SINGAPORE,
July 24, 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. has
signed an agreement with the Institute of Chemical Physics of the
National Academy of Sciences in Yerevan,
Armenia, to extend the list of high-performance powder metal
alloys for use in its compact, high-speed 3D printer. The Institute
will work with Zecotek and LT-Pyrkal to fine tune the advanced
technology necessary for the fabrication of metal powders from
metal hydride compounds. The focus of the contract is to
maintain a leadership position in the production of
high-performance powder materials that can be used in 3D additive
manufacture of metal and alloys based components for very wide
applications and industries at large.
"By partnering with industry leaders such as the Institute of
Chemical Physics and LT-Pyrkal, Zecotek Display Systems is
establishing a solid foundation to become leader in 3D printing as
well as powder materials for prototyping and distributed
manufacturing," said Dr. A.F.
Zerrouk, Chairman, President, and CEO of Zecotek Photonics
Inc. "We have formed a trilateral partnership which immediately
adds value to our 3D printing program. The Institute of
Chemical Physics is a leading developer of new materials, a
critical factor as traditional industrial production transitions to
3D rapid manufacturing. Not only are we establishing Zecotek
as a leader in industrial 3D printing, with this announcement we
are positioning our division to become a leader in the supply of
new materials to support the industry. We look forward to
working with this impressive group of scientific professionals to
advance our 3D printing technologies."
"The collaboration between Zecotek Display Systems, LT-Pyrkal,
and the Institute of Chemical Physics will focus on 3D printing
systems and high-performance materials applicable in additive
manufacturing technologies" said Dr. Levon
A. Tavadyan, Director of the Institute of Chemical Physics.
"We are excited by the opportunity to produce these types of
materials for fast 3D printing, and establish with Zecotek, the
partnership as a leading supplier of powder metals, alloys and
hydride compounds for 3D rapid manufacturing. The new
materials will be used in the laser sintering based 3D printing
developed by Zecotek and LT-Pyrkal for prototyping and mass
production."
The Institute of Chemical Physics has established itself as a
preeminent organization for the advancement of chemical
physics. Based in Yerevan,
Armenia it was founded in the early 1960s and took its
present structure in 1975. The Institute has completed
extensive research in the areas of processing hydrocarbons and
natural mineral raw materials into the valuable products and
combustion processes in solid systems (self-propagating
high-temperature synthesis.
Zecotek and LT-Pyrkal have identified a unique method of
printing with high-performance metal alloys with its proprietary
compact, high-speed 3D printing technologies. The development
of new of powder metals, alloys and hydride compounds in rapid
prototyping and rapid manufacturing, will be a significant leap
forward for those companies looking for higher productivity,
economical customization, improved quality and greater efficiency
through rapid prototyping and rapid manufacturing.
About the Institute of Chemical Physics
The Institute of Chemical Physics is based in Yerevan, Armenia and is part of Russia`s
International Science and Technology Centre, an intergovernmental
organization connecting scientists from Russia, Georgia and other countries of the
Commonwealth of Independent States (CIS) with their peers and
research organizations in the EU, Japan, Republic of Korea, Norway and the
United States. The organization specializes in the
development of the theory of chemical conversion, kinetics and a
mechanism of complex chemical reactions proceeding with a
participation of free radicals and atoms, including chain reaction
as well as combustion and explosion in the gas and condensed
phases. Its main fields of activity include: complex
and elementary chemical reactions with a participation of free
radicals; chemistry of free radicals; chain reactions; combustion
and explosion in the gas and condensed phases; synthesis of
inorganic materials under condition of combustion; development of
technologies of refractory material production by means of SHS
(self-propagating high temperature synthesis) method; catalytic
processes; heterophase chemical processes. For more information
visit:
http://www.istc.ru/istc/db/inst.nsf/wsu/i0001716?OpenDocument&lang=Eng.
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 Hamamatsu Photonics (Japan), 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.
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.
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SOURCE Zecotek Photonics Inc.
Image with caption: "Zecotek: Leading the Way in Photonics (CNW
Group/Zecotek Photonics Inc.)". Image available at:
http://photos.newswire.ca/images/download/20140724_C8609_PHOTO_EN_42235.jpg
