Full Description

Bovie Medical Corporation (Bovie), incorporated in 1982, is engaged in the business of manufacturing and marketing medical products and developing related technologies. Aaron Medical Industries, Inc. (Aaron), a 100% owned subsidiary based in St. Petersburg, Florida is engaged in marketing the Company’s medical products. Bovie Canada ULC, a 100% owned subsidiary located in Windsor, Ontario, functions mainly as a product development and manufacturing company focused on endoscopic devices. It manufactures and markets products both under private label, the Bovie label, and the Bovie/Aaron label to distributors worldwide. In addition, Bovie/Aaron has original equipment manufacturing (OEM) agreements with other medical device manufacturers.

Electrosurgery Products

The Company’s electrosurgery products include, desiccators, generators, electrodes, electrosurgery pencils and various ancillary disposable products. These products are used in surgery for the cutting and coagulation of tissue and constitute its largest product line. The Company’s accessories for electrosurgery products are substantially compatible with most manufacturers’ electrosurgery generator products. With the exception of OEM products, all of the Company’s electrosurgery generators and accessories are marketed using the internationally recognized Bovie trademark. Its electrosurgery products fall under two categories, monopolar and bipolar.

Bovie/Aaron 800 and 900 High Frequency Desiccators products are low powered desiccators, designed primarily for dermatology and plastic surgery in a physician’s office. The units are 30-watt high frequency desiccators used mainly for removing small skin lesions and growths. Bovie/Aaron 950 is a high frequency desiccator with cut capacity for outpatient surgical procedures. It was designed mainly for use in doctors’ offices and is utilized in a variety of specialties, including dermatology, gynecology, and plastic surgery. Bovie/Aaron 1250 is a 120-watt multipurpose electrosurgery generator. The unit features monopolar and bipolar functions with pad sensing.

Bovie has developed the Bovie IDS platform, a 200-watt, 300-watt, and 400-watt multipurpose digital electrosurgery generators designed for the surgi-center market. This unit features both monopolar and bipolar functions, has pad and tissue sensing, plus nine blended cutting settings. This Bovie IDS 200/ Aaron 2250 have the capability to do most procedures performed in the surgi-center or outpatient settings. The Bovie IDS Series are electrosurgical generators with digital implementation. The Bovie IDS 400 is a 400 watt generator designed primarily for sale in the overseas markets. The Bovie IDS 300, Aaron 3250 and IDS 400 have been designed based on a digital feedback system.

The ICON GI is a custom designed specialty electrosurgical generator for the gastroenterological (GI) and other niche markets. This product incorporates a touch-screen interface. After a review of time-motion studies and focus groups of gastroenterologists and GI lab assistants. The Company has developed a device designed to eliminate the foot pedal and cables, which are associated with standard electrosurgical generators found in all GI labs.

Battery Operated Cauteries

Battery operated cauteries constitute the Company’s second largest product line. Cauteries were originally designed for precise hemostasis (to stop bleeding) in ophthalmology. The use of cauteries include sculpting woven grafts in bypass surgery, vasectomies, evacuation of subungual hematoma (smashed fingernail) and for arresting bleeding in many types of surgery. Battery operated cauteries are primarily sterile one-time use products. Bovie manufactures a line of cauteries, including but not limited to, a line of replaceable battery and tip cauteries.

Battery Operated Medical Lights

Bovie manufactures a variety of specialty lighting instruments for use in ophthalmology, as well as specialty lighting instruments for general surgery, hip replacement surgery and for the placement of endotracheal tubes in emergency and surgical procedures. It also manufactures and markets physicians’ office use penlights.

Nerve Locator Stimulator

Bovie manufactures a nerve locator stimulator primarily used for identifying motor nerves in hand and facial reconstructive surgery. This instrument is a self-contained, battery-operated unit, used for single surgical procedures.

ICON GP/VS

This generator expands upon the Company’s ICON platform, which incorporates a user interface and allows for customization of the output modes for a variety of electrosurgical applications. This product, like the ICON GI its predecessor generator, is designed and being developed to add safety features in performing general purpose procedures and includes a vessel sealing component.

ICON GS (J-Plasma)

The Company has a Joint Venture Agreement with a non-affiliated German corporation, Jump Agentur Fur Elektrotechnik GMBH (JUMP), wherein it owned a 50% interest in the equity and a 50% interest in the profits of the joint venture. On April 30, 2007, the Company acquired the remaining 50% interest in the J-Plasma joint-venture resulting in the Company having 100% ownership of the medical device technology. The medical device technology utilizes a gas ionization process producing a stable thin focused beam of ionized gas that can be controlled in a range of temperatures and intensities, providing the surgeon precision, minimal invasiveness and an absence of conductive currents during surgery. Production prototypes have been developed for testing purposes. J-Plasma technology is the foundation for the Company's new product, the ICON GS plasma system, which is in development. The development of this new gas system generator also includes the design of a new handpiece.

The Company competes with Conmed, Covidien, Erbe Electromedizine, Medtronics, Salient Surgical Technologies, Ethicon and U.S. Surgical.