Cyberonics Inc. To Release FY06 Q3 Financial Results And Present At Merrill Lynch 2006 Global Pharmaceutical, Biotechnology And Medical Device Conference On February 8, 2006

HOUSTON, Jan. 31 /PRNewswire-FirstCall/ -- Cyberonics, Inc. today announced that it will report financial results for the third quarter ended January 27, 2006 on February 8, 2006 at 7:00 AM EST and that its senior management will present at the Merrill Lynch 2006 Global Pharmaceutical, Biotechnology and Medial Device Conference at the Grand Hyatt New York located in New York City at 11:40 AM on Wednesday, February 8, 2006.

Q3 RESULTS CONFERENCE CALL

The conference call to discuss the third quarter results will be held at 8:00 AM EST on Wednesday, February 8, 2006. To listen to the conference call live by telephone dial 877-451-8943 (if dialing from within the U.S.) or 706-679-3062 (if dialing from outside the U.S.). The conference ID is 4885673; the leader is Pam Westbrook. The Merrill Lynch presentation slides will be discussed on the call and will be available on-line at http://www.cyberonics.com beginning at 7:30 AM EST. A replay of the conference call will be available two hours after the completion of the conference call by dialing 800-642-1687 (if dialing from within the U.S.) or 706-645-9291 (if dialing outside the U.S.). The replay conference ID access code is 4885673.

MERRILL LYNCH 2006 GLOBAL PHARMACEUTICAL, BIOTECHNOLOGY AND MEDICAL DEVICE CONFERENCE

Senior management, including Robert P. (“Skip”) Cummins, Cyberonics’ Chairman and Chief Executive Officer and Pamela B. Westbrook, Vice President Finance and Administration and Chief Financial Officer, will present at the Merrill Lynch 2006 Global Pharmaceutical, Biotechnology and Medial Device Conference at the Grand Hyatt New York located in New York City at 11:40 AM on Wednesday, February 8, 2006. Presentation slides for this conference will be available on-line at http://www.cyberonics.com beginning on February 8, 2006 at 7:30 AM EST. Merrill Lynch will host a webcast of the presentation live and by replay at http://www.events.ml.com or by going to http://www.cyberonics.com and clicking on the link for this webcast. The replay of the webcast will be available within 24 hours following the presentation until February 22, 2006. Access to the webcast and webcast replay are not protected by a password.

ABOUT VNS THERAPY AND CYBERONICS

Information on Cyberonics, Inc. and VNS Therapy is available at http://www.cyberonics.com and http://www.vnstherapy.com .

Cyberonics, Inc.

CONTACT: Investor Relations of Cyberonics, Inc., +1-281-228-7262, or fax,+1-281-218-9332, or ir@cyberonics.com ; or Helen Shik, Vice President ofSchwartz Communications, +1-781-684-0770, or fax, +1-781-684-6500, orhshik@schwartz-pr.com , for Cyberonics, Inc.

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