SINGAPORE, Sept. 26, 2014 /CNW/ - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I.F), as a result of a continuous disclosure review by the British Columbia
Securities Commission, the Company is issuing the following news
release to clarify its disclosure relating to the previously announced
sale of US$ 2 million of patented LFS scintillation crystals to
Further to the disclosure included in the quarterly management
discussion and analysis regarding the previously announced sale of US$
2 million of patented LFS scintillation crystals to Hamamatsu
Photonics, the Company is providing an explanation for the delay in
completing the full order.
Hamamatsu made the original order after reaching out to major end users
of scintillation crystals, with whom it has had long term supply
relationships for its detectors and other imaging components. The main
users of scintillation crystals are PET scanning device original
equipment manufacturers (OEM), and high energy physics centres such as
CERN. Due to engineering design upgrades and internal integration
processes at the OEMs the orders for the scintillation crystals have
Zecotek and Hamamatsu are working closely with the OEMs, and their
scientific teams to expedite the integration process. Zecotek has
started delivering preliminary amounts of scintillation crystals to
Hamamatsu which are being used in various end user`s new designs.
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 www.zecotek.com, 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.
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data was as of December 31, 2013.
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the future please visit the corporate website at www.zecotek.com.
SOURCE: Zecotek Photonics Inc.
For further information:
Zecotek Photonics Inc.
Unit 1120 - 21331 Gordon Way
Richmond, BC V6W 1J9
T: (604) 783-8291