SINGAPORE, April 1, 2016 /CNW/ - Zecotek Photonics
Inc. (TSX-V: ZMS; Frankfurt:
W1I.F, OTCPK: ZMSPF), a developer of leading-edge
photonics technologies for industrial, healthcare and scientific
markets, is pleased to announce that it has received preliminary
orders for its patented Lutetium Fine Silicate (LFS) scintillation
crystals from major OEMs developing radiation monitoring and
detection devices. The LFS crystals will be tested in devices used
in homeland security and border protection and safety, specifically
border security, land crossings, airports, harbours and strategic
government buildings.
"Our LFS scintillation crystals are once again being considered
as an important component in the radiation detection market due to
their superior attributes," said Dr. A.F.
Zerrouk, Chairman, President, and CEO of Zecotek Photonics
Inc. "LFS crystals are ideal at detecting small amounts of
radiation due to their unique combination of characteristics: high
energy resolution, low background noise, high light yield and short
decay time. We are working with our strategic partners to capture
this meaningful opportunity, and expect the requirement for LFS
crystals to grow substantially."
World events such as the Fukushima disaster, growing security
threats worldwide, increased security budgets of port authorities,
the aviation industry, sporting events, and the growing threat of
nuclear terrorism have contributed to the significant growth of the
overall radiation safety market. Experts have published that the
market for instruments specifically designed to measure radiation
is estimated to grow to US$3.5
billion by 2022.
A scintillation detection system consists of scintillation
crystals, photo detectors, an electric signal and processing
electronics. The systems can be made quite large and are widely
used in radiation detection, assay of radioactive materials and
physics research because they can be made inexpensively with
good quantum efficiency. Furthermore, the device can measure
both the intensity and the energy of incident radiation.
The scintillation crystals generate photons (light) in response to
incident radiation. A sensitive photo detector converts the light
to an electrical signal.
Zecotek's LFS scintillation crystals are ideal for the
application of radiation detection because they have higher
spectroscopic resolution and a decay constant that is 10 times
faster and more accurate than competing crystals. Zecotek is
working closely with OEMs to develop detection devices for various
application and with its strategic partnerships it is ready to
handle any sudden increase in crystals production.
About Zecotek
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, 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 and joint ventures with leading industry
partners including Hamamatsu Photonics (Japan), the European Organization for Nuclear
Research (Switzerland), Beijing
Opto-Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), the University of Washington (United States), and National NanoFab Center
(South Korea). For more
information visit www.zecotek.com, and 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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SOURCE Zecotek Photonics Inc.