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Letter of Intent with Fujikura Ltd. of Japan
October 15, 2007
Zecotek Signs Letter of Intent with Fujikura Ltd. of Japan for Manufacturing and Distribution of Key Zecotek Products
Vancouver, October 15, 2007 - Zecotek Medical Systems Inc. (TSX-V: ZMS; Frankfurt: W1I) today announced that it has signed a letter of intent (LOI) with Fujikura Ltd. of Japan (Fujikura) to negotiate terms of a proposed business partnership which would feature the manufacture and distribution of certain technologies and products, including Zecotek’s new line of fiber lasers and a detector block consisting of Zecotek’s proprietary solid-state photo detectors and LFS scintillation crystals. “We consider our fiber laser technologies to be leading edge and we are very pleased that Fujikura shares our enthusiasm,” said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek. “Fujikura is the world leader in fiber development and manufacturing and, with its strong brand and global distribution network in the scientific, industrial and consumer sectors, represents an outstanding partner for Zecotek to pursue the rapidly growing fiber laser market. We will also look to Fujikura’s manufacturing expertise to complete the commercialization of other key products, notably our photo detector arrays for medical and non-medical imaging.” The LOI calls for both parties to lay the groundwork for a joint relationship whereby Zecotek and Fujikura would collaborate on an ongoing basis in the manufacture and commercialization of a number of Zecotek’s products. Under terms to be agreed, Fujikura could contribute capital investment, technical support and manufacturing know-how for certain products that can be licensed for manufacture and distribution by Fujikura or under a joint venture arrangement. The LOI calls for a period of three months to conclude negotiations during which time both parties have agreed not to solicit alternative proposals. About Fujikura Limited About Zecotek 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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