VenusConcept Strides on Launching ARTAS iX

Venus Concept Inc. (NASDAQ: VERO), a global medical aesthetic technology leader, announced today the launch of its latest generation of ARTAS iX, which is now broadly available to physicians specializing in hair transplantation worldwide.

Monday’s news release reads, “Its latest generation of ARTAS iX sets a new standard for hair transplantation by leveraging cutting-edge robotics, machine vision, artificial intelligence, and machine learning technologies. This advanced system offers a new level of speed to the implantation process, now allowing the implantation of up to 1000 grafts per hour while also improving the speed of harvesting, resulting in a procedure that is up to 25% faster.

“Additional improvements include the new vision system, which improves patient tracking and follicle centering, resulting in better graft quality and enhanced precision. In addition to these significant hardware advancements, our enhanced software enables an improved, intuitive user experience with a refreshed user interface and a new training mode to enable smoother training of practitioners and run real-time demos during consultations.”

According to President Hemanth Varghese, "Our enhanced ARTAS iX system marks another major achievement for our Robotics Center of Excellence in its continuous innovation towards revolutionizing hair transplantation. The system enables physicians to generate unparalleled results offering state-of-the-art precision and accuracy levels as well as speed, helping to address concerns related to the labor-intensive aspects of hair restoration procedures such as clinical fatigue and procedure time. Hair restoration is an important segment for Venus Concept and will continue to be a driver of growth into the future. "

VERO shares acquired four cents, or 1.7%, to 21 cents.