Reliant Technologies makes Silicon Valley / San Jose Business Journal’s “Fast 50” list
Demand for Fraxel Laser Contributes to Revenue Growth of 109% from 2005 to 2007
Mountain View, Calif. - October 13, 2008—Reliant Technologies, Inc., the pioneer of fractional resurfacing and market leader of aesthetic laser skin treatments, today announced its distinction as Silicon Valley, Calif.'s 38thfastest growing privately held company by the Silicon Valley / San Jose Business Journal. Reliant Technologies was also ranked as the nation's 157thfastest growing company by Inc. magazine in August 2008.
Since 2004, Reliant Technologies has provided innovative technologies to the growing aesthetic market. The company's line of Fraxel lasers are the most advanced skin resurfacing systems available for dermatologists and cosmetic surgeons. Increased sales of Fraxel laser systems contributed to Reliant Technologies' 2007 revenue of $70.5 million, 109% increase since 2005.
"The Silicon Valley hub is home to some of the world's most innovative companies. We are honored to be recognized by the Silicon Valley / San Jose Business Journal as a one of the fastest growing companies in our area," said Eric Stang, president and CEO of Reliant Technologies. "Reliant Technologies is committed to providing patients and physicians with the most advanced laser systems on the market today and for providing safe and effective skin rejuvenation treatments to fit their busy lifestyles
The annual Fast 50 survey ranks privately held Silicon Valley and San Jose companies based on their revenues and percentage of growth over a two-year period from 2005 to 2007. To qualify for the Fast 50 list, companies must have been privately held between 2005 and 2007 and had at least $200,000 in revenue in 2005.
In accepting the award, Jeffrey S. Jones, chief operating officer of Reliant Technologies said, "Our success can be attributed to the revolutionary Fraxel laser technology, coupled with a fantastic team that possesses a ‘let's get it done today' sense of urgency and a commitment to customer care."
According to the American Society of Dermatologic Surgery, laser skin resurfacing was one of the top five requested cosmetic treatments in 2007, with demand for non-ablative skin rejuvenations procedures increasing 110 percent from 2005 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® system to produce safe and effective results with minimal recovery time. Reliant is based in Mountain View, Calif. For more information, visit www.fraxel.com.
About the Fraxel Systems
The Fraxel® family of products, which includes the Fraxel re:pair™, Fraxel re:store™ and the Fraxel re:fine™ 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. Fraxellasers 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 (AFRTM) 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 (NFRTM) 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.
Reliant Technologies, Inc.
Cohn & Wolfe
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