SiliconBeat

Another Silicon Valley company filed plans to go public with the SEC Thursday. Reliant
Technologies of Mountain View, a medical device company making laser-based “skin-rejuvenation” systems, estimated that it would raise $95 million in its initial public
offering.

Since launching its first laser system in 2004, the company says sales have grown from $4.5 million in 2004 to $57.5 million in 2006, and to $35.3 million for the first six months of 2007. Unlike recent valley IPO wunderkind, VMware, Reliant has yet to show a profit and has accumulated $55.6 million in losses through June 30.

It’s no start-up, however, having begun life in California in 1990 as Reliant Laser. It
changed to its current name in 1993, was purchased in 2001 by a Nevada corporation, and then became its own wholly-owned subsidiary as part of a recapitalization and equity financing to form the present corporation.

It buffed up its Silicon Valley connections in the last year hiring former Lexar Media head Eric Stang to be its chief executive in October, and former Corcept Therapeutics chief financial officer, Andrew Galligan, as its own CFO last month.

Several ex-Coherent executives are also involved, including chairman Hank Gauthier and chief technology officer Leonard C. DeBenedictis.

No word at this early stage on what the company will price its shares at. CEO Stang was
granted options to buy nearly 1.5 million shares of the company’s stock for $6 each when he was hired. The prospectus leaves room for information on sales by insiders in the IPO but no details have been filled in.

Stay tuned.