ST. PAUL, Minn., May 18 /PRNewswire-FirstCall/ -- Synovis Life Technologies, Inc. , a diversified medical device manufacturer, has signed a distribution agreement with Life Optics(R) Corporation, the U.S. subsidiary of Life Optics GmbH, based in Vienna. Under this agreement, Synovis Micro Companies Alliance (MCA), a wholly owned subsidiary serving the microsurgery market, will distribute Life Optics' Varioscope(R) head-mounted microscopes in the United States, with the exception of New York and New Jersey. Synovis MCA will begin training its sales force immediately and expects to begin selling Varioscope products in the company's fourth fiscal quarter ending October 31, 2004.
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"We are very pleased to announce our partnership with Life Optics," said Karen Gilles Larson, president and chief executive officer of Synovis Life Technologies. "Synovis and Life Optics are both dedicated to providing surgeons with innovative technology that will help them achieve excellent patient outcomes. Varioscope products are a strong offering for Synovis MCA's customer base of microsurgeons in various specialties."
Christian Molnar, president of Life Optics Corporation, said, "For years, Life Optics has been earning a reputation for providing innovative solutions to surgeons worldwide. Synovis has solid customer relationships with surgeons, including microsurgeons, and is well positioned to distribute our products in the United States."
Varioscope optical systems combine miniaturized high-end microscopes with the freedom of movement of a head-mounted system. These systems offer variable magnification, autofocus and a sharp, crystal-clear 3D image. The optical system is far more advanced than a surgical loupe and allows the surgeon to move at any angle, unlike surgical microscopes.
Synovis MCA's primary product is the Coupler, a device used by microsurgeons in several specialties to connect extremely small arteries or veins, without sutures, quickly, easily and with consistently excellent results. Synovis is developing an advanced version of the Coupler, which, in addition to connecting vessels, is designed to detect blood flow and confirm initial and post-operative success of the vessel connection. A variation of the product is progressing through development for the sizeable cardiac and vascular markets.
About Life Optics
Life Optics GmbH is the world's leading manufacturer of technologically advanced, head-mounted vision systems. The company's Varioscope optical systems are used by surgeons in 50 nations on five continents. Additional information is available at http://www.lifeoptics.com/ .
About Synovis Life Technologies
Synovis Micro Companies Alliance, Inc., based in Birmingham, Ala., manufactures and distributes microsurgical devices and instruments and is committed to being the microsurgeon's most trusted resource. Additional information on Synovis MCA and its products is available at http://www.synovismicro.com/ .
Synovis Life Technologies, Inc., based in St. Paul, Minn., is a diversified medical device company engaged in developing, manufacturing and bringing to market medical devices for the surgical and interventional treatment of disease. For additional information on Synovis Life Technologies and its businesses, visit the company's Web site at http://www.synovislife.com/ .
Forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements can be identified by words such as "should", "may", "will", "expect", "believe", "anticipate", "estimate", "continue", or other similar expressions. Certain important factors could cause results to differ materially from those anticipated by the forward- looking statements made herein. A full discussion of general factors can be found in the company's Annual Report on Form 10-K for the year ended October 31, 2003.
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