary technology provides ophthalmologists a noninvasive treatment for sight-threatening diseases of the eye, including complications associated with diabetes. Unlike conventional laser therapy, MicroPulse spares the eye tissue responsible for vision while producing comparable clinical effect to traditional methods that destroy tissue.

"There is a significant need in the market place for efficient and durable therapies for retinal diseases associated with the growth of diabetes and the aging population," stated Will Moore, IRIDEX President and CEO. He continued, "With 10-year follow up data, a growing global user base, and significant patent protection, MicroPulse is emerging as a future standard of care." The license agreement will allow QUANTEL to market and display IRIDEX' MicroPulse technology for their range of high quality clinical lasers and is the next step in gaining broad market availability of MicroPulse photocoagulation lasers. Both QUANTEL and IRIDEX offer a full line of laser systems that offer standard photocoagulation in addition to MicroPulse laser therapy.

Moore continued, "Further establishing the MicroPulse brand and technology as an IRIDEX property is critical as the market continues to recognize its broad applicability for retina and other procedures. We look forward to working with others in the industry as it migrates toward a new standard for laser therapy in additional segments."

"The global clinical evidence supporting IRIDEX' MicroPulse laser technology was an important factor in this decision", stated Mr. Jean-Marc Gendre, CEO of QUANTEL Medical. He continued, "By aligning our market strategies with another industry leader, we believe the ophthalmic communi
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