DENVILLE, N.J., March 17, 2008 (PRIME NEWSWIRE) -- Lantis Laser Inc. (Pink Sheets:LLSR) (http://www.lantislaser.com), announced today that it has entered into a strategic relationship with Axsun Technologies, leaders in the design of high-performance Integrated MEMs OCT Engines. Axsun's patented swept source technology enables the highest attainable performance for frequency domain optical coherence tomography, a novel and rapidly growing bio-medical imaging modality.
Lantis has exclusive rights for the OCT dental application under its license agreements with Lawrence Livermore National Laboratory (exclusive) and LightLab Imaging (non-exclusive). Its proprietary OCT Dental Imaging System(tm) is a diagnostic aid that provides real-time, high-resolution chairside imaging of dental tissue for the early detection of tooth decay and other oral diseases, at a resolution of up to 10 times that of x-ray. As it is light-based, unlike x-ray, no harmful radiation is emitted.
Lantis is currently in Phase 2 development of its OCT Dental Imaging System(tm) and due to this significant upgrade in technology, other components in its OCT Dental Imaging System(tm) need to be upgraded. As a result of this major system upgrade, full market introduction of the OCT System is now projected to be in the first quarter of 2009, a change from the originally anticipated market introduction date of third quarter 2008.
Commenting on this major development, Stan Baron, President and CEO of Lantis said, "Swept Source OCT Engines that are high-performance and manufacturable in high volume are something we have sought for many years while developing the dental application of OCT. The technology has now caught up with the application, allowing us to offer a much higher system performance level in terms of scanning speed, resolution and in field reliability." He continued, "At the same time, the cost effectiveness of the Integrated MEMs OCT Engine enables us to meet the targeted price to the dentist of approximately $25,000. With a worldwide market size estimated at 200,000 systems, the potential sales for Lantis are very significant."
Dale Flanders, CEO of Axsun, added that, "The application of our technology into the dental industry is very exciting as there is a very large potential customer base to purchase Lantis' OCT Dental Imaging System(tm), and we are geared up to supply this large market. We also look forward to bringing general purpose OCT Engines to Market later in 2008."
About Lantis Laser
Lantis was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity and large market potential. Lantis is currently in Phase 2 development and plans to launch the OCT Dental Imaging System(tm) in the third quarter of 2008. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory (exclusive) and LightLab Imaging (non-exclusive). OCT was invented in the early 1990s at the Massachusetts Institute of Technology and is currently being commercialized by Carl Zeiss Meditec, Inc. in ophthalmology and by LightLab Imaging for cardiovascular imaging.
To find out more about Lantis Laser (Pink Sheets:LLSR), visit our website at www.lantislaser.com.
Forward-Looking Statements:
Certain statements in this press release, including statements regarding the anticipated development and expansion of Lantis' business, and the intent, belief or current expectations of Lantis, its directors or its officers, are forward-looking statements. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.