DENVILLE, N.J., May 8, 2007 (PRIME NEWSWIRE) -- Lantis Laser Inc. (Pink Sheets:LLSR) (http://www.lantislaser.com), a New Jersey based development stage company, is pleased to announce that it has recently completed a private placement for $2.5 million.
This round of financing enables Lantis to complete Phase 2 development of its OCT (Optical Coherence Tomography) Dental Imaging System(tm) designed for the early detection of oral diseases such as caries (decay) and periodontal disease.
"In Phase 2 we are building the OCT Dental Imaging System(tm) to specifications that will allow clinicians to image in the mouth and obtain high resolution scans showing the characteristics of oral diseases," said Dr Craig Gimbel (Director of Clinical Affairs). "We expect to have five sites working to establish a body of experience in the mouth by the end of 2007 and to use this experience to determine the final specification of the pre-production system.
"One of the major challenges facing dentistry today is the continuing prevalence of oral diseases and the need for early detection of oral diseases such as decay, periodontal disease and root caries," said Gimbel. Lantis' OCT Dental Imaging System(tm), because of its high resolution, can provide the early and accurate means for detecting these problems so that non- or minimally-invasive treatment can be employed. Routine early detection scanning will provide images and evaluation of dental tissues not seen before and will lead to a higher standard of patient care.
The demand for dental services is increasing as the population ages and the awareness for good oral hygiene increases. Numerous studies point to the link between oral infections and heart disease, stroke and problems with diabetes, increasing the awareness for better oral care and visits to the dentist.
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.
About Lantis Laser Inc.
Lantis Laser Inc. is a New Jersey based company established to commercialize technology in the dental field. Lantis has exclusive rights to OCT for dental applications through its licensing agreement with Lawrence Livermore National Laboratory and LightLab Imaging and expects this advanced yet safe technology to play a major part in the dental office of the future. Lantis plans on introducing the OCT Dental Imaging System(tm) to the dental profession in the second half of 2008.
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