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STAAR Surgical Announces Fourth Quarter 2010 Revenue Expected to Exceed $14.2 Million
Date:1/11/2011

or the past year.  The Company expects pre-market launch of the new product in Japan during the first quarter of 2011 with full release during the second quarter.

"The approval of our single piece injector system is an important achievement and expands the products that we can offer to ophthalmologists in Japan," Mr. Caldwell continued.  "Approval of the KS-X2 allows us to compete in the single piece hydrophobic acrylic space, the largest segment of the IOL market, according to Market Scope, and certainly the most lucrative segment globally. We anticipate CE Mark approval of the product during the third quarter of this year, with launch shortly thereafter.  This product once again illustrates STAAR's core competency in preloaded delivery systems."

The single and three-piece preloaded delivery systems are manufactured by STAAR Japan from hydrophobic lenses that are independently sourced.  The STAAR system delivers the lens into the eye through a 2.8 millimeter incision and is compatible with the most commonly used small incision cataract extraction procedures.  

"We have made significant progress during 2010 from both a product delivery and financial standpoint.  During 2011, we remain focused on continuing our efforts to gain regulatory approvals for the Visian Toric ICL in both Japan and the United States, expanding our direct-to-consumer marketing campaign and driving revenue growth and profitability.  We look forward to sharing additional details when we announce our financial results for 2010," Mr. Caldwell concluded.

About STAAR SurgicalSTAAR, which has been dedicated solely to ophthalmic surgery for over 25 years, designs, develops, manufactures and markets implantable lenses for the eye.  All of these lenses are foldable, which permits the surgeon to insert them through a small incision.  A lens used to replace the natural lens after cataract surgery is called an intraocular le
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SOURCE STAAR Surgical Company
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