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Business Edge: Street Life
August 07, 2008
According to the Washington, D.C.-based Optoelectronics Industry Development Association (OIDA), the global optoelectronics market increased 14.5 per cent to $565 billion in 2006 from $494 billion the year before.
Act II: Light Money * The Player: Zecotek Photonics (TSXV:ZMS) Technology may already rule our world, but the optoelectronics subset (electronic devices that source, detect and control light) is growing so fast it's almost unfathomable. According to the Washington, D.C.-based Optoelectronics Industry Development Association (OIDA), the global optoelectronics market increased 14.5 per cent to $565 billion in 2006 from $494 billion the year before. By 2017, revenue is expected to surpass $1.2 trillion Zecotek Photonics, a Vancouver-based company that develops high-performance crystals, photo detectors, lasers and imaging, is poised to capture a bigger portion of that market, having just signed an agreement with T.E.M. Inc., a Japanese distributor of laser and electro-optical products. (The Japanese optoelectronics industry, incidentally, was estimated to be $75 billion in 2007.) The news has helped push the stock upward off its 52-week low, hit in the middle of July. |
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