Hansen Medical and Philips Enter Agreements for the Development of Non-Robotic Applications of Fiber Optic Shape Sensing and Localization Technology

Hansen to Receive $29 Million Upfront and up to $78 Million in Future Payments

Hansen Medical, Inc. (NASDAQ:HNSN), a global leader in flexible robotics and the developer of robotic technology for accurate 3D control of catheter movement, today announced that it has entered, directly and through a wholly owned subsidiary, into patent and technology license, sublicense and purchase agreements with Philips to allow them to develop and commercialize the non-robotic applications of Hansen Medical's Fiber Optic Shape Sensing and Localization (FOSSL) technology.

FOSSL is a potentially disruptive visualization technology that employs a fiber optic sensor designed to allow physicians to identify both the shape and position of catheters and other tools used in minimally invasive procedures.

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BIOLASE Announces Preliminary Fourth Quarter Results Indicate That Revenue and Profitability Are in Line With Guidance

 Revenue Expected to Be in Previously Announced $9.5 Million to $10 Million Range; 2011 Revenue Guidance Set Between $55 Million and $60 Million; Board Approves a 4 Percent Annual Stock Dividend Policy, Declares 1 Percent Dividend for 2011 First Quarter

BIOLASE Technology, Inc. (NASDAQ:BLTI - News), the world's leading dental laser manufacturer and distributor, today announced that, based on a preliminary review of its financial performance for the fourth quarter ended December 31, 2010, the Company expects to report net revenue ranging between $9.5 million to $10 million with positive net income excluding non-cash stock option expense.

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FONAR UPRIGHT MRI Customer Wins Jury Decision in Federal Court for Antitrust Lawsuit Versus CareCore National

FONAR Corporation (NASDAQ:FONR), The Inventor of MR Scanning™, announced today that a provider of outpatient diagnostic services (a FONAR customer) and several Stand-Up MRI diagnostic imaging professional corporations (PCs) received a jury verdict in their favor in an anti-trust lawsuit against CareCore National, LLC, a radiology benefits management (RBM) company (www.carecorenational.com).

This antitrust lawsuit involved CareCore National's exclusion of the plaintiffs, all of them providers of MRI services using Stand-Up MRI scanners (FONAR UPRIGHT® Multi-Position™ MRIs), from utilization by its member subscribers. CareCore Radiology, a division of CareCore National, covers more than 30 million member subscribers in all 50 states. The diagnostic service provider and the PCs were represented by Constantine Cannon LLP, New York, NY, (www.constantinecannon.com).

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FONAR Announces Financial Results for First Quarter of Fiscal 2011 as Income and Revenues Advance

Corporation (NASDAQ:FONR), The Inventor of MR Scanning™, today announced its earnings for the first quarter of fiscal 2011, ending September 30, 2010.

Income from operations for the quarter ending September 30, 2010 was $435,000 as compared to a loss of $1,422,000 for the same period one year earlier, ending September 30, 2009. FONAR has had income from operations for three quarters in a row.

Net income for the first quarter of fiscal 2011 ending September 30, 2010 was $385,000 as compared to a net loss of $1.7 million for the same quarter one year earlier ending September 30, 2009.

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CENTERVILLE, MA – November 2, 2010 (Investorideas.com Newswire) - UV Flu Technologies, Inc. (OTCBB: UVFT) (the "Company") is pleased to announce the recent signing of agreements with 3 new distributors to commence offering the ViraTech UV-400 to their market segment commercial accounts.

 

The new distributors include Emerald Medical Service, a supplier of medical equipment throughout the Washington, DC area, UV Air, a supplier to government, schools, and hotels in the Woburn, MA area, and Factory-Direct Green, a distributor servicing over 400 hotel customers in the Carlsbad, California area.

Read more: Biotech Stocks Update; UV Flu Technologies (OTCBB: UVFT) Announces Growth of National Distributor...