SINGAPORE, Dec. 16, 2013 /CNW/ - Zecotek Photonics Inc. (TSX-V: ZMS; OTCPK: ZMSPF; Frankfurt: W1I), a developer of leading-edge photonics technologies for medical, industrial and scientific markets, today announced that its wholly owned subsidiary Zecotek Display Systems Pte. Ltd. is demonstrating patented 3D display technology to major electronics companies in its lab in Vancouver, BC. The Company is in discussions with certain major electronics companies to co-develop an OLED/LED (organic light emitting diode) based, flat screen, glasses-free, true 3D HD television. This progress in the Zecotek Display Systems division, follows the recently signed collaborative joint venture agreement between Hamamatsu Photonics of Japan and Zecotek Imaging Systems to market and sell patented imaging technologies.
"With the sharp decline in the 3D consumer television market over the past year there is renewed interest in our patented 3D display technology," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "Price, combined with concerns about visual health, as well as the overall lack of quality in the current 3D television, have all contributed to a poor consumer market outlook. Zecotek`s 3D display offers a realistic, HD, glasses free multi-viewer 3D experience. We have overcome the main technical barriers required to meet the consumer preference for flat screen form factors and HD picture quality with available OLED/LED flat screen display technologies. Our strategy is to partner with industry leading OEMs to commercialize our patented technologies. Renewed discussions are now in progress and we feel confident about reaching a mutually rewarding business arrangement."
Current OLED/LED based flat screen display technologies are now meeting higher switching speeds necessary to support Zecotek`s 3D display technology. The Company is actively pursuing major consumer electronics companies to develop a true, glasses-free, HD 3D experience using state-of-the-art fast OLED/LED panels. The application of Zecotek's 3D display system with fast OLED panels will enable a true 3D, HD flat screen display system which could revive the electronics 3D consumer market.
"In November 2011 our white paper on 3D display technology predicted the challenging consumer market place, pointing to the weakness in the 3D systems using special glasses. At the same time, the white paper indicated that once flat screen technologies, OLED in particular, evolved to higher switching speeds, Zecotek's unique display technology would be successfully applied to flat screen formats. This is now happening today," continued Dr. Zerrouk.
In parallel, rapid improvements in DLP (digital light processing) speeds and intensity have enhanced the performance of Zecotek's current 3D projection technology, providing an opportunity in specialized markets where a flat screen is not a critical requirement. As a result, the Company is finalizing the design of two new high speed DLP's designs: a large display suitable for advertising and large venues; and a desk top monitor that will have applications in design engineering, medical, teaching and gaming.
Patents have now been granted to Zecotek for its 3D display system in the United States, China, Europe, Eurasia, Russia and Australia. Patents have been filed and are pending in Japan, Korea and India.
About Zecotek's 3D Display System
Zecotek's 3D Display System 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 true, auto-stereoscopic 3D2D 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. Furthermore Zecotek's 3D display features the preservation of the base resolution in every perspective view irrespective of the number of such views. This is not true for any other glasses-free displays where the base resolution is divided by the number of views. Zecotek`s white paper on 3D display technology is available on www.zecotek.com.
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 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 and "like" us in Facebook at www.facebook.com/zecotek.
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.
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.
SOURCE: Zecotek Photonics Inc.
For further information:
Zecotek Photonics Inc.
T: (604) 783-8291