Health & Fitness
Health and Fitness
Health and Fitness
Wed, January 7, 2009 Synergetics USA, Inc. Announces 3 Month Extension of Current Agreements with Codman & Shurtleff, Inc. as Longer Term Agreement
O™FALLON, Mo.--([ BUSINESS WIRE ])--Synergetics USA, Inc. (NASDAQ: SURG) announced the signing of a 3 month extension to March 31, 2009 of the current electrosurgery product distribution and Malis® trademark licensing agreements with Codman & Shurtleff, Inc. ("Codman"), an affiliate of Johnson & Johnson, as ongoing negotiations for longer term agreements between the two companies ensue.
Under the terms of the extension, Codman will continue to market and distribute certain bipolar generators and related disposables and accessories supplied by Synergetics. Additionally, Synergetics and Codman extended the license agreement providing for the continued licensing of Synergetics' Malis® trademark to Codman for use with certain of its products, including those covered by the distribution agreement.
About Synergetics USA, Inc.
Synergetics USA, Inc. is a leading medical device company. Through continuous improvement and development of our people, our mission is to design, manufacture and market innovative microsurgical instruments and consumables of the highest quality in order to assist and enable microsurgeons around the world to provide a better quality of life for their patients. The Company's primary focus is on the microsurgical disciplines of ophthalmology and neurosurgery. Our distribution channels include a combination of direct and independent sales organizations and important strategic alliances with market leaders. The Company's product lines focus upon precision engineered, microsurgical, hand-held instruments and the microscopic delivery of laser energy, ultrasound, electrosurgery, illumination and irrigation, often delivered in multiple combinations.
Forward-Looking Statements
Some statements in this release may be "forward-looking statements" for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important facts that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.These facts, risks and uncertainties are discussed in Synergetics' Annual Report on Form 10-K for the year ended July 31, 2008, as updated from time to time in our filings with the Securities and Exchange Commission.
