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Zecotek Photonics Raises $3.5M

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VANCOUVER, British Columbia, Canada, Sept. 7, 2013 — Zecotek Photonics Inc. has sold more than 5.9 million shares of company stock at a price of 58 cents a share to raise approximately $3.5 million, the company said Wednesday. The sale increases the nonbrokered private placement the company announced on Aug. 20 by an additional $260,000 to a total of $3,460,824. Zecotek said it will use the funds to complete the transfer of technology for commercialization, strengthen its IP portfolio, and finance purchase orders and general working capital needs. In June, the company announced it raised $2.4 million (See: Zecotek Raises $2.4M in...Read full article

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    Published: September 2013
    Glossary
    positron emission tomography
    A medical imaging device that uses a ring of crystal/photomultiplier tube assemblies encircling the patient to detect gamma rays emitted by positrons colliding with electrons.
    AmericasBiophotonicsBusinessCanadaConsumerDisplaysImagingindustrialIP portfolioMaterials & ChemicalsPETpositron emission tomographyprivate placementraising capitalscintillation crystalsSensors & DetectorsZecotek PhotonicsLasers3D displays

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