ORA System(R) Technology Recognized as a Breakthrough Innovation
ALISO VIEJO, CA -- (Marketwired) -- Jun 03, 2013 -- WaveTec Vision announced today that is has been selected to receive the Red Herring Top 100 North America Tech Startup award, for its proprietary ORA System which improves the precision of cataract surgery by offering customized premium cataract lens placement to ensure patients have great vision for life.
"This award is gratifying for the entire WaveTec team, which has put in a lot of hard work to bring this solution to the cataract surgery market," said Tom Frinzi, CEO and president of WaveTec Vision. "It brings us full circle with the comments we hear from patients we've helped, and the cataract surgeons who are using our technology to improve lives."
WaveTec was selected from among 3,000 tech startups financed each year in the US and Canada. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Salesforce.com, YouTube, and eBay would change the way we live and work.
"We believe WaveTec Vision embodies the vision, drive and innovation that define a successful entrepreneurial venture," said Alex Vieux, publisher and CEO of Red Herring. "WaveTec should be proud of its accomplishment, as the competition was very strong; in fact, we had the toughest time in years because so many entrepreneurs have crossed significant milestones so early."
The ORA System is considered one of the biggest breakthroughs in cataract surgery in the past 40 years. The technology is fast becoming the standard of care in cataract surgery due to its clinically proven ability to provide greater precision, especially with premium cataract lens placement. ORA-Guided cataract surgery enables surgeons to measure the eye and refine the outcome during the procedure, rather than having to 'wait and see' weeks or even months, as with traditional cataract surgery.
Red Herring's editorial staff evaluated the companies on such criteria as financial performance, technology innovation and intellectual property, management quality, business model, customer footprint, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, enabling Red Herring to make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
A privately held company, WaveTec Vision is the leader in intraoperative wavefront measurement technology for refractive cataract surgeons, providing on-demand information that increases the precision of cataract surgery so patients achieve their best possible vision. Based in Aliso Viejo, Calif., its proprietary ORA System is a revolutionary diagnostic device that takes intraoperative wavefront aberrometry to a new level of performance. For demanding patients and the skilled surgeons who serve them, the ORA System delivers optimal cataract surgery results. For more information visit www.wavetecvision.com.