Zecotek Signs Extensive Distribution Agreements With T.E.M. Incorporated of Japan
Vancouver, BC, July 28, 2008 - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I) today announced it has signed broad ranging distribution agreements with T.E.M. Incorporated (“T.E.M.”), a leading Japanese distributor of laser and electro-optical products. The agreements cover the distribution of Zecotek’s fiber and solid state lasers, MAPD photo detectors, RFO vanadate crystals and patented LFS Scintillation material in Japan.
“Our strategy is to market the Zecotek portfolio of products through the most credible distribution channels, thus we are delighted to have T.E.M. on our team,” said Dr. A.F. Zerrouk, Chairman, President and CEO of Zecotek. “The T.E.M. sales force has an exceptional and proven track record in the key markets of Japan representing companies like IPG Photonics, Promet International and Cambridge Technologies. We welcome their expertise and their enthusiasm with respect to our product portfolio, and we look forward to a successful relationship with high growth and significant penetration into Japan’s photonics markets.”
With the recent agreement with Fujikura, Japan became a priority market for Zecotek, in par with North America for both industrial and research applications. The size of the Japanese optoelectronics industry in 2007 was estimated to be C$75 billion (source: Japan Optoelectronic Industry and Technology Development Association) not including industrial micro-machining applications for Zecotek’s fiber lasers which are designed to replace currently used gas and ion lasers. T.E.M. will work within Zecotek’s existing manufacturing agreement with Fujikura.
T.E.M. brings a wealth of experience in the Japanese fiber laser market and was instrumental in the introduction and market development of emerging companies such as IPG Photonics (NASDAQ: IPGP). Under the laser distribution agreement with Zecotek, T.E.M. has commitments to pre-purchase products including its Green Fiber Lasers for immediate marketing to its major OEM customers. The distribution agreements were signed by Zecotek Laser Systems Pte. Ltd. and Zecotek Imaging Systems Pte. Ltd.
About T.E.M. Incorporated
Founded in 1986 as an import company of optical crystals and other products, T.E.M has grown along with progress of the optoelectronics industry. For more information please visit: http://www.tem-inc.co.jp/en/corporate/index.php.
Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I), is a photonics technology company developing high-performance crystals, photo detectors, lasers, optical imaging and 3D display technologies for commercial applications in the medical diagnostics and high-tech industries. Founded in 2003, the company operates three distinct divisions: imaging, lasers and 3D display, with labs located in Canada, USA, Singapore 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
T: (604) 827-5232
For investor information please contact:
Caliber Capital Partners
T: (778) 327-6678
E: [email protected]
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