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Spectranetics to Pay Feds $5M

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COLORADO SPRINGS, Colo., Dec. 30, 2009 –- Excimer laser maker Spectranetics Corp. has agreed to pay the US $4.9 million in civil damages plus $100,000 in cash or property to resolve claims against the company, the Justice Department announced Tuesday. “I believe that our level of cooperation and responsiveness and our demonstrable efforts at compliance, much of which preceded the onset of the federal investigation, were critical components that led to the resolution of this matter with no charges filed against Spectranetics,” said Emile J. Geisenheimer, Spectranetics chairman, president and CEO. The federal claims arose from...Read full article

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    Published: December 2009
    Glossary
    excimer laser
    An excimer laser is a type of ultraviolet laser that emits short pulses of light in the ultraviolet spectrum. The term excimer is derived from excited dimer, reflecting the nature of the gain medium used in these lasers. Excimer lasers are widely used in various industrial, medical, and scientific applications due to their ability to deliver high-energy, UV light in short pulses. Key features and characteristics of excimer lasers include: Excimer molecules: The gain medium of an excimer...
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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