PhotoThera, Inc. Announces Award of Contract to Syprosoft, Inc. for the Development of Software and Electronics for their NeuroThera(TM) Laser System
CARLSBAD, Calif.--(BUSINESS WIRE)--Nov. 25, 2005--PhotoThera, Inc. announced today that it had awarded a contract to Syprosoft, Inc. to develop software and electronics for their NeuroThera(TM) product. The NeuroThera(TM) is a laser system designed for the treatment of ischemic stroke.
PhotoThera, Inc. is a privately owned biomedical company pioneering the use of therapeutic laser technology for treatment of major unmet medical needs. Syprosoft, Inc. is a research and development services firm with extensive experience in medical laser products development.
"We are delighted to have Syprosoft join our engineering team as we work to develop our NeuroThera(TM) product," said Jackson Streeter, M.D., Founder & CEO of PhotoThera, Inc. "We are looking to Syprosoft’s skills and experience to develop a quality product that meets all regulatory requirements."
"We are honored to have been selected by PhotoThera for the development of the NeuroThera(TM) product," said Dipu Ghosh, President of Syprosoft, Inc. "We are looking forward to augmenting PhotoThera’s R&D resources and providing the high quality engineering services that they seek at competitive prices."
About PhotoThera, Inc. PhotoThera, Inc., located in Carlsbad, California, is a privately held biomedical company pioneering the emerging field of infrared energy therapeutics. PhotoThera was incorporated in 1997 under the name Acculaser. The company was founded by Jackson Streeter, M.D., who was intrigued by the possibilities of using infrared laser for therapeutic applications during his service as a Navy flight surgeon. The company received FDA clearance for the ACCULASER Pro(TM), a device designed for the temporary relief of hand and wrist pain associated with carpal tunnel syndrome. In 2004, PhotoThera received 510(k) clearance for an additional infrared laser device designed for adjunctive use in providing temporary relief of pain associated with Iliotibial Band Syndrome. PhotoThera is currently evaluating a new medical device used to ameliorate the debilitating effects of stroke.
About Syprosoft, Inc. Founded in 2002, Syprosoft, Inc. is a privately held company located in Irvine, California, which operates two divisions. Syprosoft Engineering provides a full range of R&D services, including software, electrical and mechanical engineering. As an extension of a client’s engineering department, Syprosoft Engineering provides the critical skills and expertise at the right time to help its clients meet their product development goals. Syprosoft International provides international marketing services, particularly in the large and fastgrowing markets, such as India and China. Leveraging its knowledge of a client’s products, together with a network of local representatives, Syprosoft International helps establish a strong presence for its clients’ products in international markets.
Disclaimer This press release contains forward-looking statements. These are based on current expectations and beliefs and are subject to numerous risks, uncertainties and change. The parties disclaim any obligation to update any forward-looking statement as a result of developments occurring after this press release.
Contacts Syprosoft , Inc. Dipu Ghosh, 949-250-1065, ext . 24 dghosh@syprosoft .com www.syprosoft.com or PhotoThera, Inc. Jackson Streeter, 760-496-3700 email@example.com www.photothera.com