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Date Announced: 11 May 2011
Recognized for Innovation Leadership and the Development of Numerous Disruptive Technologies.
IRVINE, CA (May 11, 2011) - BIOLASE Technology, Inc. (NASDAQ:BLTI), the World's leading dental laser manufacturer and distributor, today announced that it received the ASTRUM Award, presented by MDB Capital Group to Federico Pignatelli, Chairman and CEO, and Dmitri Boutoussov, Vice President of Engineering and Development, at the 2nd annual Bright Lights Conference at the Le Parker Meridien Hotel in New York City. BIOLASE was recognized for its innovation leadership and the development of numerous disruptive technologies measured by the highest Patent Application compound annual growth rate (CAGR) and number of patent applications on file and adjusted for Application Conversion Rate.
"BIOLASE stood out as the top company in its industry with the highest Patent Application CAGR and the highest number of patent applications on file, adjusted for Application Conversion Rate, and we are honored to recognize the Company's achievements in driving IP as an asset class and the impact the Company is making on innovation in America," commented Christopher A. Marlett, CEO of MDB Capital Group.
Pignatelli said, "Providing innovative and disruptive technologies that advance the practice of dentistry and medicine, leading to enhanced outcomes and more comfortable patient experiences, continues to be the focus at BIOLASE. We are especially enthusiastic with our development of a new surgical system to cut human tissue in a biological and atraumatic way. This development could revolutionize the way surgeons perform a broad range of procedures. This award is a testament to those efforts and serves as overdue recognition for our productive and inventive R&D teams in Irvine. We are honored to have been recognized by MDB as it relates to our extensive IP and we look forward to getting many additional technologies to market in the coming years."
BIOLASE was selected from MDB's 2011 group of "Best and Brightest" small-cap companies and advanced as one of the 40 public companies ranking in the 90th percentile for its respective technology leadership from more than 1,500 small-cap companies with granted U.S. patents, as rated by PatentVest, MDB's proprietary IP business intelligence platform. The Bright Lights Conference is the only conference with an exclusive focus on publicly-traded companies with disruptive and market changing IP.
Source: Biolase
E-mail: jill@allencaron.com
Web Site: www.biolase.com
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