SINGAPORE--(Marketwired - June 30, 2017) - Zecotek Photonics Inc. (TSX VENTURE: ZMS) (FRANKFURT: W1I) (OTC PINK: ZMSPF), a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets, is pleased to provide an update to the forming of its new China based subsidiary Zecotek China Ltd. The formation of the new subsidiary has accelerated the potential adoption of the LFS by medical scanner developers as well as non-medical OEMs in China. Zecotek China is working closely with new medical and non-medical OEMs. Testing of the LFS crystals have been completed and we expect to receive purchase orders in the near future.

"While medical imaging OEMs are currently driving our growth in crystals sales in China, we are receiving significant interest from non-medical and government organizations to use the LFS for industrial applications," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "For over two years we have focused on China and performed the extensive ground work necessary to access this substantial and growing market. Together with our strategic partner EBO Optoelectronics, we have gained access to the Chinese medical imaging market. Now with Zecotek China, our newly formed subsidiary, we are attracting both non-medical and government organizations searching for scintillation crystals with superior performance characteristics. Our LFS crystal is gaining an excellent reputation in the Chinese marketplace, for its purity, consistent cost performance and patent protection worldwide."

On May 16, 2017, Zecotek first announced it was forming a wholly owned subsidiary in the Shanghai Free Trade Zone which will operate with in the Zecotek Imaging Systems division. Zecotek China was created to conduct business with greater ease and efficiency and gain access to tax incentives and infrastructure within the local business environment. China is the second largest medical device market in the world and is growing at an unprecedented rate.
EBO Optoelectronics is the largest crystal array producer and supplier in China. It has an impressive international customer list including the top medical imaging OEMs in the world, and is using Zecotek's LFS scintillation crystals exclusively for their PET (positron emission tomography) arrays. Zecotek China is working closely with EBO Optoelectronics and its customers both in and out of China.

Zecotek's management team is taking the necessary steps to become the leading supplier of scintillation crystals and other photonics technologies in China and around the world.

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