FDA Approves Expanded Applications for Candela GentleYAG

WAYLAND, Mass.--(BUSINESS WIRE)--March 19, 2003--Candela Corporation (NASDAQ: CLZR) announced today that the U.S. Food and Drug Administration (FDA) had cleared for market the Company's GentleYAG(TM) device for the expanded applications of benign pigmented lesions such as age spots, skin tags and tattoos. The FDA also cleared its use for the removal of scars. Previously, the GentleYAG device had been cleared for the removal of unwanted hair for all skin types, the treatment of wrinkles and pseudofolliculitis barbae, and for the removal of vascular lesions such as leg veins. Gerard E. Puorro, Candela's President and CEO said: "This is yet another clearance to market a multi-application laser that provides our customers efficacy, economics and treatment flexibility." About Candela: Candela Corporation develops, manufactures, and distributes innovative clinical solutions that enable physicians, surgeons, and personal care practitioners to treat selected cosmetic and medical conditions using lasers, aesthetic laser systems, and other advanced technologies. Founded near Boston in 1970, the company markets and services its products in over 60 countries from offices in the United States, Europe, Japan and other Asian locations. Candela established the aesthetic laser market 14 years ago, and currently has an installed base of over 6,000 lasers worldwide. Candela is an Equal Opportunity and Affirmative Action Employer, M/F/H/V. Visit Candela on the Web at http://www.candelalaser.com. Safe Harbor Statement: Except for the historical information contained herein, this news release contains forward-looking statements that constitute Candela's current intentions, hopes, beliefs, expectations or predictions of the future, which are therefore inherently subject to risks and uncertainties. Candela's actual results could differ materially from those anticipated in Candela's forward-looking statements based on various factors, including without limitation: the cancellation or deferral of customer orders, dependence on a small number of strategic distribution relationships, difficulties in the timely development and market acceptance of new products, market developments that vary from the current public expectations concerning the growth of the laser industry, increased competitive pressures, or changes in economic conditions. Further information on factors that could affect Candela's performance is included in Candela's periodic reports filed with the SEC, including but not limited to, Candela's Annual Report on Form 10-K for the year ended June 29, 2002, and subsequent Quarterly Reports on Form 10-Q. Candela cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Candela expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Candela's expectations or any change in events, conditions or circumstances on which any such statement is based.