MOUNTAIN VIEW, Calif., Feb. 12, 2019 (GLOBE NEWSWIRE) — IRIDEX Corporation (Nasdaq: IRIX) today appear that it has bound its differences with Quantel Medical, S.A., Quantel USA, Inc., and Quantel, S.A. (collectively, “Quantel”) in its accusation filed adjoin Quantel in the U.S. District Court for the Northern District of California. IRIDEX absolved the accusation it had filed in January 2018, alleging that Quantel articles abandoned IRIDEX’s U.S. Apparent No. 7,771,417, that Quantel breached an beforehand acceding amid the parties, and that Quantel abandoned IRIDEX’s MicroPulse® U.S. Trademark, Registration No. 4550188 on the arch register.
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Quantel absolved its accusation in Europe including Tribunal de grande instance de Paris, 3e chambre, 1e section, RG n° 18/06053, accompanying to European apparent n° 1 856 774 adjoin IRIDEX and withdrew from accord in the Opposition to IRIDEX’s European Apparent No. 1856774. IRIDEX filed a Notice of Appeal with the European Apparent Office (EPO) in that proceeding in October 2018.
“We abode a aerial antecedence arresting our bookish acreage and I am absolute admiring with the abrupt resolution of the U.S. accusation and the bookish acreage claims in Europe. Our MicroPulse technology and its cast acceptance now abide adequate from aggressive abusage and misrepresentation,” declared William Moore, President and CEO. “We are now able to confidently move advanced in devoting our assets to added developing and business our proprietary laser technology for alleviative sight-threatening eye diseases, such as glaucoma and retinal diseases.”
IRIDEX’s MicroPulse technology delivers a tissue-sparing band-aid that allows the tissue to air-conditioned amid laser pulses, aspersing or preventing tissue damage, abbreviation analysis risks, and convalescent accommodating abundance and safety.
IRIDEX Corporation is a common baton in developing, manufacturing, and business avant-garde and able laser-based medical systems, commitment accessories and accessible chart for the ophthalmology market. The Company’s proprietary MicroPulse® technology delivers a differentiated analysis that provides safe, effective, and accurate analysis for targeted sight-threatening eye conditions. IRIDEX’s accepted artefact band is acclimated for the analysis of glaucoma, diabetic macular edema (DME) and added retinal diseases. IRIDEX’s articles are awash in the United States through a absolute sales force and internationally primarily through a arrangement of absolute distributors into added than 100 countries. IRIDEX is headquartered in Mountain View, CA. To apprentice more, amuse visit www.iridex.com.
Safe Harbor Statement
This advertisement contains advanced statements aural the acceptation of Area 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Act of 1934, as amended, including those statements apropos developing and business our proprietary laser technology for alleviative sight-threatening eye diseases. These statements are not guarantees of approaching achievement and absolute after-effects may alter materially from those declared in these advanced statements as a aftereffect of a cardinal of factors. Amuse see a abundant description of these and added risks independent in our Annual Report on Form 10-K for the budgetary year concluded December 30, 2017, and Quarterly Reports on Form 10-Q for consecutive budgetary quarters, anniversary of which was filed with the Securities and Exchange Commission. Advanced statements independent in this advertisement are fabricated as of this date and will not be updated.
Investor Relations Contact:Lynn Pieper Lewis or Leigh Salvo(415) email@example.com
Media Contact:Jamie Hall Pascale Communications, LLC.(724) firstname.lastname@example.org
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