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or Name
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Zecotek Photonics Inc
Symbol ZMS
Shares Issued 91,112,684
Close 2013-12-13 C$ 0.69
Market Cap C$ 62,867,752
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Zecotek in talks with unnamed companies for 3-D TV

2013-12-16 08:36 ET - News Release

Dr. A.F. Zerrouk reports

RENEWED INTEREST IN GLASSES FREE 3D PRESENTS OPPORTUNITY FOR ZECOTEK'S PATENTED 3D DISPLAY TECHNOLOGY

Zecotek Photonics Inc.'s wholly owned subsidiary Zecotek Display Systems Pte. Ltd. is demonstrating patented 3-D display technology to major electronics companies in its lab in Vancouver. The company is in discussions with certain major electronics companies to co-develop an OLED/LED (organic light emitting diode) based, flat-screen, glasses-free, true 3-D HD television. This progress in the Zecotek Display Systems division, follows the recently signed collaborative joint venture agreement between Hamamatsu Photonics of Japan and Zecotek Imaging Systems to market and sell patented imaging technologies.

"With the sharp decline in the 3-D consumer television market over the past year there is renewed interest in our patented 3-D display technology," said Dr. A.F. Zerrouk, chairman, president and chief executive officer of Zecotek Photonics. "Price, combined with concerns about visual health, as well as the overall lack of quality in the current 3-D television, have all contributed to a poor consumer market outlook. Zecotek's 3-D display offers a realistic, HD, glasses-free multiviewer 3-D experience. We have overcome the main technical barriers required to meet the consumer preference for flat-screen form factors and HD picture quality with available OLED/LED flat-screen display technologies. Our strategy is to partner with industry-leading OEMs to commercialize our patented technologies. Renewed discussions are now in progress and we feel confident about reaching a mutually rewarding business arrangement."

Current OLED/LED-based flat-screen display technologies are now meeting higher switching speeds necessary to support Zecotek's 3-D display technology. The company is actively pursuing major consumer electronics companies to develop a true, glasses-free, HD 3-D experience using state-of-the-art fast OLED/LED panels. The application of Zecotek's 3-D display system with fast OLED panels will enable a true 3-D, HD flat-screen display system which could revive the electronics 3-D consumer market.

"In November, 2011, our white paper on 3-D display technology predicted the challenging consumer market place, pointing to the weakness in the 3-D systems using special glasses. At the same time, the white paper indicated that once flat-screen technologies, OLED in particular, evolved to higher switching speeds, Zecotek's unique display technology would be successfully applied to flat-screen formats. This is now happening today," continued Dr. Zerrouk.

In parallel, rapid improvements in DLP (digital light processing) speeds and intensity have enhanced the performance of Zecotek's current 3-D projection technology, providing an opportunity in specialized markets where a flat screen is not a critical requirement. As a result, the company is finalizing the design of two new high-speed DLP designs: a large display suitable for advertising and large venues; and a desktop monitor that will have applications in design engineering, medical, teaching and gaming.

Patents have now been granted to Zecotek for its 3-D display system in the United States, China, Europe, Eurasia, Russia and Australia. Patents have been filed and are pending in Japan, Korea and India.

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