Photonics Imaging Technology Leading the Way in Bio-Imaging Industry

PALM BEACH, Florida, June 13, 2018 /PRNewswire/ --

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The global photonics market is becoming a technological and economic powerhouse, generating over $500 Billion in 2017 according to Stratistics MRC. It's also expected the market will experience a CAGR of 10.5% through 2026, when it will surpass $1300 Billion. Drivers in the market's growth include growing usage of photonics in numerous industries, as well as an overall increasing adoption of advanced technologies for enhanced efficiency. The increasing demand as well as growth rate for photonic crystals in the market is attributed to their growing usage in applications of optical fiber, LED, image sensors, and solar & photovoltaic (PV) cell, among others, in the industrial, aerospace & defense, life sciences & healthcare and other end-use industries. Active stocks today include: Zecotek Photonics Inc. (OTC:ZMSPF) (TSX-V:ZMS), Corning Incorporated (NYSE: GLW), NeoPhotonics Corporation (NYSE:NPTN), 3D Systems Corporation (NYSE:DDD), Forgive Corp. (NYSE:FTV).

Zecotek Photonics Inc. (OTC: ZMSPF) (TSXV: ZMS.V) BREAKING NEWS: Zecotek Photonics, a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets, is pleased to announce the single largest purchase order of $5,000,000 for its patented LFS scintillation crystals through a distribution partner in China. The crystals will be used for positron emission tomography (PET) medical scanning equipment.

"2018 will be a transformative year for Zecotek's medical imaging business," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "This purchase order of $5 million represents more revenue than we have achieved previously in an entire year. The order also demonstrates the success of the patient and systematic approach we have taken in the Chinese marketplace. Our initiatives have established a strong foothold in China by creating key distribution partnerships, building a talented local sales team, and, as recently announced, installing our own state-of-the-art crystal production facility. The large order comes from one of our key sales channel partners for components related to the PET/CT medical imaging industry. The first shipment of LFS crystals is expected to be completed in the next 30 days, with the crystals coming from our current inventory. The remaining shipments will take place over the next 12 months and will be supplied by our new crystal production facility in Shanghai. We will continue to aggressively expand our sales opportunities in China and elsewhere and look forward to reporting further results."