Shanghai EBO Optoelectronics Company to Exclusively use Zecotek LFS Scintillation Crystals in China

SINGAPORE--(Marketwired - March 09, 2017) - Zecotek Photonics Inc. (TSX VENTURE: ZMS) (FRANKFURT: W1I) (OTC PINK: ZMSPF), a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets, is pleased to announce that the Shanghai EBO Crystals Assembly Company, the largest crystal array producer and supplier in China, has been appointed exclusive distributor of its patented LFS scintillation crystals for all sales to end users and in particular the positron emission tomography (PET) medical scanner OEMs in China. Furthermore, EBO will not use any of the competitive crystals and will only use LFS scintillation crystals in arrays for all new PET medical scanners.

"The scientific team at EBO recognize the cost-performance superiority of Zecotek's patented LFS scintillation crystals when used in PET medical scanners," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "To have EBO become the exclusive distributor of LFS crystals, and agree to only use LFS crystals for their arrays sold to PET OEMs, will create significant value to our company. After extensive testing of our LFS crystals where EBO measured consistency of performance, product availability and cost/pricing considerations with end users, EBO has chosen to focus its crystal and array sales to PET OEM using only Zecotek LFS crystals. We expect today's announcement to drive significant crystal sales in China, as the government is aggressively growing the number of medical scanners to attend to the world's largest aging population."

As mentioned in the previous announcement on January 25, 2017, EBO is the largest crystal array producer and supplier in China. Their arrays are used by many of the top OEMs in the very fast growing domestic PET medical imaging market. Those OEMs installing new scanning machines in hospitals and clinics across China will be using Zecotek's LFS crystal arrays. Historically, EBO used a number of different competing crystals, mainly the LYSO/LSO, in their arrays. However, due to the superiority of LFS, moving forward the organization will only use LFS crystals for array components for PET medical scanners.