The company also has several existing medical customers including
Erchonia Medical Instruments, a leader in low power laser therapy for
dermatology and pain management treatments, for its laser modules.
Having completed significant development efforts in 2007, the company's
specialty optical fiber division expects to commence shipments of its
first fiber-based laser delivery assemblies for minimally invasive
surgery in the first quarter of 2008.
Twenty of StockerYale's LED system modules will be used in point of
care treatment systems under development to be used as a photo-initiator
for a pharmaceutical product and will be involved in clinical trials in
the spring of 2008. Each module incorporates more than 100 each of two
types of LEDs with custom wavelengths. Each module also incorporates
optical design features, thermal management expertise and an integrated
control circuit. The company also expects to significantly ramp up
production of its custom-engineered LED modules for the dental market
for a Fortune 100 company in 2008.
Concluded Blodgett, "We enter 2008 on the cusp of delivering on our
medical vertical strategy to further penetrate a fast-growing and
significant market opportunity. Coupled with the recent appointment of a
new chief operating officer and chief financial officer tasked to
improve operational performance across the entire organization and
underpinned by market-leading technologies, we have in place the
requirements for a successful 2008 and beyond.
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