Zecotek Photonics Receives Second Payment From the Singapore Government

Published on October 31, 2008 at 11:52 AM

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.

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