Zecotek Ships Over US$250,000 of LFS Scintillation Crystals and Announces Internal Strategic Review

VANCOUVER, British Columbia, September 24, 2018 /PRNewswire/ --

Zecotek Photonics Inc. ("Zecotek" or the "Company") (TSX-V: ZMS) (Frankfurt: W1I) (OTCPK: ZMSPF), a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets, is pleased to announce that it has shipped an additional US$250,000 worth of its patented LFS scintillation crystals from recently announced orders. This shipment of LFS crystals and the US$225,000 shipment announced on September 11, 2018 are for a new line of positron emission tomography (PET) medical scanners.

The Company also announces that the board of directors and the senior management team have initiated a strategic review focused on maximizing shareholder value. Management believes that current market conditions surrounding the Company's listed securities do not adequately reflect the recent investment backed valuations of its subsidiaries, nor do they reflect the associated underlying value of their respective portfolio of patented and patent pending technologies and products.

"Management recognizes that Zecotek is significantly undervalued by the public markets and has announced a strategic review to optimize the structure of Company and to maximize shareholder value," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "We are making tangible progress on all front of our business including the shipment of an additional US$250,000 of our patented LFS scintillation crystals for a new line generation positron emission tomography medical scanners and shipments will increase as the new facility in Shanghai ramps up crystal production. The long wait to close the gap between the Company's advanced technologies and industry's adoption time has impacted shareholder sentiment. This gap is now closed and industry has caught up with our technologies. We will continue with our progress towards becoming a leading supplier of state-of-the-art technologies and look forward to taking on larger markets as our manufacturing capacity increases."

The strategic review shall examine a variety of potential alternatives that may add shareholder value including, but not limited to: a) a restructuring of the Company; b) the sale of assets held by the Company; c) the sale of a division of the Company; d) a strategic partnership with another company; and/or e) strategic equity investments at the divisional level. The Company has no plans of completing an equity offering in the foreseeable future and is in no need of doing so.