Palomar Medical Technologies Inc has signed a new non exclusive-licensing agreement with Cynosure Inc. This agreement allows Cynosure to use the patented technology of Palomar Technologies including a system that uses lasers and lamps to remove hair. Cynosure has agreed to pay 7.5-percent royalty by Nov 8 on hair removal products (sold before Oct 1) to Palomar, besides the royalties that will be paid for other current and future hair-removal products.