Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Palomar Medical and Gillette to Develop a Hair Removal Device for Women
Feb 19, 2003
 Printable format
 Email this Article
 Search

Palomar Medical Technologies Inc., a developer of light-based systems for hair removal and other cosmetic treatments, and personal care appliance maker The Gillette Company announced today that they signed an agreement to complete development and potentially commercialize a patented home-use, light-based hair removal device for women.

The agreement provides for up to U.S. $7 million in support of development to be paid by Gillette over approximately 30 months.

Commenting on the agreement, Palomar CEO Joseph P. Caruso said, "This agreement with Gillette marks the beginning of a new phase for Palomar. More than seven years ago, we embarked on research to develop and introduce Palomar's light-based hair removal technology to the mass market. Gillette is the world leader in innovative shaving products and systems, with a global manufacturing and distribution capability. We believe that we are positioned with the best possible partner."

Michael Buckley, director, Emerging Technology Ventures, The Gillette Company, added: "Our licensing agreement with Palomar is part of our overall effort to be well-positioned and knowledgeable on all hair removal technology. Our agreement provides for continued research and development of light-based technology and even possible product commercialization, if testing and regulatory requirements are met."

Further details of the agreement are contained in a corresponding filing with the Securities and Exchange Commission (SEC).

Back to Daily News

 

Daily News

...........................................................

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows