SINGAPORE: Zecotek Photonics Inc., a developer of leading-edge photonics technologies for industrial, healthcare and scientific markets, today announced preliminary unaudited revenue for fiscal 2015 ended July 31, 2015.
Sales for the fourth quarter were a record $210,109, an increase of 200% from the immediately preceding third quarter of fiscal 2015 of $70,149. Total unaudited revenue for fiscal 2015 increased 424% to $453,788 as compared to $86,535 for fiscal 2014.
“With almost $500,000 of LFS scintillation crystals revenue generated in fiscal 2015, Zecotek Imaging Systems’ sales are gaining momentum and, so far, for fiscal 2016 we have confirmed orders for over $2.9 million,” said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. “The majority of LFS crystals sales are to PET medical devices OEMs. Sales are also made to research groups working on new generation scanners, high energy physics and security. In expectation to accelerating demand, our crystal manufacturer, the Beijing Opto-Electronics Technology Company (BOET), is expanding its operation three fold by adding additional crystal growing ovens to its operations. BOET is currently fulfilling orders and we are very pleased to be receiving the necessary high-quality end product from our manufacturing partner. Our customers are recognizing the value presented in the quality our products and we expect sales to continue to grow. The entire Imaging team is building on its hard work in achieving this important milestone to secure larger contracts and promoting the use of LFS in the Imaging industry.”
