Zecotek Display Systems and the Institute of Chemical Physics of the National Academy of Sciences Develop High-Performance Materials for use in 3D Printing
July 24, 2014 (Source: PRNewswire) — Zecotek Photonics Inc. (TSX-V: ZMS; Frankfurt: W1I.F), a developer of leading-edge photonics technologies for medical, industrial and scientific markets, today announced that its wholly owned subsidiary Zecotek Display Systems Pte. Ltd. has signed an agreement with the Institute of Chemical Physics of the National Academy of Sciences in Yerevan, Armenia, to extend the list of high-performance powder metal alloys for use in its compact, high-speed 3D printer. The Institute will work with Zecotek and LT-Pyrkal to fine tune the advanced technology necessary for the fabrication of metal powders from metal hydride compounds. The focus of the contract is to maintain a leadership position in the production of high-performance powder materials that can be used in 3D additive manufacture of metal and alloys based components for very wide applications and industries at large.
“By partnering with industry leaders such as the Institute of Chemical Physics and LT-Pyrkal, Zecotek Display Systems is establishing a solid foundation to become leader in 3D printing as well as powder materials for prototyping and distributed manufacturing,” said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. “We have formed a trilateral partnership which immediately adds value to our 3D printing program. The Institute of Chemical Physics is a leading developer of new materials, a critical factor as traditional industrial production transitions to 3D rapid manufacturing. Not only are we establishing Zecotek as a leader in industrial 3D printing, with this announcement we are positioning our division to become a leader in the supply of new materials to support the industry. We look forward to working with this impressive group of scientific professionals to advance our 3D printing technologies.”
“The collaboration between Zecotek Display Systems, LT-Pyrkal, and the Institute of Chemical Physics will focus on 3D printing systems and high-performance materials applicable in additive manufacturing technologies” said Dr. Levon A. Tavadyan, Director of the Institute of Chemical Physics. “We are excited by the opportunity to produce these types of materials for fast 3D printing, and establish with Zecotek, the partnership as a leading supplier of powder metals, alloys and hydride compounds for 3D rapid manufacturing. The new materials will be used in the laser sintering based 3D printing developed by Zecotek and LT-Pyrkal for prototyping and mass production.”
The Institute of Chemical Physics has established itself as a preeminent organization for the advancement of chemical physics. Based in Yerevan, Armenia it was founded in the early 1960s and took its present structure in 1975. The Institute has completed extensive research in the areas of processing hydrocarbons and natural mineral raw materials into the valuable products and combustion processes in solid systems (self-propagating high-temperature synthesis.
Zecotek and LT-Pyrkal have identified a unique method of printing with high-performance metal alloys with its proprietary compact, high-speed 3D printing technologies. The development of new of powder metals, alloys and hydride compounds in rapid prototyping and rapid manufacturing, will be a significant leap forward for those companies looking for higher productivity, economical customization, improved quality and greater efficiency through rapid prototyping and rapid manufacturing.
About the Institute of Chemical Physics
The Institute of Chemical Physics is based in Yerevan, Armenia and is part of Russia`s International Science and Technology Centre, an intergovernmental organization connecting scientists from Russia, Georgia and other countries of the Commonwealth of Independent States (CIS) with their peers and research organizations in the EU, Japan, Republic of Korea, Norway and the United States. The organization specializes in the development of the theory of chemical conversion, kinetics and a mechanism of complex chemical reactions proceeding with a participation of free radicals and atoms, including chain reaction as well as combustion and explosion in the gas and condensed phases. Its main fields of activity include: complex and elementary chemical reactions with a participation of free radicals; chemistry of free radicals; chain reactions; combustion and explosion in the gas and condensed phases; synthesis of inorganic materials under condition of combustion; development of technologies of refractory material production by means of SHS (self-propagating high temperature synthesis) method; catalytic processes; heterophase chemical processes. For more information visit: http://www.istc.ru/istc/db/inst.nsf/wsu/i0001716?OpenDocument&lang=Eng.
Zecotek Photonics Inc (TSX-V: ZMS; Frankfurt: W1I) is a photonics technology company developing high-performance scintillation crystals, photo detectors, positron emission tomography scanning technologies, 3D auto-stereoscopic displays, and lasers for applications in medical, high-tech and industrial sectors. Founded in 2004, Zecotek operates three divisions: Imaging Systems, Laser 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 and joint ventures with leading industry partners such as Hamamatsu Photonics (Japan), the European Organization for Nuclear Research (Switzerland), Beijing Opto-Electronics Technology Co. Ltd. (China), NuCare Medical Systems (South Korea), and National NanoFab Center (South Korea). For more information visit www.zecotek.com, follow @zecotek on Twitter.
This press release may contain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what may have been stated.
The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors – mining, oil & gas, technology & life sciences, diversified industries and clean technology – based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2013.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. If you would like to receive news from Zecotek in the future please visit the corporate website at www.zecotek.com.
Get our daily investorintel update
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>