Joseph P. Caruso has over 30 years of executive experience, including as CEO and CFO of medical device companies. He has extensive experience in areas such as business development, mergers and acquisitions, financing, and new product development. Currently he is a member of the board of directors for Endocellutions, a medical device startup, and Launchpad Venture Group, an angel investment group.

1. Joseph P. Caruso
30 Zachary Lane, Reading MA 01867
(617) 513-3222
joecaruso2@gmail.com
SUMMARY PROFILE:
Thirty years of broad executive management, operational, financial, administrative, and general
management experience with public and private companies. Extensive business development, mergers and
acquisition, accounting, financing, investor relations and strategic partnership experience. Board qualified
financial expert with a background as a CFO and Certified Public Accountant. A team player with the ability
to lead the growth of an organization from start up. Concentration in medical devices, intellectual property,
research and development, worldwide distribution networks and first of a kind FDA clearances.
EXPERIENCE:
2016 – Present LAUNCHPAD VENTURE GROUP:
Launchpad Venture Group is a Boston-based angel investment group providing funding and
advice to early-stage companies focusing on innovative, technology-driven companies. Launchpad
is the largest angel investing group in the Northeast and one of the top three most active groups in
the United States in both deal volume and dollars invested. Our active members are from a variety
of backgrounds and professions, including high-technology, financial services, industry, life
sciences and healthcare with investments in technology, healthcare and life science among others.
2014 – Present ENDOCELLUTIONS: Member of the Board of Directors
Working with the CEO and the Board of Directors of this privately held medical device company on
strategic initiatives and operational issues including expanding distribution, product development, strategic
partnerships and new product development. Launched our first product in 2015.
2013 CYNOSURE, NASDAQ: CYNO
Acquired Palomar for $300 Million in June, 2013
Palomar merged with Cynosure in 2013 to create the premier laser aesthetic company in the space. The
transaction was 50% stock and 50% cash. The combined company had direct offices in nine countries and sells
into 100 countries with 50% of revenues from outside the United States. Combined revenues were in excess of
$250M. Joined Cynosure as President and Vice Chairman in June until September to assist in the transition.
1992 – 2013 PALOMAR MEDICAL TECHNOLOGIES, INC. (Palomar), NASDAQ: PMTI
$100M revenue based publicly held company that develops proprietary laser technology for the medical
aesthetic device industry. Over the past 20 years, Palomar has led in the development of many of the top applications
found in laser dermatology and plastic surgery. Palomar developed the first high powered laser hair removal
systems, fractional laser technology and was the first company to receive FDA Over-The Counter (OTC) clearance
for at home aesthetic laser systems. Palomar developed technology can be found in tens of thousands of physicians’
offices around the world and has been used to treat millions of patients. The headquarters and manufacturing plant
was located in Burlington Ma. with over 250 employees worldwide.
Member of the Board of Directors since 2001
Chairman since 2012
President and CEO since 2002
President and Chief Operating Officer from 2000 to 2002
Vice President and Chief Financial Officer from 1992 to 2000
J. CARUSO Page 2 of 4

