BEVERLY, MA and TORONTO--(Marketwire - May 08, 2012) -
Hamilton Thorne Ltd. (TSX VENTURE: HTL
), a leading provider of precision laser devices and advanced image analysis systems for the fertility, stem cell and developmental biology research markets, today announced that the Company has received a CE Mark for its new LYKOS® assisted clinical reproductive laser system. The CE Mark provides conformity to European Medical Device Directive 93/42/EEC, which allows a company to market and sell products in the European Economic Area (EEA).
Hamilton Thorne's best-in-class LYKOS® laser system is used for intricate clinical procedures such as laser-assisted hatching, trophectoderm biopsy and blastomere biopsy. The LYKOS® system is a powerful, yet delicate tool for advanced cellular research, providing exceptional ease of use to the clinician and a significant advance in integrated laser optics, with increased resolution, improved optics and compatibility with all major microscope models. Also included in the CE Mark is Hamilton Thorne's Multi-Pulse software that recently received FDA clearance (K120055), which is used for performing trophectoderm biopsy in clinical settings on the LYKOS® and on Hamilton Thorne's ZILOS-tk® system.
"Our clinical lasers are precise tools that offer significant advantages to clinicians during procedures such as trophectoderm biopsy, pre-implantation genetic diagnosis (PGD) and laser-assisted hatching," said Diarmaid Douglas-Hamilton, Chief Technology Officer of Hamilton Thorne Ltd. "The CE Mark for LYKOS® in particular will enable Hamilton Thorne to increase our presence in Europe and expand our global footprint."
David Wolf, Hamilton Thorne's President and Chief Executive Officer, added, "The European market has been an important component to our global sales strategy, so we are therefore excited to receive a CE Mark for our clinical laser systems. Since its launch, the new LYKOS® laser system has had very strong sales in other regions around the world and now with full commercial European availability, we are confident that the LYKOS® will generate similar demand in the EEA."
About Hamilton Thorne Ltd. (www.hamiltonthorne.com)
Hamilton Thorne designs, manufactures and distributes precision laser devices and advanced imaging systems for the fertility, stem cell and development biology research markets. It provides novel solutions for Life Science that reduce cost, increase productivity, improve results and enable research breakthroughs in regenerative medicine, stem cell research and fertility markets. Hamilton Thorne's laser products attach to standard inverted microscopes and operate as robotic micro-surgeons, enabling a wide array of scientific applications and IVF procedures. Its imaging systems improve outcomes in human IVF clinics and animal breeding facilities and provide high-end toxicology analyses.
Hamilton Thorne's growing customer base includes pharmaceutical companies, biotechnology companies, fertility clinics, university research centers, and other commercial and academic research establishments worldwide. Current customers include world-leading research labs such as Harvard, MIT, Yale, McGill, DuPont, Monsanto, Charles River Labs, Jackson Labs, Merck, Novartis, Pfizer, and Oxford and Cambridge.
Neither the Toronto Venture Exchange, nor its regulation services provider (as that term is defined in the policies of the exchange), accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.