Shares Of Zecotek Pop On $5 Million Purchase Order, Company’s Single Largest Ever
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Shares Of Zecotek Pop On $5 Million Purchase Order, Company’s Single Largest Ever

By: Tomas Ronolski - News

Wednesday, June 13, 2018

Shareholders of Zecotek Photonics Inc. (TSX-Venture:ZMS) (OTCPK:ZMSPF) are rallying around the stock as the company just announced their single largest purchase order of US$5,000,000 for its patented LFS scintillation crystals through a distribution partner in China. The crystals will be used for positron emission tomography (PET) medical scanning equipment.

Zecotek, a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets has seen its share price slide since the start of the year, however today’s news perked up shares to the tune of 9.52% in mid-afternoon trading with shares currently trading at $0.23.

"2018 will be a transformative year for Zecotek's medical imaging business," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "This purchase order of US$5 million represents more revenue than we have achieved previously in an entire year. The order also demonstrates the success of the patient and systematic approach we have taken in the Chinese marketplace."

Zecotek's LFS series of scintillation crystals are known to be uniquely qualified for components in PET medical scanners. LFS crystals have the fastest decay parameter in their category, the best energy resolution and competitive pricing, which are key attributes for the new configurations of high resolution Time of Flight PET scanners. PET OEMs have conducted comparative tests with other many other scintillation materials and recognize Zecotek's LFS crystals to be superior for specific designs of PET medical scanners.

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