Reliant Technologies and Laser Industries/Sharplan Have Reached a Settlement of Reliant's Antitrust Suit Against Laser Industries/Sharplan

Business Wire, March 28, 2000

Business Editors & Health/Medical Writers

FOSTER CITY, Calif.--(BW HealthWire)--March 28, 2000

The Suit Was to Commence Trial on April 24, 2000

Reliant Technologies, Inc. announced today that it has settled its antitrust suit against Laser Industries/Sharplan.

Reliant's antitrust suit against Laser Industries/Sharplan, set for trial on April 24, 2000 in the Northern California District Court, has now been resolved. Reliant has agreed to accept a substantial cash settlement. Reliant will also be paid to consult with Laser Industries/Sharplan and its parent ESC Medical Systems over a three-year period.

Michael Black, president and CEO of Reliant, stated: "Despite the tremendous amount of time invested in completing this litigation, Reliant has continued to assess the surgical laser market needs, and developed appropriate products. As a result, Reliant is poised to rapidly bring to a much broader market the current core of its medical laser instrumentation, and in addition, to further develop new advanced laser systems, which will allow diagnosis and treatment in multiple medical specialty areas to be performed via real time telecommunication links, both terrestrial and space based."

Reliant Technologies, Inc. has been recognized worldwide for its reputation in the medical community for design and manufacturing of advanced and innovative surgical and aesthetic laser systems of high quality and precision. Reliant's proprietary technology and products, supported by more than twenty U.S. Patents, have received numerous engineering awards, such as:

--   "Outstanding Engineering Achievement" by National Society of
     Professional Engineers
--   "R&D 100 Award" by Research & Development Magazine
--   "Excellence in Design" by Design News Magazine