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Laserscope history
Laserscope company history timeline
The word laser is an acronym that stands for Light Amplification by the Stimulated Emission of Radiation, a concept conceived by Albert Einstein in 1917.
1982: The company is founded.
After two years of development, Laserscope's first product, the KTP/532, marketed as part of the Omniplus system, was introduced in 1984.
In July 1986 Du Pont and Laserscope forged an alliance, with Du Pont buying an unspecified minority interest.
In 1990 revenues surged to $54 million and the price of its stock reached $31.50 a share.
In 1991 the company introduced a product to perform surgery on herniated spinal discs.
In 1992 it won approval from the United States Food and Drug Administration to sell a laser device for cosmetic surgery and one for use in prostate disease, and it also developed a new laser system used in combination with a photosensitive drug to destroy cancerous cells.
In June 1999 38-year-old Eric Reuter was named Laserscope's new president and CEO. He had joined the company in September 1996 as vice-president of Research and Development. As a result of the Heraeus acquisition, Laserscope generated record revenues in 1997, totaling nearly $64 million, but the company continued to post net losses, much of it related to the company's Ascent Medical Systems group of non-laser products for operating and treatment rooms.
1999: Eric Reuter is named CEO.
In 2003 Laserscope recorded revenues of $57.4 million and a $2.5 million net profit.
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Zippia gives an in-depth look into the details of Laserscope, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Laserscope. The employee data is based on information from people who have self-reported their past or current employments at Laserscope. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Laserscope. The data presented on this page does not represent the view of Laserscope and its employees or that of Zippia.
Laserscope may also be known as or be related to LASERSCOPE and Laserscope.