BILLERICA, Mass., Feb. 3, 2014 /PRNewswire/ -- Axsun Technologies,
Inc., a wholly-owned subsidiary of Volcano Corporation (NASDAQ:
VOLC) and a leading developer and manufacturer of advanced photonic
components and subsystems, has received a volume purchase order for
Swept Laser OCT Engines from Michelson Diagnostics Ltd. The
Axsun Swept Laser OCT Engine will power the new Michelson
Diagnostics' Vivosight Multi-Beam OCT system. The Vivosight
Multi-Beam OCT system is the first OCT scanner to receive FDA
510(k) clearance for imaging skin in high definition, revealing
subsurface tissue structure at unprecedented detail.
"Axsun's Swept Laser OCT Engines are ideally suited for
real-time OCT imaging in many imaging applications," said
Jonathan Hartmann, General Manager
at Axsun. "We are very excited to partner with a market leader like
Michelson Diagnostics to address this critical and quickly growing
patient need."
"We evaluated many available swept laser products when selecting
a supplier for our new Vivosight system," said Jon Holmes, CEO of Michelson Diagnostics. "We
found Axsun to be the ideal company with whom to partner, offering
the best platform of performance, value and volume manufacturing
capability."
Axsun will also demonstrate its latest Swept Laser Engines and
Data Acquisition products at booth 8315/315 at The SPIE
BIOS/Photonics West Exhibition at the Moscone Center, San Francisco February
1-6th, 2014.
About Axsun Technologies
Axsun Technologies, Inc., a Volcano subsidiary, established in
1998, develops and manufactures MEMS-based optical engines for
optical telecommunications, industrial spectroscopy, and medical
imaging applications. Through its expertise in micro-optics,
packaging and precision engineering, Axsun has pioneered an
entirely new class of high-performance, miniaturized instruments
and devices enabling a dramatic shift from lab based measurements
to on-line, at-line and in-vivo measurements, without compromising
performance. Axsun was acquired by Volcano Corporation in
December 2008. For more information,
visit Axsun's website at www.axsun.com.
About Volcano Corporation
Volcano Corporation is
revolutionizing the medical device industry with a broad suite of
technologies that make imaging and therapy simpler, more
informative and less invasive. Its products empower physicians
around the world with a new generation of analytical tools that
deliver more meaningful information - using sound and light as the
guiding elements. Founded in cardiovascular care and expanding into
other specialties, Volcano is changing the assumption about what is
possible in improving patient outcomes by combining imaging and
therapy together. For more information, visit the company's website
at www.volcanocorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Any statements in this release that are not historical facts
may be considered "forward-looking statements" including statements
regarding the potential performance and benefits of the Axsun
products described above. Forward-looking statements are based on
management's current expectations and are subject to risks and
uncertainties which may cause results to differ materially and
adversely from the statements contained herein. Some of the
potential risks and uncertainties that could cause actual results
to differ include the pace and extent of market adoption of Axsun's
products and technologies, outcome of ongoing litigation, market
conditions, and other risks inherent to telecom device development
and commercialization. These and additional risks and uncertainties
are more fully described in Volcano's filings made with the
Securities and Exchange Commission, including our recent
quarterly report on Form 10-Q. Undue reliance should not be
placed on forward-looking statements which speak only as of the
date they are made. Volcano undertakes no obligation to update any
forward-looking statements to reflect new information, events or
circumstances after the date they are made, or to reflect the
occurrence of unanticipated events.
SOURCE Axsun Technologies, Inc.