The Company is engaged in the development and commercialization of aesthetic laser systems that allow physicians and personal care practitioners to treat a variety of cosmetic and medical conditions.
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CLZR was sued by PMTI on a hair removal patent that has not been tested in court. Both sides have deep pockets & good attys. CLZR's patent suit in ED Texas (wrinkle removal) will go to trial first, Sept 2008. These 2 cases could eat up $2-3 million in fess per side in fees & expenses, IF, they do not go to war. CLZR has a good defense to PMTI's claim but the risk loosing can not be ignored.