CUS Customvis

 

TIDMCUS 
 
RNS Number : 8488U 
CustomVis plc 
01 July 2009 
 

Embargoed until 7am 1 July 2009 
 
 
 
 
CUSTOMVIS PLC 
("CustomVis" or "the Group") 
 
 
Trading Update 
 
 
CustomVis (AIM: CUS), the leading developer, manufacturer and distributor of 
solid state laser systems for the refractive surgical industry is pleased to 
announce it has signed a contract for a further cash sale of its Pulzar Z1 
laser. 
 
 
This latest cash contract is in France, a key European target due to it being an 
established market for corrective laser surgery. The sale follows a recent 
industry conference in Nice where Dr van Saarloos, the Company's chief 
executive, was a key speaker. It is expected that the installation will take 
place in mid-July, when full payment will be received. 
 
 
The Group's recent cash sale to Iraq has now been completed, with installation 
of the laser being completed on 29 June 2009. This results in the sale being 
recognised in the financial year to 30 June 2009, under the Group's accounting 
policy. 
 
 
The Directors expect revenue for the year to 30 June 2009 to be slightly higher 
than the market expectation of GBP1.7million. 
 
 
 
 
Paul van Saarloos, CEO of CustomVis, commented, "This is our second cash sale in 
a very short period and is another step towards the Group achieving its 
milestone of being cash flow positive. We are also pleased that CustomVis 
continues to achieve sales during this period of economic uncertainty, an 
achievement due to the excellence of our product and determination of our 
engineering and sales teams." 
 
 
-ends- 
 
 
For further information, please contact: 
 
 
CustomVis plc 
Simon Carroll, Chairman 
                                                              +61 419 304 906 
Paul van Saarloos, CEO 
                                             +61 410 497 456 
 
 
John East & Partners Limited 
(A subsidiary of Merchant Securities plc) 
David Worlidge 
                                                       020 7628 2200 
 
 
Leander PR 
Christian Taylor-Wilkinson 
                                                  07795 168 157 
 
 
 
 
 
 
Notes to Editors: 
 
 
CustomVis is an innovative company in the laser vision correction industry, with 
a focus on custom surgery. 
 
 
The CustomVis PULZAR Z1TM system incorporates a solid state laser, solid state 
scanning integrated with rapid eye tracking devices to track the movement of the 
patient's eye, and the ability to incorporate data from a variety of diagnostic 
systems into surgical planning software and the treatment process. 
 
 
CustomVis was established in March 2001 (listed on AIM July 2003) to enhance the 
field of laser vision correction ('LVC'). LVC surgery involves the use of a 
laser to re-shape the cornea to try to correct visual abnormalities. 
 
 
Currently, the most common form of LVC surgery utilises excimer (gas) laser 
technology, which the Directors believe has important technical limitations, 
such as, slower pulse rates and larger beam spot sizes of the laser that can 
influence the surgical outcome as well as limited gas lifetime and excessive 
maintenance. The CustomVis PULZAR Z1TM System was designed to address these 
issues and meet the requirements of effective custom LVC surgery. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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