Light BioScience produces the GentleWavesÂ® LED PhotomodulationÂ® medical device, used by physicians and medical spas around the world to reduce wrinkles and improve skin. LED PhotomodulationÂ® is a non-invasive technology which stimulates the skin using low intensity LEDs. This gentle method of skin rejuvenation with light has been shown to be safe and effective and the technology is protected by numerous patents.
Jean-FranÃ§ois Grollier, LÂ’OrealÂ’s Executive Vice-President Research and Development, said: "We have decided to pool our in-depth knowledge of skin and Light BioScienceÂ’s unique expertise in PhotomodulationÂ® to offer consumers a new and complementary approach to skincare."
With this aim in mind, LÂ’OrÃ©al has just created a Development Unit for instrumental cosmetics inside its Research and Development Division.
Rick Krupnick, Chief Executive Officer of Light BioScience, and David H. McDaniel MD, the physician who developed the scientific theory behind PhotomodulationÂ® added, "We are very excited about this agreement: we can take advantage of the support of the world's leading cosmetics research force to jointly develop some new and highly promising applications in skin devices."
"This news release does not constitute an offer to sell, or a solicitation of an offer to buy L'OrÃ©al shares. If you wish to obtain more comprehensive information about L'OrÃ©al, please refer to the public documents registered in France with the AutoritÃ© des MarchÃ©s Financiers also available in English on our Internet site www.loreal-finance.com.
This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements."
Mr Jean-RÃ©gis CAROF
Tel. : +220.127.116.11.83.02
Financial analysts and institutional investors
Mrs Caroline MILLOT
Tel. : +18.104.22.168.86.82
Mr Mike RUMSBY
Tel. : +22.214.171.124.41.95
Contacts at LIGHT BIOSCIENCE
Tel: +1 888.647.6219
For more information, please contact your bank, broker or financial institution (I.S.I.N. code: FR0000120321), and consult your usual newspapers, and the Internet site for shareholders and investors, http://www.loreal-finance.com, or its mobile version on your cell phone, http://mobile.loreal-finance.com.