(PRBuzz) January 10, 2013 -- QualityStocks would like to highlight BIOLASE (NASDAQ: BIOL), revolutionizing surgery in dentistry and medicine with WaterLase technology. The company specializes in the development, manufacturing, and marketing of lasers and related products to provide biological treatments that eliminate pain and are safer for patients. BIOLASE leads the global dental industry with their flagship, best-selling laser systems, such as the WaterLase iPlus™ and WaterLase MDX™, both of which feature novel, patented laser technologies designed by BIOLASE's R&D and clinical teams to perform dental and medical surgery, while dramatically reducing pain and improving clinical results.
BIOLASE originally intended to use a portion of the purchased Schein inventory for parts to service its large installed base of MD Turbo laser systems. Due to high demand for the equipment, however, the company ultimately elected to sell all of the repurchased laser systems. Under a February 2012 agreement, BIOLASE repurchased the units from Schein at a very advantageous price, selling them throughout the last three quarters at margins consistent with the company's other laser products.
Both the effectiveness and the benefits of having a wide range of WaterLase products have been demonstrated by the strong demand for these WaterLase MD Turbo laser systems over the past three quarters, as well as by a period of consistent growth in the direct sales of BIOLASE's flagship WaterLase iPlus.
A biomedical company, BIOLASE is engaged in developing, manufacturing, and marketing dental lasers; the company additionally distributes and markets dental imaging equipment and products that are focused on technologies to advance the practice of dentistry and medicine. BIOLASE's laser products incorporate around 290 patented and patent-pending technologies that are designed to provide biological treatment and clinically superior performance with decreased pain and accelerated recovery times. The company's imaging products offer cutting-edge technology at competitive prices, providing dentists and patients with the best results. BIOLASE's chief products are dental laser systems that perform a wide range of dental procedures - including cosmetic and complex surgical applications - and a complete line of dental imaging equipment and CAD/CAM systems. The company has sold more than 21,000 lasers, and other BIOLASE products are under development to address ophthalmology and other medical and consumer markets.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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