SINGAPORE, Feb. 13, 2014 /CNW/ - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I.F), a developer of leading-edge photonics technologies for medical, industrial and scientific markets, has been named a 2014 TSX Venture 50® company by the TMX Group. The TSX Venture 50® ranks the top 10 companies in 5 major industry sectors by identifying those emerging companies which have shown strong results in key measures of market performance. Zecotek was ranked sixth in the list of top Canadian Technology & Life Sciences companies.
"During the past 12 months, Zecotek made significant progress towards the full commercialization of its scintillation crystals, MAPD solid-state photo detectors and a portfolio of leading edge photonic technologies," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "In 2013, Zecotek formed strategic partnerships with leading companies such as Hamamatsu Photonics of Japan which has advanced the sale of scintillation crystals to third party PET medical scanning device manufactures. We continued the protection of our intellectual property through filing of patents and the legal action against St. Gobain and Philips for patent infringement. We also advanced our 3D display technology and components for PET medical scanning devices. It is an honour to receive recognition from the TSX Group which validates the hard work and dedication of our management and scientific teams."
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.
The TSX Venture Exchange includes over 2250 companies in a diverse mix of industry sectors, including mining, energy, industrial, life sciences, technology, clean technology and financial services. The Exchange's total market capitalization is over CDN$54 billion. More information about the Top 50 list is available at the following link: http://www.tmx.com/venture50
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.
Image with caption: "Zecotek - a 2014 TSX Venture 50 Company (CNW Group/Zecotek Photonics Inc.)". Image available at: http://photos.newswire.ca/images/download/20140213_C4077_PHOTO_EN_36721.jpg
SOURCE: Zecotek Photonics Inc.
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Zecotek Photonics Inc.
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