Synergetics Introduces Own Line of Malis® Bipolar Forceps
O'FALLON, Mo., May 9 /PRNewswire-FirstCall/ -- Synergetics USA, Inc. (NASDAQ:SURG) announced today that it has successfully manufactured and released the first four models in its soon-to-be comprehensive line of Bipolar forceps and accessories.
Synergetics is a world recognized source for vitreoretinal (ophthalmology) surgical instruments. These manually operated instruments have been manufactured by Synergetics since the Company's inception in 1992. Many medical professionals, including surgeons, consider them to be among the highest quality instruments available.
"Synergetics line expansion into Bipolar forceps represents a logical product line extension for us," said Gregg D. Scheller, President and Chief Executive Officer of Synergetics. "The Malis® brand name carries with it a legacy of excellence in electrosurgery. We believe that our expanding line of forceps will feature qualities that will make them the industry standard going forward."
According to Jerry Malis, MD, the Company's Executive Vice President, Chief Scientific Officer, board member and inventor of much of the Malis® technology, "These are among the highest quality forceps I have seen in my forty years of neurosurgical experience. The tip quality and ergonomic feel should set these instruments apart from the competition. I am proud to have the Malis® name prominently displayed on these instruments."
The Company believes that the domestic and international markets for bipolar forceps exceed $43 million annually, of which Synergetics currently has no market share. The Malis® Bipolar forceps represents a new product line extension for Synergetics and a strategic introduction into this growing market.
About Synergetics USA, Inc.
Synergetics USA, Inc. resulted from the September 2005 combination of Valley Forge Scientific Corp. and Synergetics, Inc., bringing together their respective unique capabilities in bipolar electrosurgical generators and design, and manufacture of microsurgical hand instruments. Synergetics USA, Inc. designs, manufactures and markets medical devices for use primarily in ophthalmic surgery and neurosurgery and for other healthcare applications. Its products are designed and manufactured to support micro or minimally invasive surgical procedures. In addition to its surgical devices and equipment, it designs and manufactures disposable and non-disposable supplies and accessories for use with such devices and equipment. It also manufactures and sells bipolar electrosurgical generators and other generators, based on its DualWave(TM) technology, and complementary instrumentation and disposable products for use in neurosurgery, spine surgery, pain control and in dental applications. Synergetics sells its products primarily to hospitals, clinics and surgeons in approximately 70 countries.
Contact:
Pamela G. Boone, Chief Financial Officer
(636) 939-5100
http://www.synergeticsusa.com/
Source: Synergetics USA, Inc.
CONTACT: Pamela G. Boone, Chief Financial Officer of Synergetics USA, Inc., +1-636-939-5100
Web site: http://www.synergeticsusa.com/
