Arizona Patent of the Month – March 2023
Guided Therapy Systems LLC, a biomedical engineering company, has developed a non-invasive way to address cosmetic issues around the eyes and forehead using high-intensity focused ultrasound (HIFU). The traditional procedures for treating wrinkles, puffy eyes, and droopy eyelids involve invasive surgeries that require hospital stays. However, Guided Therapy Systems’ recently patented HIFU technology can achieve the same results without any incisions, cuts or needles. The HIFU waves penetrate the skin’s surface to target and heat the underlying tissue causing the body’s natural healing process to kick in, tightening the skin and reducing the appearance of wrinkles and puffy eyes.
The procedure, known as Ultra Therapy, is FDA-approved and involves no downtime. Patients can expect to see results immediately after treatment, with maximum benefits appearing within three to six months as collagen production is stimulated. Ultra Therapy is safe, effective and less invasive than traditional procedures, making it a more attractive option for those looking to achieve a youthful look without the risks associated with surgical procedures.
The benefits of Ultra Therapy extend beyond the cosmetic as well. The HIFU waves used in the procedure can also be used to treat medical conditions such as prostate cancer and uterine fibroids, making it a versatile tool in the medical field. Guided Therapy Systems is leading the way in non-invasive cosmetic and medical procedures, and their HIFU technology is revolutionizing the way we approach treatment.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
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The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
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