Zecotek Medical Systems and Fujikura Ltd. of Japan Reach Agreement-in-Principle On Partnership for Development, Manufacture and Distribution of Key Zecotek Products
Published: Jan 03, 2008
VANCOUVER, British Columbia, Jan. 3, 2008 (PRIME NEWSWIRE) -- Zecotek Photonics Inc. (TSX-V:ZMS) (Frankfurt:W1I) today announced that following the LOI signed in October and the recent visit by senior officials of Fujikura Ltd. to Zecotek's Vancouver and Seattle facilities, both companies have reached an agreement-in-principle to form a partnership for the development, manufacture and sales of key Zecotek products, including Zecotek's proprietary fiber lasers. In order to finalize the structural and operational details, both parties have agreed to extend the current LOI to January 31, 2008. Under the proposed agreement Fujikura will contribute technical support and manufacturing know-how for certain products to be manufactured and distributed by Fujikura under the partnership.