Zecotek Signs Agreement with Major Distributor For its Products in Israel
Vancouver, BC, May 27, 2008 - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I)is pleased to announce that it has signed an exclusive sales and distribution agreement with Toyo Ram for Zecotek products in Israel.
“We are very pleased to have engaged Toyo Ram for sales and distribution of our products into Israel’s medical imaging and expanding photonics markets” said Dr. F. Zerrouk, Chairman, President and CEO of Zecotek Photonics. “Their extensive customer base and excellent relationships promise to significantly contribute to our sales revenues. Israel’s medical imaging and bio-tech sectors are growing rapidly and make up a significant portion of global market in these areas.”
The agreement covers Zecotek’s broad portfolio of photonic technologies: proprietary Green Fiber and Ultra-wide tunable lasers, solid-state MAPD photo detectors combined with the LFS scintillation material, and RFO vanadate laser crystals. The agreement will be managed through Zecotek’s Singapore subsidiaries, Zecotek Laser Systems Pte. Ltd. and Zecotek Imaging Systems Pte. Ltd. on a product basis.
Toyo Ram represents a number of top-tier international manufacturers and providers, including Novatel and Top Global, and is rated as one of Israel’s top distributors and integrators for systems, subsystems and components to a broad spectrum of industries. Their extensive customer base include scientific organizations; government agencies; telco, cellular, CATV and satellite providers; and other enterprise and system companies. For more information on Toyo Ram please visit their website at www.toyoram.co.il
Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I) is a photonics technology company developing leading-edge products: crystals, photo detectors, lasers, imaging and 3D display technologies, for medical, biotech, industrial, nanotech and atomic/molecular science applications. Founded in 2003, the company has three distinct operating divisions: Laser Systems, Imaging Systems and 3D Display Systems and labs located in Canada, the United States, Singapore, Malaysia and Russia. Zecotek commercializes its novel, patented and patent-pending photonic technologies directly and through strategic alliances and joint ventures with multinational OEMs, distributors and other industry leaders. For more information, please visit Zecotek Photonics.
This press release may contain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what may have been stated.
For product and technical information please contact:
Zecotek Photonics Inc., SUSANA MENDEZ ALCALA, [email protected], T: (604) 827-5232
For corporate information please contact:
Zecotek Photonics Inc., MICHAEL MINDER, CFO; VP Corporate Development, T: (604) 827-5203
For investor information please contact:
Caliber Capital & Communications, TIM MCNULTY, T: (778) 327-6678, E: [email protected]
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