ASXSF Elysee Development Corp (PK)

SensAble Technologies, Inc�, a leading provider of 3D touch-enabled modeling systems and haptic technology, and Remedent Inc. (OTCBB: REMI), an international company specializing in the research, development, and manufacturing of oral care and cosmetic dentistry products, announce they have entered into a multi-year, multi-million dollar OEM agreement. SensAble will provide Remedent with a customized version of its acclaimed, touch-enabled 3D modeling system which will be used to design GlamSmile� dental veneers. By adding SensAble�s 3D modeling technology, GlamSmile-certified dental labs worldwide can produce veneers in less time and lower cost � with exceptional fit and accuracy. Remedent�s innovative GlamSmile veneer system provides a fast, painless and affordable cosmetic dental solution for patients with severely stained, misshapen, chipped, misaligned and discolored teeth. Veneers remain a strong segment in the $2.75 billion US cosmetic dentistry market, with $372 million in veneer revenue alone in 20061 at well-above average market growth rates in 2007.2 First proven in Europe and debuting in the US in October 2007, the GlamSmile system revolutionizes the formerly one-at-a-time placement methods with a proprietary tray delivery system that lets practitioners expertly seat 10 ultra-thin, custom veneers at one time in less than an hour, while preserving tooth structure. Starting in July 2008, GlamSmile production centers will incorporate SensAble�s 3D digital modeling system to replace the creation of hand-crafted wax models required in today�s process of designing GlamSmile veneers for patients. �GlamSmile has revolutionized the way dental veneers are delivered and placed, and SensAble has worked with us to develop a highly customized application that is revolutionizing the design process,� said Guy de Vreese, CEO of Remedent. �With this solution, patients get beautifully designed and placed veneers in a fraction of the time and cost of other solutions. Now that�s something to smile about!� Under the agreement, SensAble will provide Remedent with GlamSmile Design Software�, a tailored veneer modeling application developed by SensAble and based on its acclaimed 3D modeling software, along with SensAble�s PHANTOM� haptic (touch-enabled) devices. With SensAble�s solution, GlamSmile technicians experience force feedback from the haptic device � so they literally �feel� the veneers that they are sculpting while viewing them on a computer screen. Working by feel lets dental lab technicians work faster and more intuitively to produce veneers with exceptional thinness, fit to the patient�s existing tooth structure, and with consistent quality. �Creating veneers is an application where SenAble�s technology really can shine,� said Curt Rawley, CEO of SensAble Technologies. �As digital technologies revolutionize the many segments of the dental business, we�re excited to partner with such a notable dental industry player as Remedent in bringing the time-savings and digital precision made possible by SensAble�s customized veneer solution to this fast-growing area of cosmetic dentistry.� About Remedent, Inc. Remedent, Inc., a publicly-traded company on the OTCBB, specializes in the research, development, manufacturing and marketing of oral care and cosmetic dentistry products. With offices in California, Belgium and Singapore, Remedent distributes its products in more then 35 countries. For additional information, visit Remedent's web site at www.remedent.com. About SensAble Technologies Founded in 1993, SensAble Technologies is a leading developer of 3D touch-enabled (force feedback) solutions and technology that allow users to not only see and hear an on-screen computer application, but to actually �feel� it. With 32 patents granted and over 6,000 systems installed worldwide, SensAble Technologies' haptic technology is being used in applications ranging from surgical simulation and stroke rehabilitation, to dental restorations, to designing toys and footwear; as well as a range of research and robotic applications. The company markets its own 3D modeling solutions as well as its haptic devices and developer toolkits to medical, dental, design, and manufacturing companies; educational and research institutions; and OEMs. SensAble products are available through direct and reseller channels worldwide. www.sensabledental.com PHANTOM, PHANTOM Omni, SensAble, and SensAble Technologies, Inc. are trademarks or registered trademarks of SensAble Technologies, Inc. GlamSmile and Remedent are trademarks of Remedent. Other brand and product names are trademarks of their respective holders. 1 American Academy of Cosmetic Dentistry, 2007 AACD State of Cosmetic Dentistry survey, 12/13/07. 2 The Freedonia Group, Dental Products & Materials, 4/24/08.