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ZECOTEK TO DEVELOP 3D PRINTER
PR Newswire
Feb 27 2014
SINGAPORE, Feb. 27, 2014 /PRNewswire/ - 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. is designing a unique 3D printer which will offer technical
and commercial competitive advantages to existing 3D printers.
Zecotek is working with LT-Pyrkal of Yerevan, Armenia, a long
time contract partner which developed a number of key elements for
Zecotek`s own patented 3D display technology. This is Zecotek`s second
product offering to the 3D market following the recently announced
3D printing platform which offers significant design, cost, and time
advantages when Zecotek's glasses free, auto-stereoscopic, multi-view,
HD 3D display.
"By combining our vast experience in laser technology and high
precision electro-mechanical devices Zecotek and LT-Pyrkal are
exploring novel designs for a compact and high speed 3D printer," said
Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics
Inc. "Our technical expertise has allowed our partnership to explore
new and more efficient methods of printing 3 dimensional objects
with a large spectrum of materials. We are testing components of a
compact, high speed 3D printer to be used in rapid prototyping and
rapid manufacturing, as well as the associated software interface and
look forward to working with LT-Pyrkal to move this project forward."
3D printing is the process of making three dimensional solid objects
from a digital model by laying down successive layers of material in
different shapes. Companies are using 3D printing to evaluate more
product models in less time to improve design throughout the product
development process. As the design of a product advances, technical
issues are tested at various points to achieve improved performance,
lower manufacturing costs, while delivering higher quality and more
successful product launches. In rapid prototyping, 3D printing is
enables faster more efficient production that supports marketing and
sales. Rapid manufacturing enables higher productivity, economical
customization, improved quality and greater efficiency in a growing
number of industries.
Total annual sales and service of 3D printers has reached $2 billion.
Leading industry analysts predict continued significant growth with
annual sales of 3D printing reaching $4 billion by 2015, and over
$10 billion by 2021. The rapid growth in the market is due to the
improving performance of additive equipment and the expanding range
of materials being used. Although 3D printing has now become cheaper
and more customizable than regular manufacturing methods, there are
a number of opportunities for improvement. Zecotek and LT-Pyrkal
new 3D printer will be used for both prototyping and distributed
manufacturing with applications in many industries including dental,
medical, biotech, architecture, industrial design,aerospace, military,
civil engineering, and geographic information systems.
About LT-Pyrkal LT-PYRKAL is a Greek-Armenian research, development and
production company, specializing in crystal growth, laser accessories
and components, lasers and systems. LT-PYRKAL was established in 1999
and todays employs over 250 highly qualified specialists and occupies
over 30.000 square meters of industrial facilities for for synthetic
crystal growth, opto-mechanics and laser electronics manufacturing,
and laser and EO Systems development. For more information please
visit:http://www.lt-pyrkal.com/en/.
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
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 and
"like" us in Facebook at www.facebook.com/zecotek.
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 ofDecember 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.
http://www.prnewswire.com/news-releases/zecotek-to-develop-3d-printer-247526371.html
PR Newswire
Feb 27 2014
SINGAPORE, Feb. 27, 2014 /PRNewswire/ - 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. is designing a unique 3D printer which will offer technical
and commercial competitive advantages to existing 3D printers.
Zecotek is working with LT-Pyrkal of Yerevan, Armenia, a long
time contract partner which developed a number of key elements for
Zecotek`s own patented 3D display technology. This is Zecotek`s second
product offering to the 3D market following the recently announced
3D printing platform which offers significant design, cost, and time
advantages when Zecotek's glasses free, auto-stereoscopic, multi-view,
HD 3D display.
"By combining our vast experience in laser technology and high
precision electro-mechanical devices Zecotek and LT-Pyrkal are
exploring novel designs for a compact and high speed 3D printer," said
Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics
Inc. "Our technical expertise has allowed our partnership to explore
new and more efficient methods of printing 3 dimensional objects
with a large spectrum of materials. We are testing components of a
compact, high speed 3D printer to be used in rapid prototyping and
rapid manufacturing, as well as the associated software interface and
look forward to working with LT-Pyrkal to move this project forward."
3D printing is the process of making three dimensional solid objects
from a digital model by laying down successive layers of material in
different shapes. Companies are using 3D printing to evaluate more
product models in less time to improve design throughout the product
development process. As the design of a product advances, technical
issues are tested at various points to achieve improved performance,
lower manufacturing costs, while delivering higher quality and more
successful product launches. In rapid prototyping, 3D printing is
enables faster more efficient production that supports marketing and
sales. Rapid manufacturing enables higher productivity, economical
customization, improved quality and greater efficiency in a growing
number of industries.
Total annual sales and service of 3D printers has reached $2 billion.
Leading industry analysts predict continued significant growth with
annual sales of 3D printing reaching $4 billion by 2015, and over
$10 billion by 2021. The rapid growth in the market is due to the
improving performance of additive equipment and the expanding range
of materials being used. Although 3D printing has now become cheaper
and more customizable than regular manufacturing methods, there are
a number of opportunities for improvement. Zecotek and LT-Pyrkal
new 3D printer will be used for both prototyping and distributed
manufacturing with applications in many industries including dental,
medical, biotech, architecture, industrial design,aerospace, military,
civil engineering, and geographic information systems.
About LT-Pyrkal LT-PYRKAL is a Greek-Armenian research, development and
production company, specializing in crystal growth, laser accessories
and components, lasers and systems. LT-PYRKAL was established in 1999
and todays employs over 250 highly qualified specialists and occupies
over 30.000 square meters of industrial facilities for for synthetic
crystal growth, opto-mechanics and laser electronics manufacturing,
and laser and EO Systems development. For more information please
visit:http://www.lt-pyrkal.com/en/.
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
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 and
"like" us in Facebook at www.facebook.com/zecotek.
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 ofDecember 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.
http://www.prnewswire.com/news-releases/zecotek-to-develop-3d-printer-247526371.html