Ad-hoc | 21 October 2004 11:17
Carl Zeiss Meditec AG:Carl Zeiss Meditec to acquire Laser…
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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(Dublin, CA – Jena, Germany, October 21, 2004) Carl Zeiss Meditec,
Inc. and Laser Diagnostic Technologies, Inc. (LDT), based in
San Diego, Calif., today announced that they have signed a
definitive agreement for Carl Zeiss Meditec’s acquisition of LDT yesterday
evening. LDT invented and commercialized a new standard for glaucoma
detection with its proprietary ocular nerve fiber measurement instrument.
Worldwide sales of approximately USD 20 million with a break-even operating
result are expected.
The transaction is expected to close in approximately 30-45 days, pending
the requisite company and shareholder approvals. Further details of the
agreement were not yet disclosed.
LDT’s main product GDx VCC is a dedicated glaucoma diagnosis and management
tool. It complements the market presence of Carl Zeiss Meditec’s STRATUSOCT
(TM) which is a multipurpose retinal imaging system used not only for the
diagnosis of glaucoma, but also for a wide array of conditions including AMD,
diabetic retinopathy and pre-and post-cataract assessment. Thus, the GDx
VCC targets especially at customers who do not require the full range of
capacities as offered by the STRATUSOCT (TM).
The global market for glaucoma products is expected to increase at an annual
rate of over 10% as a result of the aging population and technology advances.
Glaucoma is the leading cause of irreversible blindness. Approximately
three million Americans, and more than sixty million people worldwide, have
glaucoma, but almost half are unaware that they have it. The patient
population is expected to grow as the global population ages. Therefore, the
company is well positioned with its glaucoma solutions to meet future
expanding demands.
Contact(s):
Carl Zeiss Meditec AG, Jens Brajer/Director Investor Relations, Göschwitzer
Str. 51-52, 07745 Jena, Phone: +49 (0)3641-220-105, Fax: +49 (0)3641-220-117,
E-mail: investors@meditec.zeiss.com
end of ad-hoc-announcement (c)DGAP 21.10.2004
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WKN: 531370; ISIN: DE0005313704; Index:
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