About Piezo Resonance Innovations, Inc.
PRII's product technology efforts are initially focused in ophthalmology, vascular entry and minimally invasive surgery and select military and government applications in need of precision motion. The U.S. medical device market was valued at $75 billion in 2005 and growing at 8-10% annually, with some segments growing by as much as 20%. Source: Company estimates, Millennium Research and Frost & Sullivan. Cataract slit knives and posterior segment vitrectors products represent $130 million of global surgical sales, $59 million in the US and 4.2 million units in 2006. PRII has identified a dozen competitors in the field, and believes the complementary set of skills of the PRII team will lead to success.
"The design team at Piezo Resonance Innovations is developing high-value, precision products that will make the company a leader in the medical device outsourcing market." Steve Brawley, President and CEO Ben Franklin Technology PArtners/CNP |
"Piezo Resonance Innovations has quickly assembled a top-notch leadership team focused for the development of advanced medical devices. Our region continues to demonstrate excellent innovation in the development of advanced medical devices for increases patient safety and we're highly confident PRII is going to help lead these innovations in the very-near future." Kelly Lewis, President Technology Council of Central PA |