July 24, 2014Zecotek Display Systems and the Institute of Chemical Physics Develop Metal Alloys for 3D Printing
March 29, 2011Joint Institute for Nuclear Research for CERN COMPASS Experiment to Use Solid-State Photo Detectors
February 10, 2010Prestigious University to use Zecotek's LFS Crystals for Next-Generation PET Program
April 15, 2009Zecotek Establishes Ongoing Relationship with CERN with Initial Order of MAPD photo detectors
March 03, 2009Zecotek Closes Financing and Receives Grant Money from the Gov't of Malaysia and Singapore
December 03, 2007Demonstration of 32 inch 3D Display and Insight Media to Advise with 3D Market Entry
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Agreement-in-Principle with Fujikura Ltd.
January 03, 2008
Zecotek and Fujikura Ltd. of Japan Reach Agreement-in-Principle on Partnership for Development, Manufacture and Distribution of Key Zecotek Products
Vancouver, BC – January 3, 2007 - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I) today announced that following the LOI signed in October and the recent visit by senior officials of Fujikura Ltd. to Zecotek’s Vancouver and Seattle facilities, both companies have reached an agreement-in-principle to form a partnership for the development, manufacture and sales of key Zecotek products, including Zecotek’s proprietary fiber lasers. In order to finalize the structural and operational details, both parties have agreed to extend the current LOI to January 31, 2008. Under the proposed agreement Fujikura will contribute, technical support and manufacturing know-how for certain products to be manufactured and distributed by Fujikura under the partnership.
“We are very pleased that following a thorough inspection of our facilities and our technologies, Fujikura officials came to a rapid decision to proceed with our proposed partnership,�? said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek. “We see this as a very strong endorsement of both our technological leadership and our product development roadmap. Fujikura, with its technological awareness, manufacturing expertise, strong brand and global distribution network, will provide an outstanding partnership for Zecotek.�?
Following meetings in Tokyo in November a delegation of senior Fujikura officials visited Zecotek’s Vancouver laboratories and inspected Zecotek’s 3D2D Display technology. The officials also visited laboratories at the University of British Columbia and University of Washington and inspected Zecotek’s joint Optical Coherence Tomography, Thin Film Laser and PET/MRI projects. At the conclusion of the visits, Fujikura and Zecotek reached an agreement-in-principle to form a partnership for the manufacture and sales of Zecotek products, including Zecotek’s proprietary fiber lasers.
“We are highly impressed with both Zecotek’s technological depth and the market potential of their product portfolio,�? said a representative of Fujikura Ltd. “We look forward to working with Zecotek on not only their fiber lasers, but on many of their other products and technologies which complement and extend our current business lines.�?
About Fujikura Limited
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., MICHAEL MINDER, CFO; VP Corporate Development, T: (604) 827-5203
Caliber Capital Partners, TIM MCNULTY, T: (778) 327-6678, E: [email protected]
Fujikura Ltd., DR. YONG-TSONG TAN, T: (+65) 6870-0723, E: [email protected]
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