Zecotek Photonics Inc.
today announced that it has received a second grant payment under the previously
announced Government of Singapore Economic Development Board's (EDB) Research
Incentive Scheme for Companies. The payments cover a portion of Zecotek's operational
expenses in research and development and under the terms of the agreement, grant
details remain confidential.
"We continue to reap the benefits from the move of our operations to
Singapore and the EDB has been central to the support of our efforts to commercialize
our portfolio of photonic technologies," said Dr. A. F. Zerrouk, Chairman,
President and CEO of Zecotek. "From our headquarters in Singapore we have
initiated sales of the RFO vanadate crystals, completed the manufacturing process
of our MAPD solid-state photo detectors and established a strategic relationship
with Fujikura to manufacture our Green Fiber Laser. The commercialization of
our technologies is becoming a reality and we will continue to work closely
with the EDB team as we bring new laser and crystal products through development
into our customer's hands."
Zecotek has consistently met or exceeded key critical milestones required under
the grant program which included: developing a production prototype of the 3D
display, establishing production of RFO vanadate crystals, completion of the
development of the Green Fiber Laser, the MAPD solid-state photo detector, the
PET/MRI project and several new types of solid state and fiber lasers.