![Zecotek: Leading the Way in Photonics (CNW Group/Zecotek Photonics Inc.) Photo_Asset_1](http://photos.newswire.ca/images/20140724_C8609_PHOTO_EN_42235.jpg)
SINGAPORE, July 24, 2014 /CNW/ - Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I.F), a developer of leading-edge photonics technologies for medical,
industrial and scientific markets, today announced that its wholly
owned subsidiary Zecotek Display Systems Pte. Ltd. has signed an
agreement with the Institute of Chemical Physics of the National
Academy of Sciences in Yerevan, Armenia, to extend the list of
high-performance powder metal alloys for use in its compact, high-speed
3D printer. The Institute will work with Zecotek and LT-Pyrkal to fine
tune the advanced technology necessary for the fabrication of metal
powders from metal hydride compounds. The focus of the contract is to
maintain a leadership position in the production of high-performance
powder materials that can be used in 3D additive manufacture of metal
and alloys based components for very wide applications and industries
at large.
"By partnering with industry leaders such as the Institute of Chemical
Physics and LT-Pyrkal, Zecotek Display Systems is establishing a solid
foundation to become leader in 3D printing as well as powder materials
for prototyping and distributed manufacturing," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek
Photonics Inc. "We have formed a trilateral partnership which
immediately adds value to our 3D printing program. The Institute of
Chemical Physics is a leading developer of new materials, a critical
factor as traditional industrial production transitions to 3D rapid
manufacturing. Not only are we establishing Zecotek as a leader in
industrial 3D printing, with this announcement we are positioning our
division to become a leader in the supply of new materials to support
the industry. We look forward to working with this impressive group of
scientific professionals to advance our 3D printing technologies."
"The collaboration between Zecotek Display Systems, LT-Pyrkal, and the
Institute of Chemical Physics will focus on 3D printing systems and
high-performance materials applicable in additive manufacturing
technologies" said Dr. Levon A. Tavadyan, Director of the Institute of
Chemical Physics. "We are excited by the opportunity to produce these
types of materials for fast 3D printing, and establish with Zecotek,
the partnership as a leading supplier of powder metals, alloys and
hydride compounds for 3D rapid manufacturing. The new materials will
be used in the laser sintering based 3D printing developed by Zecotek
and LT-Pyrkal for prototyping and mass production."
The Institute of Chemical Physics has established itself as a preeminent
organization for the advancement of chemical physics. Based in
Yerevan, Armenia it was founded in the early 1960s and took its present
structure in 1975. The Institute has completed extensive research in
the areas of processing hydrocarbons and natural mineral raw materials
into the valuable products and combustion processes in solid systems
(self-propagating high-temperature synthesis.
Zecotek and LT-Pyrkal have identified a unique method of printing with
high-performance metal alloys with its proprietary compact, high-speed
3D printing technologies. The development of new of powder metals,
alloys and hydride compounds in rapid prototyping and rapid
manufacturing, will be a significant leap forward for those companies
looking for higher productivity, economical customization, improved
quality and greater efficiency through rapid prototyping and rapid
manufacturing.
About the Institute of Chemical Physics
The Institute of Chemical Physics is based in Yerevan, Armenia and is
part of Russia`s International Science and Technology Centre, an
intergovernmental organization connecting scientists from Russia,
Georgia and other countries of the Commonwealth of Independent States
(CIS) with their peers and research organizations in the EU, Japan,
Republic of Korea, Norway and the United States. The organization
specializes in the development of the theory of chemical conversion,
kinetics and a mechanism of complex chemical reactions proceeding with
a participation of free radicals and atoms, including chain reaction as
well as combustion and explosion in the gas and condensed phases. Its
main fields of activity include: complex and elementary chemical
reactions with a participation of free radicals; chemistry of free
radicals; chain reactions; combustion and explosion in the gas and
condensed phases; synthesis of inorganic materials under condition of
combustion; development of technologies of refractory material
production by means of SHS (self-propagating high temperature
synthesis) method; catalytic processes; heterophase chemical processes.
For more information visit: http://www.istc.ru/istc/db/inst.nsf/wsu/i0001716?OpenDocument&lang=Eng.
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, 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 Hamamatsu Photonics
(Japan), 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.
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.
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.
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.
SOURCE Zecotek Photonics Inc.
Image with caption: "Zecotek: Leading the Way in Photonics (CNW Group/Zecotek Photonics Inc.)". Image available at: http://photos.newswire.ca/images/download/20140724_C8609_PHOTO_EN_42235.jpg