FRANKLIN, Mass., Aug. 10 /PRNewswire-FirstCall/ -- PLC Systems Inc. , a company focused on innovative cardiac and vascular medical device-based technologies, today reported financial results for the three and six month periods ended June 30, 2009.
Mark R. Tauscher, president and chief executive officer of PLC Systems Inc., stated, “This is a very exciting time for PLC and our RenalGuard technology, since we now know when the first preliminary data from the CCM-University of Milan clinical trial will be released publicly. We are focused on leveraging the medical community’s interest in this data at a series of key conferences in the next few months, providing us the opportunity to educate end-users and potential partners about our technology.
Mr. Tauscher added, “We are now seeing that RenalGuard is beginning to gain traction in the European Union, with the addition of our second distributor in Spain and a third one in Bangladesh and the continued sales ramp in Italy, where we began our launch last year. Further, we are very pleased that yet another well-known cardiologist, Dr. Carlo Briguori, has commenced his own clinical study of RenalGuard’s efficacy at the Clinico Medeterranea in Naples, Italy. Thus, we are very fortunate that all of these highly-visible events are occurring within a short time period.”
PLC did not record any international or domestic laser sales during the second quarter of 2009. In the same quarter of 2008, PLC shipped six CO(2) Heart Lasers (HL2) to U.S. hospitals, comprised of two new systems and four redeployments, through Novadaq Technologies, PLC’s U.S. marketing and distribution partner for its TMR products. PLC ended the second quarter of 2009 with 169 HL2 CO(2) Heart Lasers located at heart centers throughout the U.S.
Six Months Results
Conference Call
About PLC Systems Inc.
PLC Systems Inc. is a medical technology company specializing in innovative technologies for the cardiac and vascular markets. Headquartered in Franklin, Massachusetts, PLC pioneered the CO2 Heart Laser System, which cardiac surgeons use to perform CO2 transmyocardial revascularization (TMR) to alleviate symptoms of severe angina. PLC’s newest product, RenalGuard, is approved for sale in the EU as a general fluid balancing device. Additional company information can be found at www.plcmed.com.
PLC Systems, PLC Medical Systems, PLC, CO(2 )Heart Laser, RenalGuard and RenalGuard System are trademarks of PLC Systems Inc.
SOURCE PLC Systems Inc.
CONTACT: Mary T. Conway, Conway Communications, +1-617-244-9682,
mtconway@att.net
Web site: http://www.plcmed.com/
