VANCOUVER, July 10, 2018 /CNW/ - Zecotek Photonics
Inc. ("Zecotek" or the "Company") (TSX-V:
ZMS)(Frankfurt: W1I)(OTCPK: ZMSPF), a developer of leading-edge
photonics technologies for healthcare, industrial and
scientific markets, is pleased to announce that its
recently formed subsidiary, Zecotek Imaging China Ltd. is
currently working with the Shanghai based EBO Optoelectronics Technology
Company (EBO) to prepare for the resumption of LFS scintillation
crystal delivery from its new crystal production facility which
commenced operation on July 2, 2018.
In January 2017, Zecotek and EBO
signed an agreement to supply $21
million of patented LFS scintillation crystals over three
years for positron emission tomography (PET) medical scanner OEMs.
With PET OEMs in China planning to
export new PET medical scanning devices to international markets,
it is critical that units are of the highest quality and there are
no questions regarding intellectual property (IP). For this reason,
it is preferable that the company supplying the crystals operates
its own production facility and owns the crystal IP. EBO and its
customers strongly suggested that LFS scintillation crystal must
come from Zecotek's own production facility.
"We are very impressed by Zecotek's new crystal manufacturing
facility in Shanghai, which will
supply LFS scintillation crystals to a number of our clients
developing positron emission tomography scanning devices," said Dr.
C. J. Yang, President and CEO of Shanghai EBO Optoelectronics
Technology Company. "It is important for us to work directly with
Zecotek to source patented LFS scintillation crystals that are
reliable, cost competitive and of superior quality. We look forward
to working closely with Zecotek and resuming our supply
agreement."
"The Shanghai EBO Optoelectronics Company is an important
customer and strategic partner in China and we are pleased to be working with
them as we complete the final details before opening our crystal
production facility in Shanghai,"
said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek
Photonics Inc. "Based on requests from customers inside and outside
of China and broader demand from
industry, we decided to set up our own crystal production facility
to secure our intellectual property and ensure consistent
performance and stable pricing. By taking control of the
manufacturing process of our patented scintillation crystals we can
meet our customers' needs and capture any added value."
EBO Optoelectronics is the largest crystal array producer and
supplier in China, and is using
Zecotek's LFS scintillation crystals exclusively for their PET
(positron emission tomography) arrays. It has an impressive
international customer list including the top medical imaging OEMs
in the world. Zecotek China is working closely with EBO
Optoelectronics and its customers both in and out of China.
Zecotek's LFS series of scintillation crystals are protected in
China and jurisdictions around
globe by a worldwide patent (including US patent No. 7,132,060).
The crystals cover a wide range of emission wavelengths which can
be tailored to match the spectral sensitivity of various photo
detectors including Zecotek's own solid-state MAPD/T photo detector
arrays. By using the Czochralski method to manufacture LFS
scintillation crystals, Zecotek can grow very large-diameter boules
with uniform properties and without cracking (a problem with many
competing scintillation materials). Larger, higher quality boules,
produce more single elements resulting in greater output with lower
unit costs.
Zecotek is focused on becoming a leading supplier of
scintillation crystals and other key photonic components
in China and around the
world.
About Shanghai EBO Optoelectronics
Technology Co.
Founded in 2007 and headquartered in Shanghai, EBO has more than 120 employees and
4,000 square meters of manufacturing space. Shanghai EBO fabricates
and supplies crystal arrays to an extensive customer base which
includes: Neusoft Medical Systems, Samsung Medical, Topgrade
Healthcare, FMI Medical Systems, IHEP of CAS, Huazhong University
of Science and Technology, and many domestic and foreign
universities and research institutions. EBO has the highest
standard processing production line and offers shaped crystal
customization and crystal array assembly to end users.
About Zecotek
Zecotek Photonics Inc (TSX-V: ZMS; Frankfurt: W1I; OTCPK: ZMSPF) is a photonics
technology company developing high-performance scintillation
crystals, photo detectors, positron emission tomography scanning
technologies, 3D auto-stereoscopic displays, 3D metal printing, and
lasers for applications in medical, high-tech and industrial
sectors. Founded in 2004, Zecotek operates three divisions: Imaging
Systems, Optronics 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 with Hamamatsu Photonics (Japan), the European Organization for Nuclear
Research (Switzerland), Shanghai
EBO Optoelectronics Technology Co. (China), NuCare Medical Systems (South Korea), the University of Washington (United States), and National NanoFab Center
(South Korea). For more
information visit http://www.zecotek.com and follow @zecotek on
Twitter.
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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
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SOURCE Zecotek Photonics Inc