WaveLight's ALLEGRETTO WAVE Eye-Q Receives FDA Clearance

400 Hertz Wavefront Optimized(TM) System Provides Fastest LASIK Treatments in the U.S

 STERLING, Va., July 2006 -- WaveLight, Inc., (FWB:WLT) a subsidiary of WaveLight AG, today announced that it has received marketing clearance from the U.S. Food and Drug Administration (FDA) for the ALLEGRETTO WAVE Eye-Q excimer laser system. Delivering the fastest laser vision correction procedures available in the U.S., the 400 hertz ALLEGRETTO WAVE Eye-Q is the next generation of Wavefront Optimized technology designed to increase efficiency and enhance patient comfort.

The ALLEGRETTO WAVE Eye-Q was approved to correct myopia  of up to -12D of with up to -6D astigmatism  and hyperopia  of up to +6D with up to 5D of astigmatism. This broad treatment range, simultaneous for both myopia and hyperopia, has been granted only once previously to the 200 hertz ALLEGRETTO WAVE in October 2003. Both Wavefront Optimized systems deliver specific ablation profiles based on each eye's unique corneal asphericity to preserve the cornea's natural shape. This has been shown to improve visual outcomes, particularly in dim light conditions.

"We are proud to introduce yet another Wavefront Optimized treatment approach to the US market," said Max Reindl, CEO of WaveLight AG. "The ALLEGRETTO WAVE has remained the fastest laser available since its approval in 2003. Now, the 400 hertz system continues this approach and represents the fastest solution on the market today. It is especially ideal for high-volume practices and for treating patients that require high levels of correction."

With a 400 hertz repetition rate, the ALLEGRETTO WAVE Eye-Q delivers one diopter  of correction in just 2 seconds with a 6.5 mm optical zone. The reduction in treatment time provides a shorter, more comfortable procedure for the patient. It is particularly beneficial for treating high myopia, high astigmatism or other time-intensive procedures. For high volume practices, the increased speed of the ALLEGRETTO WAVE Eye-Q proves to be a valuable time saver.