Zecotek receives Singapore research grant
2007-07-23 17:28 ET - News Release
Dr. Faouzi Zerrouk reports
ZECOTEK AWARDED SINGAPORE ECONOMIC DEVELOPMENT BOARD'S RESEARCH INCENTIVE SCHEME FOR COMPANIES GRANT
Zecotek Medical Systems, through its wholly owned subsidiary Zecotek Medical Systems Singapore Pte. Ltd., has received grant approval for the Singapore Economic Development Board's (EDB) research incentive scheme for companies. Under the agreement the terms of the grant details remain confidential.
Zecotek has established Singapore's first biophotonics research and development facility in the prestigious Science Park II to develop and bring to market biophotonic technologies. The new labs will complete the development and production of Zecotek's key technologies in areas of medical imaging, medical lasers and 3-D display. Current projects include:
* Final stage development of its proprietary MAPD solid-state photo detector, production prototyping of its 3-D display; * Commercial production of its proprietary RFO high-performance vanadate crystals; * Development of several new types of solid-state and fibre lasers.
"Our move to Singapore last year was with the full encouragement and invitation of EDB in an effort to reduce Zecotek's overall operating costs and to leverage Singapore's research and development efficiencies, and its strong, high-technology manufacturing base," said Dr. A. Faouzi Zerrouk, chairman, president and chief executive officer of Zecotek Medical Systems. "The EDB team has demonstrated their continuing and enthusiastic support to our efforts. We look forward to continuing to work with the EDB team as we transition from a purely research and development organization, and bring to market several new-generation technologies."
Kenneth Tan, executive director, new businesses group of EDB, said: "We are delighted with Zecotek's decision to locate key operations in Singapore and the speed in which they have established their new facilities. Their impressive range of photonics technologies and products are a welcome addition to Singapore's growing industrial capabilities in photonics and medical imaging."
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