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Syneron Medical And Unilever Ventures Create Iluminage Beauty, A Global Joint Venture In Home Beauty Devices
Date:11/11/2013

NEW YORK and LONDON, Nov. 11, 2013 /PRNewswire/ -- Syneron Medical Ltd. (NASDAQ: ELOS), the global market leader in aesthetic medical devices, and Unilever Ventures, today announced a definitive agreement to form a joint venture in home beauty devices: 'Iluminage Beauty'. The aim of the joint venture is to develop and bring to consumers innovative, high performance beauty solutions, empowering them with professional level devices for at-home use.

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The joint venture combines the global business and expertise of Syneron's aesthetic home-use subsidiary, Syneron Beauty Ltd., and Unilever's luxury beauty subsidiary, Iluminage™ Inc. The joint venture will leverage Unilever's global experience in the development and marketing of consumer beauty products and Syneron Medical's expertise in professional aesthetic device technology.

Olivier Garel, Managing Director of Unilever Ventures said: "We are delighted to enter this partnership and joint venture with Syneron. There is a clear market opportunity to develop home use beauty devices which deliver a step change in benefits for the consumers. Syneron have successfully brought to market some of the most advanced and efficient aesthetic technologies over the last thirteen years. This move gives our combined operations the resources and access to unique patented technologies to grow and expand the business. We look forward to supporting the management team in this exciting next phase of development."

Shimon Eckhouse, Chief Executive Officer of Syneron Medical, commented, "Unilever is an ideal partner with consumer brand experience and significant global resources. We believe this joint
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SOURCE Syneron Medical Ltd.
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