Zecotek Photonics (TSX-V:ZMS, StockForum), a Singapore-based firm engaged in the creation of advanced materials and optoelectronic devices for high-resolution medical imaging, optical precision surgery and bioipharmaceutical research, announced today that the company's wholly-owned subsidiary, Zecotek Display Systems is in the process of designing a 3D printer.
According to the news release, Zecotek, working in conjunction with LT-Pyrkal of Yerevan, Armenia, was designing a 3D printer that would offer technical and commercial advantages to existing 3D printers.
This would be Zecotek's second product offering to the 3D sector since its recently announced 3D printing platform which offers considerable design, cost and time advantages with Zecotek's glasses' free, auto-stereoscopic, multi-view, HD 3D display.
Zecotek Chairman, President and CEO, Dr. A.F. Zerrouk, commented, “By combining our vast experience in laser technology and high precision electro-mechanical devices Zecotek and LT-Pyrkal are exploring novel designs for a compact and high speed 3D printer.”
He went on to explain, "Our technical expertise has allowed our partnership to explore new and more efficient methods of printing 3 dimensional objects with a large spectrum of materials.”
He then concluded, “We are testing components of a compact, high speed 3D printer to be used in rapid prototyping and rapid manufacturing, as well as the associated software interface and look forward to working with LT-Pyrkal to move this project forward.”
Zecotek was in the news recently when the company received United States patent allowance for its MAPD solid-state photo detector.
Shares climbed 10.71% on the news to $0.93 per share but fell in afternoon trading to $0.89 per share or a 5.95% increase.
Currently there are 95.0m outstanding shares with a market cap of $84.5 million.