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For Release: 7:00 am EST- Wednesday- August 23, 2006


Spinal implant company, Facet Solutions, Inc. moves into new headquarters

LOGAN, UTAH – August 15, 2006– Facet Solutions, Inc., a medical device company focused on developing and commercializing spinal implants for the rapidly growing posterior lumbar motion preservation market, announced today that they have moved into their new corporate headquarters in Logan, Utah. The completion of the new state of the art facility provides the company with the infrastructure to achieve its strategic plan of bringing spine motion preservation devices to market.

Facet Solutions has developed the ACADIA™ Facet Replacement System (ACADIA™), the first anatomic facet arthroplasty device designed to provide lumbar spinal stenosis and facet degeneration patients with a motion preserving alternative to fusion. Currently, the company is involved in an FDA approved Investigational Device Exemption (IDE) clinical study in the United States for the ACADIA™ Facet Replacement System (ACADIA™).

“Our new facility, combined with our world class team, will allow us to continue our aggressive efforts to provide spine motion preservation alternatives to patients,” stated Alan Chervitz, President and CEO of Facet Solutions, Inc. “This move marks another significant milestone in the evolution of Facet Solutions, and we are confident that the ACADIA™ will provide benefit to patients who suffer from lower back and leg pain.”

The company is pleased to remain located in Logan, Utah nestled in the beautiful Cache Valley. “We greatly benefit from the local well-educated and hard-working labor force; as well as the synergy from the other medical device companies that have flourished in the area,” said Chervitz.

The Facet Solutions ACADIA™ implants are anatomically designed and utilize conventional pedicle screw fixation. The implants are placed with precision instrumentation that creates reliable and reproducible results. The benefit of anatomic design and precision instrumentation makes the ACADIA™ the ultimate in motion preservation solutions; allowing surgeons to provide patients with pain relief while restoring natural motion and stability at the effected lumbar level.

Facet Solutions invites patients, clinicians, medical facilities, and other interested parties to contact Facet Solutions for specific information about the U.S. IDE Clinical Trial for the ACADIA™ Facet Replacement System (ACADIA™).

*Note: ACADIA™ is an investigational device in the United States. It is limited by United States (U.S.) Federal Law for investigational use only.

About Facet Solutions

Facet Solutions, Inc. is a privately held, venture backed company that is focused on developing and commercializing surgical devices for the Treatment of facet related spinal disorders. Facet Solutions has received venture capital from its partners De Novo Ventures, Pequot Ventures, and Spray Venture Partners. Facet Solutions is FDA registered and is certified to ISO 13485.


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Press Contact

Alan Chervitz
President and CEO
Facet Solutions, Inc.
124 South 600 West
Logan, UT 84321
435.753.1671 x-111
alan@facetsolutions.com


 

Facet Solutions, Inc . • 45 South Street • Hopkinton, MA 01748 • phone: 508-435-2492 fax: 508-435-4503
© 2006 Facet Solutions, Inc. All Rights Reserved 1024 Rev. B