2. • Joined Palomar in the start-up phase, pre IPO, to help raise private capital and establish financial and
operational controls to prepare for an IPO. Worked with Coherent Inc., and private investors to
restructure the equity of the company and finance the working capital requirements.
• Raised more than $100M in domestic and international convertible debt and equity financing activities
post IPO working with investment bankers, outside accountants and lawyers. Responsible for
negotiations with financing partners, all SEC reporting and road show presentations. Worked with the
Board of Directors on a diversification strategy to compliment the medical device business.
• Responsible for more than 10 acquisitions in the medical and electronics businesses both in the United
States and Europe including negotiations, due diligence, restructuring, integration, reporting and
financing. Worked closely the Board of Directors on strategic plans and analysis.
• Led an effort to analyze the business and refocus efforts on the core medical device business and exit a
number of non-core electronics businesses that established the base aesthetic medical device business.
• Member of the Board of Directors of Star Medical Technology (a majority subsidiary of Palomar) from
1993 to 1999. Worked with other members of the senior management team to negotiate the sale of Star
Medical Technology for $75M in cash and a 7.5% ongoing royalty.
• Member of the Board of Directors of Nexar Technology (a subsidiary of Palomar) from 1995 to 1997.
Worked with other members of senior management, lawyers, outside accountants, and investment
bankers to spin off this subsidiary in an IPO with a market capitalization valued at over $100M.
• Developed a budgeting and reporting system to manage the business and clearly communicate goals and
objectives throughout the organization. Established an incentive compensation plan to tie performance
and objectives to compensation including equity awards.
• Negotiated a number of technology and intellectual property license agreements with Massachusetts
General Hospital, Baxter Healthcare, Coherent Medical, Inc. and others. Set up a patent licensing
program for core industry patents that has generated more than $135M in fees from 12 competitors.
• Responsible for financial and operational reporting including internal departmental reporting and
external SEC reporting. Led Board of Directors discussions and made formal presentations on strategic
direction, partnerships, mergers and acquisitions, financings and results of operations.
• Managed a team of internal and external attorneys to enforce a number of patents against competitors
including managing lawsuits including trial and negotiating settlements resulting in the payment of back
owed royalties, legal fees and interest.
• Recruited and developed a senior management team in research, development, sales, marketing, finance,
administration, manufacturing, service, and legal. Established offices in Germany, Spain, Tokyo,
Sydney and the Netherlands. Set up distribution in over 50 countries around the world.
• Negotiated joint development and licensing agreements with the Gillette Company, Proctor and Gamble
and Johnson and Johnson. Set up a research and development joint programs to develop consumer laser
technology in the areas of home based laser hair removal, wrinkle, acne, and cellulite treatment.
• Negotiated and established major partnership and distribution agreements with Coherent Medical (Santa
Clara, California) and QMED (Uppsala, Sweden) to sell and market our core products.
• Responsible for investor relations including investor presentations, conferences, press releases, and
meetings with current and potential investors in the United States and Europe.

3. J. CARUSO Page 3 of 4
• Worked with the research team on a number of new products and technologies. Helped develop a
number of new applications and business methods for the core laser aesthetic technology. Named a
joint inventor on two patents and six pending patents.
• Participated in major medical meetings (American Academy of Dermatology, American Society of
Lasers in Medicine, International Masters Corse on Aging Skin, etc.) as a panel and faculty member.
Worked with key opinion leaders and luminary physicians around the world on new devices and
applications including designing clinical studies and evaluating clinical data.
• Met with officials at the Food and Drug Administration (FDA) to develop programs to test new medical
devices. Worked with officials to obtain 510k approvals of a number of new products and new
categories of medical laser devices including the aesthetic home laser category.
• Worked with architects and engineers on constructing facilities to support operations including high tech
manufacturing, research labs, depot service center, in house medical clinic and administrative
headquarters.
• Chaired Board of Director meetings and shareholder meetings and made numerous presentations to
strategic partners.
• Negotiated the largest transaction in the medical aesthetic laser industry. Worked with investment
bankers and attorneys on deal structure, negotiating terms and definitive agreements and formulating
integration planning.
1988 – 1991 MASSACHUSETTS ELECTRICAL MANUFACTURING COMPANY, INC.
A privately held electrical switchboard and power distribution company.
Chief Financial and Operations Officer – Responsible for all financial and operational aspects of the
company while reporting to the CEO.
• Responsible for all accounting and administrative functions. Worked with banks and leasing companies
to generate adequate working capital. Set up accounting and reporting infrastructure for operational and
financial reporting.
1987 – 1988 RHH ASSOCIATES, INC.
A privately held consulting company.
• Responsible for working with financial and accounting clients to identify professional staff in the area
of internal and external reporting, audit functions, internal controls.
1982 – 1987 PANNELL KERR FORSTER, CERTIFIED PUBLIC ACCOUNTANTS
An international public accounting firm
Certified Public Accountant
• Managed a number of audit and special project engagements specializing in publicly held clients.
1981 – 1982 Wolf & Co, CERTIFIED PUBLIC ACCOUNTANTS
An international public accounting firm
Certified Public Accountant

4. • Worked on a variety of audits specializing in the banking and financial institution industry.
J. CARUSO Page 4 of 4
EDUCATION: Merrimack College, B.S. Business Administration, (cum laude), 1981
Presented at MIT Sloan School as part of a Palomar case study
Various other continuing education courses in management.
PERSONAL: Age 56, married, two children (ages 20 and 24)
Ernst & Young Entrepreneur of the Year for 2007
Certified Public Accountant – Massachusetts, non-practicing
Interests include boating, fishing, cycling and skiing.