July 24, 2014 2:56 PM ET

Healthcare Equipment and Supplies

Company Overview of WaveTec Vision Systems, Inc.

Company Overview

WaveTec Vision Systems, Inc. develops intraoperative wave front technology solutions for refractive cataract surgeons. Its products include a custom cataract system, which is an intraoperative wave front aberrometer that analyzes imperfections in the way light passes through the eye and enables eye surgeons to measure the refractive value of the eye during cataract surgery; and VerifEye monitoring system that enables ophthalmic surgeons to confirm eye stability prior to measurement by providing streaming refractions in a preview screen. WaveTec Vision Systems, Inc. was formerly known as AMT Technologies Corp. The company was incorporated in 1997 and is based in Aliso Viejo, California.

66 Argonaut

Suite 170

Aliso Viejo, CA 92656

United States

Founded in 1997

Phone:

949-273-5970

Fax:

949-273-5976

Key Executives for WaveTec Vision Systems, Inc.

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Vice President of Clinical Outcomes and Professional Relations
Age: 58
Consultant and Clinical Advisor
Compensation as of Fiscal Year 2014.

WaveTec Vision Systems, Inc. Key Developments

WaveTec Vision's Ora System(R) with VerifEye(TM) Sets New Standard for 21st Century Medicine

WaveTec Vision Systems, Inc. is setting the new standard for 21(st) Century Medicine with its proprietary ORA System(R) with VerifEye(TM). By delivering on the promise of patient- and provider-centered healthcare, the ORA System has successfully reduced costly cataract surgery retreatments by 50%. Because ORA helps refine refractive outcomes, surgeons have greater confidence in premium IOLs and has resulted in added annual revenue of $186,000 for users. This and other new data will be released at this week's American Society of Cataract and Refractive Surgery (ASCRS) Annual Symposium and Congress in Boston. The ORA System optimizes intraoperative wavefront data during cataract surgery to calculate IOL power. It is the technology of choice for high-volume cataract surgeons nationwide who use it to provide critical feedback and guide premium IOL selection. The ORA System has captured 4% of overall U.S. cataract surgery volume and made a significant impact in the premium intraocular lens (IOL) channel. More than 140,000 cataract procedures have been performed to date with the ORA System, which has been tested, refined and optimized with over 10 software/hardware upgrades in the past three years. VerifEye is the most significant upgrade yet to the ORA System. VerifEye enables surgeons to confirm that the eye is stable prior to the measurement by providing streaming refractions in the preview screen, which surgeons consider a tremendous benefit.

Wavetec Vision Announces the Commercial Launch of VerifEye(Tm) for the ORA System(R)

WaveTec Vision announced that its highly anticipated VerifEye(TM) monitoring system is available commercially. VerifEye is a hardware upgrade for the proprietary ORA System(R), which is used by ophthalmic surgeons worldwide to improve the accuracy of cataract surgery. VerifEye enables surgeons to confirm eye stability prior to measurement by providing streaming refractions in a preview screen. Surgeons consider this a significant benefit - one that is translating into more precise surgery, more refined visual outcomes and more satisfied cataract surgery patients.

WaveTec Vision Announces VerifEye

WaveTec Vision's proprietary ORA System(R), which is now being used to improve the accuracy of cataract surgery in more than 5,000 procedures each month, is undergoing a significant upgrade that provides critical feedback on eye stability. VerifEye(TM) is a new monitoring system that provides ophthalmic surgeons continuous refractive information for more refined visual outcomes. With the ORA System relied on by high-volume cataract surgeons nationwide, WaveTec has increased its annual projection for ORA-Guided cataract surgery to more than 60,000 procedures for the year. This represents roughly 2% of all U.S. cataract procedures, after only 16 months of commercialization. VerifEye is the most significant upgrade yet to the ORA System. VerifEye enables surgeons to confirm that the eye is stable prior to the measurement by providing streaming refractions in the preview screen, which surgeons consider a tremendous benefit.

Similar Private Companies By Industry

Company Name Region
HepaHope, Inc. United States
CerMed International, Inc. United States
Trumpf Medical Systems, Inc. United States
Olsen Electrosurgical, Inc. United States
Cook Endoscopy, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 28, 2014
--
Private Placement
February 6, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WaveTec Vision Systems, Inc., please visit wavetecvision.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.