Zecotek Delivers First Shipment of a $500,000 Order of LFS Crystal Arrays for Russian PET Medical Scanner Program
Singapore, November 13, 2014 - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I.F), a developer of leading-edge photonics technologies for industrial, healthcare and scientific markets, today announced that it has delivered the first shipment of a $500,000 order of LFS Crystal Arrays to the NIITFA Automation Research Centre for Technical Physics. The Automation Research Centre for Technical Physics is a leading Russian scientific centre of excellence engaged in the development of medical imaging including a positron emission tomography (PET) medical device program. It is working with manufacturing partners to develop PET medical scanners for Russia and the neighboring markets.
“Our well-established R&D presence in Russia and the close collaboration by our Moscow based crystal and photo-detector scientists with NIIFTA, have allowed Zecotek Imaging Systems to gain access to the Russian PET Medical Scanner Program,” said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. “By leveraging our superior LFS scintillation crystals and array configurations, solid-state MAPD photo detectors and IDM modules, Zecotek can play a central role in providing the Russian PET program with high performance components. We look forward to completing this initial order and to becoming a key supplier of imaging components to the fast growing Russian PET scanners market.”
Zecotek recently announced an enhanced, patent-pending manufacturing process for LFS scintillation crystal growth and crystal arrays. The enhanced process allows for automated manufacturing of LFS crystal arrays with various sizes and configurations at a competitive price when compared to single element prices.
Zecotek’s patented (US patent No. 7,132,060) series of LFS scintillation crystals are known for their high light yields and ultra-fast decay times which allow for faster and higher-resolution operation of medical imaging equipment including PET medical scanners, and industrial imaging devices used in high energy physics experiments. Zecotek’s line of LFS crystals also cover a wide range of emission wavelengths which can be tailored to match the spectral sensitivity of various photo detectors including Zecotek`s solid-state MAPD photo detector arrays.
Zecotek’s LFS scintillation crystals will be supplied by the Beijing Opto-Electronics Technology Company (BOET), a subsidiary of North-China Research Institute of Electronics-Optics an industry leader in growing, cutting, polishing and large scale production of scintillation crystals grown by the Czochralski method.
NIITFA Automation Research Centre for Technical Physics is a scientific and production centre of excellence and a leading organization that performs development work for a number of federal and industrial based programs including: new generation nuclear power plants, nuclear power safety, nuclear fuel recycling and advanced medical imaging devices and systems.
Zecotek Photonics Inc (TSX-V: ZMS; Frankfurt: W1I) is a photonics technology company developing high-performance scintillation crystals, photo detectors, positron emission tomography scanning technologies, 3D auto-stereoscopic displays, and lasers for applications in medical, high-tech and industrial sectors. Founded in 2004, Zecotek operates three divisions: Imaging Systems, Laser Systems and 3D Display Systems with labs located in Canada, Korea, Russia, Singapore and U.S.A. The management team is focused on building shareholder value by commercializing over 50 patented and patent pending novel photonic technologies directly and through strategic alliances and joint ventures with leading industry partners including Hamamatsu Photonics (Japan), the European Organization for Nuclear Research (Switzerland), Beijing Opto-Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), the University of Washington (United States), and National NanoFab Center (South Korea). For more information visit Zecotek Photonics, follow @zecotek on Twitter and “like” us in Facebook.
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 Additional Information Please Contact:
Zecotek Photonics Inc.
The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors – mining, oil & gas, technology & life sciences, diversified industries and clean technology – based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2013.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. If you would like to receive news from Zecotek in the future please visit the corporate website at www.zecotek.com.