Friday, March 24, 2017

Zecotek Photonics Inc. - ZMS.v

Zecotek Photonics Inc. - ZMS.v is a photonics technology company commercializing high-performance scintillation crystals, photo detectors, positron emission tomography scanning technologies, 3D auto-stereoscopic displays, 3D printers and associated technologies for applications in healthcare, scientific and industrial, markets.

On March 21, 2017 the company released News

Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I; OTCPK: ZMSPF), a developer of leading-edge photonics technologies for industrial, healthcare and scientific markets, is pleased to provide an update to the memorandum of understanding (MOU) with the Chinese medical OEM to purchase LFS scintillation crystals for a new line of medical scanners as previously announced on March 23, 2016. The MOU called for Zecotek’s wholly owned subsidiary Zecotek Imaging Systems to supply LFS crystal elements to the Chinese OEM for up to 200 positron emission tomography (PET) medical scanners over the next 5 years, for clinics and hospitals across China. Due to the changing medical scanner landscape in China, the proposed agreement now calls for the Chinese OEM to purchase LFS crystal based arrays through the Shanghai EBO Optoelectronics Company (EBO).