"We came to this year's AAD meeting having just announced our outstanding financial results. Along with this momentum we were able to announce the next generation Lux system," said Palomar CEO Joseph Caruso.
The Palomar StarLux pulsed-light and laser system is computer controlled for easy operation and has an adjustable 'smooth pulse' energy output along with integrated contact cooling for added safety.
Like Palmor's other systems - the MediLux, EsteLux and NeoLux - the StarLux has many handpieces that can be used for hair removal, treatment of acne (pending FDA clearance) and for photofacial applications for the treatment of pigmented and vascular lesions claimed to improve the skin's tone and texture.
Optimum spectrum selection, higher power and faster repetition rates were incorporated into the design claimed to rival the performance of single application laser technology.
Palomar pioneered the optical hair removal field in 1996 when it introduced the first high-powered laser hair removal system. Since then, many of the major advances in light-based hair removal have been based on Palomar technology.
"We have recently completed a very successful investor relation's roadshow at the AAD where we met with managers of numerous investment funds and analysts to discuss Palomar's strategic initiative and growth potential. The tremendous interest generated in Palomar was not surprising given the companies recent financial results," said Palomar's financial officer Paul Weiner.
In 2003, Palomar, a researcher and developer of hair removal and other cosmetic treatments, entered into an agreement with Gillette to complete the development and commercialisation of a patented home-use, hair removal device for women.