Zecotek Display Systems Signs Agreements to Commercialize 3D Display Monitors in Russia and CIS Countries
Singapore, August 12, 2015 - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I.F; OTCPK: ZMSPF), a developer of leading-edge photonics technologies for medical, industrial and scientific markets, today announced its wholly owned subsidiary, Zecotek Display Systems Pte Ltd., has signed agreements with the Engineering Centre of the National Research Nuclear Center MEPhi (ECM) and its business affiliate Novilab Mobile LLC., to commercialize Zecotek’s patented 3D auto-stereoscopic display monitors in Russia and countries of the Commonwealth of Independent States (CIS). The agreements offer ECM and Novilab exclusive rights to the Russian 3D display market. In return ECM and Novilab will be responsible to fund the manufacturing technology transfer of the existing 3D display technology to a final product, and to commercialize the final product for specialized high-end markets in Russia.
“Novilab Mobile is affiliated to one of the most prominent and largest institutes in Russia, namely the Engineering Centre of the National Research Nuclear Center MEPhi (ECM), and together they have the capabilities to bring our 3D technology to the markets in Russian and CIS countries,” said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. “This is a mutually beneficial partnership that will open larger opportunities for Zecotek’s 3D technologies as a whole. Commercialization strategies for other parts of the world market are also in progress. The results of which will be announced upon finalization of agreements”.
“The demand in Russia for such leading edge technology is substantial”, said Andrey Starikovskiy, head of Novilab Mobile company. “We have identified specialized applications and customers for this new high speed, full high definition, multiple view capabilities offered by the Zecotek 3D display. Our plan is to market the initial designs to these high-end markets, where we will focus for the first 3 years of production. In parallel, we will work with our partners at Zecotek and ECM to complete the flat screen option for the larger consumer electronics end users in Russia and CIS countries.”
“Zecotek’s 3D display technology is truly unique in the world”, saidDmitry Mikhaylov, Managing Director of ECM. “We are delighted by the opportunity to take the present prototype to a commercial product.”
As previously announced in Zecotek`s 3D Technology update released on July 6, 2015, the Company has been negotiating with a number of parties in an effort to bring the patented 3D display technology to the manufacturing stage. The ECM is part of the National Nuclear Research University of Russia and offers a proven ability to commercialize scientific technology with a number of well-defined applications of its own and an established high-end customer base. Earlier this year, a team from the ECM travelled to Zecotek`s 3D lab in Vancouver and conducted a thorough analysis of the 3D display technology. Impressed by the demonstration and the underlying technologies, the ECM moved to secure a contract and the two parties agreed to focus on existing industrial/governmental and marketing design customers in specialized high-end markets in Russia. The transfer of technology will begin immediately with initial sales of the 3D display monitors expect to start in the first quarter of 2016.
Zecotek`s patented, glasses free, 3D display system has significant competitive advantages compared to competing systems. It is based on the auto-stereoscopic principle, but with substantial innovative and patented improvements and represents a new and unique generation of 3D displays. It has the capability of simultaneously presenting 3D and 2D images on the same screen, and for separate views at different viewing angles. Zecotek’s 3D display system requires no eyewear and has an effective viewing angle of 40 degrees with 90 concurrent perspectives allowing for multiple views at the same time. Another unique feature of the Zecotek system is constant motion parallax within the viewing angle. Motion parallax eliminates the sense of imbalance and dizziness during normal observation which can occur with polarized and shutter glasses used with other commercial systems.
Zecotek Display Systems is a wholly owned subsidiary of Zecotek Photonics. It owns a valuable portfolio of patented and patent pending 3D technologies. The main technologies include:
1. Flat screen, front projection 3D auto-stereoscopic display,
2. Large format, rear projection 3D auto-stereoscopic display,
3. 3D printer technology,
4. New material alloys and semiconducting for 3D printing,
5. Accompanying interfaces for all 3D technologies.
The 3D patent portfolio includes allowances from the United States, China, Europe, Eurasia, Russia and Australia. Other patents have been filed and are pending in Japan, Korea and India.
About Novilab Mobile LLC.
Novilab main activities are the development of applications for mobile phones and tablets, and the maintenance and production of new versions of developed applications. The Company offers a full range of services from development to promotion of the applications. It developsapplications for most mobile platforms including Apple iOS, Android, Windows Phone and Blackberry. Its has a strong software design platforms for various types of display and communication technologies It has significant experience working with large commercial companies and prides itself with superior customer service and product delivery. For more information visit: www.novilabmobile.com.
About “MEPhI” - National Research Nuclear Centre
The National Research Nuclear Centre (MEPhI) was established in 2008 to provide scientific and innovation support to the nuclear industry and other high-technology branches of national economy. Its focus is to establish a framework for the integration of science, education and production. MEPhI is a regionally distributed network of education and scientific innovation within the structure of nuclear education cluster of Russia. The University structure consists of 11 academic and industrial institutions including the Engineering Centre of MEPhI. For more information visit: https://mephi.ru/eng.
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 such as Hamamatsu Photonics (Japan), the European Organization for Nuclear Research (Switzerland), Beijing Opto-Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), and National NanoFab Center (South Korea). For more information visit Zecotek Photonics, follow @zecotek on Twitter.
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.
Unit 1120 – 21331 Gordon Way
Richmond, BC V6W 1J9
T: (604) 783-8291
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.