Laserscope designs, manufactures, sells and services, on a worldwide basis, a line of medical laser systems and related energy delivery devices for the medical office, outpatient surgical center and hospital markets. It develops and commercializes lasers, and light source and advanced fiber-optic devices for a variety of applications. Laserscope's production portfolio consists of lasers and other light-based systems, and related energy delivery devices for medical applications. Its primary medical markets include urology, dermatology and aesthetic surgery. Its secondary markets include ear, nose and throat surgery, general surgery, gynecology, photodynamic therapy and other surgical specialties. Laserscope has three wholly owned subsidiaries, Laserscope UK, Ltd, Laserscope France, S.A. and Laserscope International, Inc. During the year ended December 31, 2005, export revenues accounted for 31% of the total revenues. Laser Platforms GreenLight photovoltaic (PV) laser system is a KTiOPO4 (KTP) single wavelength used for photo selective vaporization of the prostate (PVP). The United States Food and Drugs Administration (FDA) cleared Lyra i and Lyra XP laser systems that are compact Neodymium Yttrium Aluminum Garnet (Nd: YAG), single wavelength lasers used primarily for aesthetic procedures, including hair removal, vascular lesions, pseudofolliculitis (shaving bumps), wrinkle treatments and leg vein treatments in physician offices. Laserscope's Aura I and Aura XP laser systems are compact, portable, and KTP/532 single wavelength lasers designed for office use. The Aura series laser's integrated StarPulse feature is designed for the treatment of benign vascular and pigmented lesions, including leg and facial telangiectasia (spider-like veins) and pigmented lesions, such as age-spots or lentigos, sun damage and acne. It can also be used as a continuous wave laser for surgical applications that include endoscopic blepharoplasty, rhinoplasty, facelifts, tonsillectomy, wart removal and snoring cessation. Another application of the Company's technology is the combined use of the Aura and the Lyra lasers in a procedure known as enhanced skin rejuvenation. Enhanced skin rejuvenation uses both wavelengths to improve appearance by addressing facial wrinkles as well as treating age spots and red facial veins. Gemini laser system combines both the wavelengths and pulsing characteristics of Laserscope's two aesthetic products, the Aura and Lyra laser systems, into a single, higher power and faster platform product. The Gemini is FDA-cleared for 21 different non-invasive aesthetic applications. Venus i Erbium: YAG laser system is compact and commercially available Erbium lasers for micro-laser peels, skin resurfacing (wrinkle removal) and acne scar resurfacing. Solis, introduced in 2005, is an intense pulsed light device that features a large 10.64 centimeters squared spot for rapidly performing hair reduction and full body rejuvenation. Laserscope's 800 Series KTP/YAG Surgical Laser System is designed for use in hospitals. It is a high-power, dual-wavelength system with applications in urology, general surgery, and other surgical specialties. The 800 Series System, which provides up to 40 watts of KTP/532 energy and 100 watts of Nd: YAG energy, can also serve as a base laser system for its photodynamic therapy (PDT) laser dye module, enabling photo-dynamic therapy applications. Laser Devices, Instruments and Disposables Laserscope offers a variety of surgical instrumentation, disposables, kits and other accessories for use with its surgical laser systems. These products include disposable fiber optic devices, side-firing fiber optic devices, individual custom hand pieces for specific surgical applications, scanning devices, micromanipulators for microscopic surgery, procedure-specific kits and accessories and various other devices. The Company's ADDStat disposable fiber-optic delivery device, also known as the GreenLight PV delivery device, is used primarily in the PVP procedure by delivering over 80 watts of ave

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