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For Immediate Release
PRODRIVE SYSTEMS HONORED AS ONE OF THE TOP 10 CANADIAN LIFE SCIENCE COMPANIES BY PANEL OF DISTINGUISHED VENTURE CAPITALISTS
Montreal, December 17th, 2007 - ProDrive Systems Inc. announced today that it has been chosen by an independent expert panel of Canadian and US venture capitalists as one of Canada's Top Ten 2008 Life Science Companies. The panel determined ProDrive to be an outstanding investment opportunity and an emerging leader in the field of life science.
First held in 1999, Canada's Top 10 Competition was designed to promote the 10 most promising life science companies from across Canada to Canadian and international investors and partners. The Competition has now expanded to showcase Canada's cleantech sector and continues to expand into the technology sector. For more information on the Competition, visit http://www.topcanadiancompanies.ca.
Jean Castonguay, President and CEO, ProDrive Systems Inc. said, "We're honored to be selected for this prestigious award. It's an acknowledgement of the significant advancements we have made in the development of our groundbreaking product. Our patented ProDrive System directly addresses the leading frustration dentists have with their handpieces, improving the performance of the dentist's workhorse instrument, and in doing so, improving the dentist's efficiency and practice quality.
"A good indicator of how innovative and attractive our products are is evidenced by the dental industry support we established early on in a short period of time," said Castonguay. "We have the industry's leading handpiece brands working strategically with us in product development and preparations for the commercial launch, and our bur partner, Meisinger of Germany, a leading bur brand in the industry for 115 years, has agreed to co-brand with ProDrive. We also knew we were on track with a winning solution when our portfolio of leading investors was composed almost entirely of dentists. Who better to appreciate the impact of a new product than the target customer? Finally, our April 2007 acquisition of the largest independent handpiece service dealership, with offices coast-to-coast, positions us to bring the product to market in an innovative way. 2008 is certain to be an exciting year for ProDrive."
The ProDrive System is comprised of the ProDrive Upgrade Turbine and the ProDrive Bur. Traditional friction grip handpieces often suffer torque loss when cutting hard materials. Such torque loss reduces cutting power and causes unwanted friction and heat. The innovative 100% Torque Transfer feature of the ProDrive System ensures the bur always turns in sync with the turbine, thereby improving the cutting power as well as the durability and reliability of dental handpieces. On top of this innovative technology, the ProDrive Upgrade Turbine is designed with superior quality components.
About ProDrive Systems
ProDrive Systems Inc. is a dental technology firm that is poised to revolutionize dentistry technology and practice with a patented ProDrive Triangular Bur and Turbine System that improves the performance of dental handpieces and enhances practice efficiency. Visit www.prodrivesystems.com for more information.
Contact: Mark Scott, VP, Marketing and Sales
Tel: 1.866.937.8882 ext.105
m.scott@prodrivesystems.com
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