logo-loader

Zecotek Photonics unveils new Chinese supply deal

Last updated: 08:58 25 Jan 2017 EST, First published: 03:58 25 Jan 2017 EST

deal, business men handshake
The deal sees Zecotek receive US$21mln over three years

Zecotek Photonics Inc (CVE:ZMS, OTCMKTS:ZMSPF) has unveiled a new deal worth US$21mln to supply a Shanghai based company over three years.

The photonics group will ship LFS scintillation crystal, a key material for nuclear based imaging, to the customer EBO Optoelectronics.

As a result of the deal, Zecotek will become the main supplier of Lutetium silicate based scintillation crystals to EBO.

It follows recent changes to the regulatory landscape in China, Zecotek chief executive Dr A.F. Zerrouk said.

The company highlighted that EBO is the largest producer and supplier of crystal arrays in China.

“The Shanghai EBO Optoelectronics Company is a strategic customer with strong network and access to the medical imaging industry in China,” Zecotek said in a statement.

“This initial contract is a starting point and we look forward to building an even more significant business with EBO to capture a significant portion of the PET medical scanner market in mainland China."

Ramp Metals Launches Drilling Program in Pursuit of High-Grade Nickel in...

Ramp Metals CEO Jordan Black joined Steve Darling from Proactive to introduce the company to the public domain and share exciting developments in the mining industry. With a background as a geotechnical engineer and experience in venture capital, including a notable role in taking GoldSpot...

51 minutes ago