Zecotek Announces Proposed Debt Settlement - Seite 2

Zecotek also announced today, for the first time in almost 4 years, that it has granted 15,200,000 incentive stock options to directors, employees and consultants for their contributions to the Company. This is the first option grant since May 2014. The exercise price of the options is set at $0.36, a 25% premium to today's closing price, and will expire in five years. The options will vest on the basis of 25% immediately, 25% 6 months after the date of grant, 25% 9 months after the date of grant, and the remaining 25% vesting 12 months following the date of grant.

The stock options are subject to regulatory approval.

About Zecotek
Zecotek Photonics Inc (TSX VENTURE: 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 ), Shanghai EBO Optoelectronics Technology Co. (China), 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, 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.

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.

For Additional Information Please Contact:

Zecotek Photonics Inc.
Michael Minder
T: [phone]
[e-mail]