Expansion of the site in Singapore will be accomplished through the installation of specialized crystal growing ovens. Using the Czochralski method with certain modifications, LFS crystals are grown in these ovens, over a shorter time period. Zecotek's proprietary growing method produces very large-diameter boules with uniform properties and without cracks, a problem plaguing other competing scintillation materials. The result is a large number of high quality elements from each boule thus keeping manufacturing costs to a minimum.

Zecotek has also gained the support of the Singapore Economic Development Bank. The expansion to the facilities in Singapore will receive certain government support of up to 40% of capital and installation costs of new equipment.


The funds raised for the Display Systems division will be used to establish the necessary management, organizational and operational infrastructure to create a stand alone organization, and to produce a scalable 3D display for the automotive industry.

In addition, the Company also announces that the non-brokered private placement previously announced on November 9, 2016, has been increased by $375,000.

Each unit of the non-brokered private placement consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of $0.43 per common share at any time on or before the 24-month anniversary of the closing of the offering.

Net proceeds from the funds raised from the non-brokered private placement will be used to complete the transfer of technology for the purpose of immediate commercialization, strengthen and maintain patents of the Company's IP portfolio, and used for purchase order financings and general working capital purposes. Pursuant to the financing, the Company may pay a finder's fee. All shares and warrants are subject to a four-month hold period.


About Zecotek
Zecotek Photonics Inc. (TSX VENTURE: ZMS) (FRANKFURT: W1I) is a photonics technology company developing high-performance scintillation crystals, photo detectors, positron emission tomography scanning technologies, 3D auto-stereoscopic displays, 3D metal printing, and lasers for applications in medical, high-tech and industrial sectors. Founded in 2004, Zecotek operates three divisions: Imaging Systems, Optronics 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, the European Organization for Nuclear Research (Switzerland), Beijing Opto-Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), the University of Washington (United States), and National NanoFab Center (South Korea). For more information visit www.zecotek.com and follow @zecotek on Twitter.

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