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First of Four Vanadate Growing Ovens Installed in Singapore
October 09, 2007
Zecotek Completes Installation of First Vanadate Crystal Growing Oven; Initial Orders Currently in Production
Vancouver, October 9, 2007 - Zecotek Medical Systems Inc. (TSX-V: ZMS; Frankfurt: W1I) today announced it has installed the first in a planned series of four vanadate crystal growing ovens at its Singapore production facilities. The ovens will be dedicated to the production of Zecotek’s proprietary high-performance Rare-Earth Fine Oxide (RFO) vanadate crystals. Initial purchase orders from major laser OEMs are presently being processed, with deliveries scheduled for mid-November. “We are delighted that we are very much on track in our RFO crystal production plan,” said Dr. A.F. Zerrouk, Chairman, President and CEO of Zecotek. “We anticipate a rapid growth in demand for our laser crystals, in particular through the cost and quality advantages of our proprietary growing techniques and patent position.” The Zecotek RFO vanadate crystal was developed as a next generation replacement for YAG (Yttrium Aluminum Garnet) crystals presently used in approximately 60% of all laser applications, from medical lasers to high power industrial laser systems. The laser crystal market is currently projected to grow to US$106 million by 2012, by which time Zecotek anticipates that YAG will be largely replaced by vanadates. YAG based lasers are also used in materials processing, marking, micro-machining, via drilling of printed circuit boards, medical surgery, aesthetic-hair removal, surgical urology/prostate treatment, skin resurfacing, range finding, laser radar applications, scientific research as well as entertainment products. The Zecotek also announces the granting of 100,000 stock options to a consultant for their contribution to the Company. The exercise price is set at $1.30 and will expire on October 9, 2012. The stock options are subject to regulatory and shareholder approval. - 30 - About Zecotek 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. For additional information please contact: Caliber Capital Partners The TSX Venture Exchange has not reviewed and does not accept 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.
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