Updated on 17 July 2013
The agreement combines the strengths of both organizations into a collaborative program
Singapore: Zecotek Photonics, a developer of leading-edge photonics technologies for medical, industrial and scientific markets, announced that its wholly owned subsidiary Zecotek Imaging Systems has signed a joint collaboration partnership agreement with Hamamatsu Photonics of Japan to commercialize existing imaging technologies and to collaborate on the upgrade and manufacture of photo detectors, integrated detector modules (IDM) and associated electronics and data acquisition modules for the imaging markets at large.
With approximately $1 billion of annual sales, Hamamatsu is the world's leading supplier of optoelectronics components including photo multiplier tubes and photo-diodes used in positron emission tomography (PET) medical scanners, the European Organization for Nuclear Research (CERN) projects and other industrial and scientific applications.
"This agreement represents a pivotal and historic event for Zecotek. With Hamamatsu's strong technological, manufacturing and commercial expertise, our two companies will have the capacity to provide substantial value to the medical imaging and high energy physics industries," said Dr AF Zerrouk, chairman, president, and CEO of Zecotek Photonics.
"Hamamatsu is the world leading developer and supplier of optoelectronics components to PET (Positron Emission Tomography) medical scanner OEM's and manufacturers, to the bio-medical industries, as well as to CERN with whom they have a very close and long term relationship. By combining our efforts, we can accelerate the commercialization of Zecotek's imaging technologies for the medical, industrial and research applications. I have full confidence in the ability of Hamamatsu's management and technical team to create key value in this very welcomed relationship," Dr Zerrouk added.
"We are very pleased to join forces and provide added value to Zecotek's imaging technologies," said Mr Koei Yamamoto, general managing director, Hamamatsu Photonics. "We will use our well established R&D, technological and manufacturing expertise to strengthen Zecotek's existing technological results and products. We believe this to be a powerful and symbiotic relationship," he added.