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Phoenix Laser Systems

This article was originally published in The Gray Sheet

Executive Summary

Reduces its work force by 25% with the elimination of 11 positions "primarily in support services and manufacturing." The firm says the reductions "will delay commercial introduction" of its first product, an ophthalmic laser workstation, but are "not expected to affect the current testing programs and delivery of prototypes." Firm also announces the filing of a patent application covering a "method and apparatus for a transverse tracking system" for the workstation....
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