Vision-Sciences
(NASDAQ: VSCI)
0.97
-0.02
-2.02%
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MORE ON VSCI
COMPANY INFORMATION
| Exchange: | NASDAQ national market |
| Stock: | Vision-Sciences Inc (DE) |
| Industry: | Medical Devices |
| Employees: | 107 |
DESCRIPTION
| Vision-Sciences Inc. was incorporated in Delaware, and is the successor to operations originally begun in 1987. The Company designs, develops, manufactures and markets products for endoscopy, the science of using an instrument known as an endoscope, to provide minimally invasive access to areas not readily visible to the human eye. The Company operates in two reportable segments: medical and industrial. Its medical segment designs, manufactures and sells its advanced line of endoscopy-based products, including its state-of-the-art flexible endoscopes and its Slide-On EndoSheath technology referred to as a sheath or EndoSheath disposable, for a variety of markets and specialties. Endoscopes are used in a number of specialties and sub-specialties, its flexible fiber and video endoscopes are currently designed for screening, diagnostic and therapeutic procedures in six primary fields: urology, pulmonology (critical care), surgery, GI, ENT, and spine. Its industrial segment, through its wholly-owned subsidiary Machida, designs, manufactures, and sells borescopes to a variety of users, primarily in the aircraft engine manufacturing and aircraft engine maintenance industries. A borescope is an instrument that uses optical fibers for the visual inspection of narrow cavities. The Company’s borescopes are used to inspect aircraft engines, casting parts and ground turbines, among other items. Its products are sold throughout the world through direct sales representatives in the United States, and independent distributors for the rest of the world. Its geographic markets are the U.S. and Europe. The Company’s owns the registered trademarks Vision Sciences®, Slide-On®, EndoSheath®, and The Vision System®. Its competitors are Olympus, GE Inspection Technologies, Karl Storz Industrial, Pentax, Karl Storz GmbH & Co. and Stryker Corp. The Company’s operations are regulated under various federal, state, and local laws governing the environment, including laws governing the discharge of pollutants into the air and water, the management and disposal of hazardous substances and wastes, and the clean-up of contaminated sites. |
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