May 8, 2008 -- San Diego and
Brussels, Belgium -- Volcano Corporation
(Nasdaq: VOLC), a leading manufacturer and developer of intravascular
ultrasound (IVUS), functional
measurement (FM) and Optical Coherence Tomography (OCT) products designed
to enhance the diagnosis and treatment of coronary and peripheral vascular
disease, announced today the first human procedure using the Volcano
OCT Imaging catheter. The procedure was performed by Dr. Patrick Serruys
at the Thoraxcenter, in Rotterdam, Netherlands. Volcano OCT will complement
its existing line of IVUS imaging catheters and pressure guidewires
used for coronary imaging and lesion assessment.
Volcano acquired the OCT technology through its purchase of CardioSpectra at the end of 2007.
Scott Huennekens, President and Chief Executive Officer of Volcano, commented, "Volcano is committed to being the leader in intravascular imaging, both to complement everyday PCI
technique, and to further the understanding of atherosclerotic disease progression. Our investment in this OCT product line underscores that commitment, and opens a series of new clinical applications and opportunities to complement our existing product line. We are delighted to be underway with our OCT effort just four months after completing the acquisition.
"With our two imaging technologies, we are the leader in intravascular imaging and commercializing this technology will provide us further competitive advantages. We are working on offerings that incorporate OCT functionality into our s5i IVUS platform, as well as standalone OCT systems. Our emphasis continues to be focused around 'Choice', the ability for Volcano to provide a number of different therapy enabling modalities, and letting the physician choose which technology is appropriate for each individual patient."
Christopher E. Banas, Vice President and General Manager of Volcano's OCT Division in San Antonio Texas, and former CEO and Chairman of CardioSpectra commented, "This is an important step in demonstrating the ability of Volcano's OCT catheter to safely image coronary vessels of human patients and establishing a leadership position in advanced coronary imaging technologies."
Volcano's OCT imaging platform provides high-resolution images in the 10- 15 micron range, opening the door for new applications to complement both IVUS and angiography. Michel Lussier, president of Volcano Europe commented, "The high resolution OCT images provide a glimpse at structural detail not seen before by other imaging modalities. We believe that OCT has the potential to identify thin-cap fibro-atheromas, clearly highlight intraluminal thrombus, and assess the complete healing of novel drug-eluting
stent designs. Volcano is committed to exploring the various clinical benefits of our OCT platform through detailed data-driven study design and mutually beneficial partnerships with other therapy companies."
About
Volcano Corporation
Volcano Corporation (NASDAQ: VOLC) offers a broad suite
of devices designed to facilitate endovascular procedures, enhance the diagnosis
of vascular and structural heart diseases and guide optimal therapies. The
company's intravascular ultrasound (IVUS) product line includes ultrasound
consoles that can be integrated directly into virtually any modern cath lab.
Volcano IVUS offers unique features, including both single-use phased array
and rotational IVUS imaging catheters, and advanced functionality options such
as VH(TM) tissue characterization and ChromaFlo(R). Internal DICOM networking
provided by DICOM by Merge. Volcano also provides functional measurement (FM)
consoles and single-use pressure and flow guide wires and is developing a line
of ultra high-resolution Optical Coherence Tomography systems and catheters.
Currently, more than 3,300 Volcano IVUS and FM systems are installed worldwide,
with approximately half of its revenues coming from outside the United States.
For more information,
visit the company's website at http://www.volcanocorp.com.
Forward-Looking
Statements
This press release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements
in this press release regarding Volcano's business that are not historical
facts may be considered "forward-looking statements," including statements
regarding the company's success and timing of product development and new product
introductions, including the installations of imaging consoles and catheters,
the expected performance enhancements of its products, the integration of our
products into new or existing cath labs, and market conditions and expectations.
Forward-looking statements are based on management's current, preliminary expectations
and are subject to risks and uncertainties, which may cause Volcano's results
to differ materially and adversely from the statements contained herein. Some
of the potential risks and uncertainties that could cause actual results to
differ from the results predicted are detailed in the company's annual report
on Form 10-K, quarterly report on Form 10-Q, and other filings made with the
Securities and Exchange Commission. Undue reliance should not be placed on
forward-looking statements, which speak only as of the date they are made.
Volcano undertakes no obligation to update any forward-looking statements to
reflect new information, events or circumstances after the date they were made,
or to reflect the occurrence of unanticipated events.
Source: Volcano Corporation