Venus Concept Launches New “Venus Aesthetic Intelligence” Branding and Updated “Venus.ai” Website to Reflect New Vision for the Company
October 17 2023 - 7:30AM
Venus Concept Inc. ("Venus Concept" or the "Company") (NASDAQ:
VERO), a global medical aesthetic technology leader, announced
today a company-wide rebranding initiative, introducing Venus
Aesthetic Intelligence (or "Venus AI") to reflect its new strategic
vision for the company and an enhanced focus on emerging
technologies in aesthetics.
"It has been a transformational year for the
company. With the first phase of our strategic turnaround behind
us, we have now set the stage for a fresh new vision for the future
of the company. This vision will build upon our leading product
innovations, customer focus and align with our long-term strategic
growth plan," said Rajiv De Silva, Chief Executive Officer of Venus
Concept.
In today’s increasingly complex field of Medical
Aesthetics, wide-ranging procedure options offer tremendous choice
to customers and patients. Each procedure also offers a wealth of
data detailing in-practice actions, device performance, and
behaviors that can provide valuable insights for practitioners,
help inform optimal practice performance and drive new technology
innovations. Leveraging our advanced R&D capabilities in
energy-based technologies, robotics automation, vision systems
incorporating novel AI/ML approaches, IoT connectivity, and
business intelligence tools, our strategic vision is to be at the
forefront of aesthetics practice development, empowering clinics
and patients, enabling them to make informed decisions, enhance
treatment approaches and achieve optimal results in a personalized
manner for their patients.
The new Venus AI branding represents a
forward-looking approach to aesthetics innovation that is core to
Venus’ future aspirations. Our Product portfolio will continue to
evolve and deliver more than just leading device performance – but
a shift towards total practice performance; from the moment the
patient enters the clinic to the post-treatment recovery. Further,
by staying connected to our customers, we can start to leverage
real-time data across our growing network of connected devices to
uncover the meaningful business insights that define the best in
practice performance and fuel the next-generation of aesthetics
device technologies.
"Venus AI captures our strong commitment towards
growing our global brand, focusing on emerging technologies and
services, building smarter practices, and customizable treatments.
All fed by data and powered by insights," said Dr. Hemanth
Varghese, President & Chief Operating Officer. "Customers will
start to see new Venus AI branding in all of our new product
launches, starting with the Venus VersaPro this year, a new body
system next year and importantly with the launch of our
next-generation aesthetic robotics platform, AI.ME in late
2024."
The Company’s new website – www.Venus.ai has
also launched this week and all new Product and Marketing
communications from Venus Concept will demonstrate our new vision
and commitment to innovation for our customers and partners across
the globe.
About Venus Concept
Venus Concept is an innovative global medical
aesthetic technology leader with a broad product portfolio of
minimally invasive and non-invasive medical aesthetic and hair
restoration technologies and reach in over 60 countries and 14
direct markets. Venus Concept's product portfolio consists of
aesthetic device platforms, including Venus Versa and Venus Versa
Pro, Venus Legacy, Venus Velocity, Venus Fiore, Venus Viva, Venus
Glow, Venus Bliss, Venus BlissMAX, Venus Epileve, Venus Viva MD and
AI.ME. Venus Concept's hair restoration systems include NeoGraft®
and the ARTAS iX® Robotic Hair Restoration system. Venus Concept
has been backed by leading healthcare industry growth equity
investors including EW Healthcare Partners (formerly Essex
Woodlands), HealthQuest Capital, Longitude Capital Management,
Aperture Venture Partners, and Masters Special Situations.
Investor Relations Contact:
ICR Westwicke on behalf of Venus Concept:
Mike Piccinino, CFA
VenusConceptIR@westwicke.com
Venus Concept (NASDAQ:VERO)
Historical Stock Chart
From Sep 2024 to Oct 2024
Venus Concept (NASDAQ:VERO)
Historical Stock Chart
From Oct 2023 to Oct 2024