Date Announced: 20 Mar 2012
CE certificate for LiteTouch systems sold by the firm's "Light Instruments" dental laser subsidiary is temporarily suspended.
YOKNEAM, ISRAEL--(Marketwire -03/20/12)- Syneron Medical Ltd. (NASDAQ: ELOS - News), the leading global aesthetic device company, announced today that its wholly owned subsidiary Light Instruments Ltd. ("Light") has initiated a voluntary field action regarding LiteTouch dental laser systems installed at customers' sites in Europe.
This voluntary field action is the result of a recent test of the LiteTouch product which concluded that some of the LiteTouch systems currently on the European market are not fully compliant with certain Electromagnetic Compatibility (EMC) requirements of the European Norm standard. As a result, the CE certificate of conformity for the LiteTouch system has been temporarily suspended. No such EMC issues exist with respect to Light's other products.
Further to this voluntary field action, in the coming months, Light will implement changes to the LiteTouch system hardware to ensure that the system complies with all applicable European standard requirements. When the CE certificate of conformity for the LiteTouch system has been reinstated, Light will take all necessary steps to ensure that the LiteTouch systems currently installed in European customers' practices are fully compliant with applicable regulations.
"The EMC compliance of our products is of fundamental importance to Syneron and its subsidiaries," said Louis P. Scafuri, CEO of Syneron. "We are dedicating significant resources to resolving this issue and are confident that this process will be finalized in the coming months."
Syneron anticipates that the costs of this field action will have only a limited effect on its results of operations, with an anticipated cost of $2.5-$3.5 million in one-time charges to earnings.
About Light Instruments
Light Instruments Ltd. -- http://www.synerondental.com/ -- is a leading provider of next generation dental laser technology for hard and soft tissue treatments. Light, also known as Syneron Dental Lasers, is a wholly owned subsidiary of Syneron Medical Ltd. Founded in 2005, Syneron Dental Laser's headquarters are located in Israel.
Source: Syneron
E-mail: via web site
Web Site: www.synerondental.com/
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