Demand for Fraxel Laser System Contributes to Revenue Growth of 1450% Since 2004 MOUNTAIN VIEW, Calif., Aug. 21
MOUNTAIN VIEW, Calif., Aug. 21 /PRNewswire/ -- Reliant Technologies, Inc.,
the pioneer of fractional resurfacing and market leader of aesthetic laser
skin treatments, today announced its distinction as the nation's 157th fastest
growing company by Inc. magazine. Reliant Technologies was recognized as one
of America's entrepreneurial growth leaders by Inc. magazine, the premier
publication for small and medium sized businesses, in its annual ranking of
the Inc. 500. Reliant Technologies also ranked 5th in the top 50 businesses
in Silicon Valley and 8th among the top health companies in the U.S.
Since 2001, Reliant Technologies has provided innovative technologies to
the growing aesthetic market. The company's products, the Fraxel platform of
lasers, are the most advanced skin resurfacing systems available for
dermatologists and cosmetic surgeons. Increased sales of the Fraxel laser
systems contributed to Reliant Technologies' 2007 revenue of $70.5 million, a
1450 percent increase since 2004.
"The Fraxel brand has quickly become the gold standard in laser skin
resurfacing preferred by physicians and patients alike. We are pleased to be
included in such a prestigious group of fast growing, successful companies
that have been chosen by Inc. magazine," said Eric Stang, president and CEO of
Reliant Technologies. "We remain committed to leading the global aesthetic
marketplace by advancing the science of skin rejuvenation and providing safe,
effective and non-invasive treatment solutions to our growing consumer base."
"If you want to find out which companies are going to change the world,
look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most
innovative, dynamic, fast-growing companies in the nation -- the ones coming
up with solutions to some of our knottiest problems, creating systems that let
us conduct business faster and easier, and manufacturing products we soon
discover we can't live without. The Inc. 500 list is Inc. magazine's tribute
to American business ingenuity and ambition."
The 2008 Inc. 500 list measures revenue growth from 2004 through 2007. To
qualify, companies must be U.S.-based and privately held, for profit,
independent -- not subsidiaries or divisions of other companies -- as of
December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2
million in 2007.
"We've seen continuous dramatic growth in the demand for Fraxel treatments
as consumers become more aware of the safety and efficacy of our unique suite
of skin rejuvenation products," said Len DeBenedictis, chief technology
officer of Reliant Technologies. "Whatever a patient's skin concern may be,
Reliant offers a treatment that fits their lifestyle without the common side
effects associated with fully ablative and surgical procedures."
According to the American Society of Aesthetic Plastic Surgeons, laser
skin resurfacing is one of the fastest growing segments of the beauty industry
having increased 230 percent from 1997 to 2007. Fraxel laser systems treat a
full range of aesthetic conditions, from those seeking deep skin tightening
and resurfacing to those looking for a gentle, topical treatment to help
maintain their skin's healthy tone and texture.
Recently, it was announced that Reliant has agreed to join forces with
Thermage, Inc. (Nasdaq: THRM) in a merger expected to close in the 4th quarter
2008.
About Reliant Technologies
Reliant Technologies develops clinical solutions to repair and rejuvenate
aging and environmentally damaged skin. Reliant is dedicated to providing the
most advanced research, engineering and products to the global aesthetic
marketplace. The company pioneered the development of fractional laser
resurfacing that relies on novel high-speed scanning systems and the
Intelligent Optical Tracking(R) system to produce safe and effective results
with minimal recovery time. Reliant is based in Mountain View, Calif. For more
information, visit http://www.fraxel.com.
About the Fraxel Systems
The Fraxel(R) family of products, which includes the Fraxel re:pair(TM),
Fraxel re:store(TM) and the Fraxel re:fine(TM) laser systems, has quickly
become the industry standard for fractional aesthetic skin treatment. Unlike
traditional laser devices, Fraxel brand laser systems treat microscopic
volumes of skin with each unique pulse, leaving the surrounding area intact
for fast healing. Fraxel lasers have received multiple FDA clearances and have
been found safe and effective in treating many areas of the face and body. The
versatility of the product line ensures that patients can choose the best
treatment for various stages of their lives as their skin care needs evolve.
The Fraxel re:pair laser is the breakthrough device that provides Ablative
Fractional Resurfacing (AFR(TM)) treatment, with the most clinical testing of
any product in the fractional ablative category. Fraxel re:pair treatment has
been clinically proven to improve wrinkles, rhytides, furrows, fine lines,
textural irregularities, pigmented lesions and vascular dyschromia in a
multi-site, multi-phase study of more than 400 treatments.
The Fraxel re:store laser, delivering Non-ablative Fractional Resurfacing
(NFR(TM)) treatment, was introduced in 2004 and has been adopted by more than
1,500 dermatologists, plastic surgeons and aesthetic physicians worldwide. It
is the accepted gold standard for treating acne scars and periorbital
wrinkles, and for skin resurfacing procedures on the face, neck, chest and
hands.
The Fraxel re:fine laser, offering superficial non-invasive skin
rejuvenation, combines the unique method of fractional delivery with a lighter
treatment. Performed in 20-25 minutes, Fraxel re:fine treatment is excellent
for medical spas and family physicians seeking a safe and gentle option.
About the Inc. 500
Inc. is the only business magazine dedicated exclusively to owners and
managers of fast-growing private companies. It provides tools and strategies
for managing people, finances, sales, marketing and technology. Inc. is the
premier publication that focuses on small-to-medium size businesses, which are
responsible for more than half the nation's gross domestic product and 75
percent of its new jobs.
Contacts:
Michael Hromadik Katelyn O'Reilly
Reliant Technologies, Inc. GCI Group
(650) 605-2294 (310) 526-5511
mhromadik@reliant-tech.com koreilly@gcigroup.com
SOURCE Reliant Technologies, Inc.
