Stan Baron, President & CEO of Lantis recently pointed out that, “OCT provides much more detailed images than x-ray for early detection of decay and can image occlusal (biting) surfaces, a huge advantage over x-ray. OCT is destined to be the modality of choice in the modern dental office.”
Lantis Laser has the exclusive rights to market OCT technology worldwide for in the mouth application.
In an imaging study by Wenzel and Fejerskov, the digital x-ray performed the best of three methods at over 70% accuracy. Visual was at 53% and conventional x-ray 48%. Yet the majority of dentists in the U.S., estimated at 75%, still use conventional x-ray as the main imaging modality in their office.
Initial indications are that the OCT System will be responsible for at least 60% of all images taken in-house as the System enables the dentist to capture images that cannot be captured with x-ray.
Lantis is targeting to sell its OCT System through major distributors that have worldwide distribution. Target retail price for the OCT System is under $20,000 which puts it within reach of the majority of dentists. The worldwide potential market is estimated at 200,000 dental offices or $4 billion at retail. Lantis’ management is highly confident that a market penetration of 5% can be achieved within 4 years of commencing marketing in the third quarter of 2008. Projected sales, at ex factory price, would amount to nearly $75 million for Lantis over this period, which would lay the foundation for an accelerated market penetration with increasing sales being booked for Lantis in future years to come.
Source: Lantis Laser Inc.
Contact: Lantis Laser Inc.
Stan Baron,President and CEO
11 Stonebridge Court
Denville, NJ 07834
Tel: (203) 300-7622
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 statement
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