Cynosure

Established in 1991, Cynosure is a developer and manufacturer of a broad array of light-based aesthetic treatment systems. Cynosure holds a number of U.S. patents and currently offers 15 different aesthetic treatment systems targeting a variety of non-invasive treatments including hair removal, skin rejuvenation and the temporary reduction in the appearance of cellulite. Cynosure is headquartered in Westford, MA.

The market for aesthetic procedures has grown significantly over the past several years. The American Society of Plastic Surgeons estimates that its members treated approximately 2 million people in 2002, a 95% increase since 1998. According to industry analysts, an estimated $1 billion is spent each year on cosmetic laser procedures in the United States alone. As more and more laser technologies are developed with higher utility and efficacy, the more popular procedures are likely to gain in popularity increasing demand for lasers and greater technologies.

Cutera

Cutera designs, manufactures and markets the CoolGlide family of lasers and other light-based products for aesthetic treatments. These products enable dermatologists, plastic surgeons, gynecologists, primary care physicians, and other practitioners to offer non-invasive aesthetic procedures to their patients.

Their products are designed to allow customers to perform multiple procedures using a single system. The products consist of a control console and one or more hand pieces that allow practitioners to treat a range conditions, including hair removal, vein treatments, skin rejuvenation and the treatment of pigmented lesions. Cutera is headquartered in Brisbane, CA.

Palomar Medical Technologies

Palomar Medical Technologies, Inc. is a researcher and developer of light-based systems for hair removal and other cosmetic procedures. In 1997 Palomar obtained FDA clearance for the first high powered laser hair removal system and high power diode laser system. In 1999 Palomar obtained FDA permission for a sub-zero cooled laser system. Two years later Palomar introduced the Q-Yag5 system for tattoo and pigmented lesion removal. In 2004 Palomar signed a Development and License Agreement with The Gillette Company to complete development and commercialize a patented home-use, hair removal device for women. At the same year Palomar signed a Development and License Agreement with Johnson & Johnson Consumer Companies, Inc, a Johnson & Johnson company, to develop, clinically test and potentially commercialize home-use, light based devices for reducing or reshaping body fat including cellulite; reducing appearance of skin aging; and reducing or preventing acne. They have one operating subsidiary, Palomar Medical Products, Inc. located at Palomar's headquarters in Burlington, Massachusetts, which oversees the manufacture and sale of Palomar's lamp and laser based systems currently on the market. The Company conducts business in one industry segment, medical and cosmetic products and services.

Lumenis

Lumenis systems are used in a diversity of aesthetic and medical applications as it is develops, constructs and markets patent laser and intense pulsed light devices. They comprise: hair removal, open angle glaucoma, non-invasive treatment of vascular and pigmented lesions, acne, psoriasis, age-related macular degeneration, secondary cataracts, various ENT conditions, gynecology, urinary lithotripsy, neurosurgery, benign prostatic hyperplasia, veterinary procedures and dentistry. Lumenis maintains its head offices in Yokneam, Israel with regional offices in the US, Europe and Asia.

Candela Corporation

The Candela Corporation is involved in the development and commercialization of advanced aesthetic laser and light-based systems that allow physicians and personal care practitioners to treat a wide variety of cosmetic and medical conditions including: vascular lesion treatment of rosacea, facial spider veins, leg veins, scars, stretch marks, warts, port wine stains and hemangiomas, laser hair removal, removal of benign pigmented lesions such as age spots, freckles and tattoos, skin rejuvenation and wrinkles, acne and acne scars, psoriasis, other skin treatments.

Candela Corporation's product line includes the following products: GentleLASE, GentlYag, Vbeam, ALEXLAZR, Smoothbeam, C-beam, Ellipse Intense Pulsed Light system. They market and sell their products in more than 64 countries worldwide. Candela maintains separate regional executives in North America, Latin and South America, Japan, Asia, Europe and the Middle East which manage their marketing, selling and service activities through a combination of direct personnel and a network of independent distributors. They lease a facility for their operations in Wayland, Massachusetts.