PALM BEACH, Florida, March 15, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Photonics products have attained greater traction in recent years due to their energy-saving capabilities and durability. These products are set to redefine the way we look at many day-to-day applications. Their environment-friendly nature which helps to keep carbon footprints in check, will be another factor augmenting the growth of the photonics market on a global platform. The global photonic crystals market, in terms of value, is estimated to witness growth at a CAGR of 8.5% between a period of 2017 though 2021. The increasing demand as well as growth rate for photonic crystals in the market is attributed to their growing usage in applications of optical fiber, LED, image sensors, and solar & photovoltaic (PV) cell, among others, in the industrial, aerospace & defense, life sciences & healthcare and other end-use industries. Active stocks today include: Zecotek Photonics Inc. (OTC: ZMSPF) (TSX-V: ZMS), Corning Incorporated (NYSE: GLW), NeoPhotonics Corporation (NYSE: NPTN), Nanometrics Incorporated (NASDAQ: NANO), Siemens Aktiengesellschaft (OTC: SIEGY).
Zecotek Photonics Inc. (OTC: ZMSPF) (TSXV: ZMS.V) BREAKING NEWS: Zecotek Photonics, a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets, is pleased to announce that it has signed a marketing and distribution agreement with the Shanghai Fortune Techgroup Co. Ltd., a China-based authorized distributor of integrated circuits and related optoelectronic products, to generate sales of its patented LFS crystals to customers in China.
"The Shanghai Fortune Techgroup is a well-established distributor of photonic technologies with customers in China and around the world, and we are very pleased that they will now include our patented LFS scintillation crystals on their product list," said Dr. A.F. Zerrouk, Chairman, President, and CEO of Zecotek Photonics Inc. "The partnership with the Fortune Techgroup was prompted by the recent equity investment into Zecotek Imaging China by a local investor, and it complements the existing relationship we have with the Shanghai EBO Optoelectronics Company. Zecotek will be able to leverage their broad networks and experienced sales teams both in and out of China. Furthermore, due to the size and the financial strength of the Fortune Techgroup, Zecotek will also be able to take advantage of more favorable payment terms which will improve cash flow and minimize customer payment risks. With better payment terms offered through distributers, crystal production and handling will be more finely tuned with improved efficiencies. We look forward to initiating production at our new facility and working closely with the Fortune Techgroup to sell our crystals."
Shanghai Fortune Techgroup Co. Ltd. is publicly traded on the Shenzhen Stock Exchange (300493.SZ) with a market cap of approximately $700 million and annual sales of $300 million (2016) from the distribution of a wide range of technical products and support services including integrated circuit application solutions to global customers. There is a natural synergy with Zecotek's LFS crystals and the other optoelectronic products currently distributed by Fortune Techgroup. Fortune group will aggressively market the LFS crystals through its broad sales networks in China and around the globe. Read this and more news for Zecotek Photonics at: http://www.marketnewsupdates.com/news/zms.html
In other industry developments of note:
Corning Incorporated (NYSE: GLW) is currently demonstrating its latest optical fiber innovation at the 2018 Optical Networking and Communication Conference & Exhibition in San Diego, California. Corning® TXF(TM) fiber enables high data-rate transmission over longer spans and extended reach for improved network flexibility and lower network cost. TXF fiber, an ultra-low loss, silica-core fiber with large effective area, is ITU-T G.654.E compliant, highlighting the industry`s recognition of the value that large effective-area fiber can bring to the terrestrial market.
NeoPhotonics Corporation (NYSE: NPTN), a leading designer and manufacturer of advanced hybrid photonic integrated circuit based modules and subsystems for bandwidth-intensive, high speed communications networks, also announced it is demonstrating its 64 Gbaud Coherent Optical Sub-Assembly (COSA) at the Optical Fiber Communication Conference and Exhibition in San Diego. The NeoPhotonics 64 Gbaud COSA is based on the same technology as its industry leading ICR product line and its recently introduced Coherent Driver Modulator (CDM) and integrates these two functions into a single compact package. The 64Gbaud COSA is designed to work with NeoPhotonics ultra-narrow linewidth external cavity Nano-ITLA to achieve high optical performance in a form factor compatible with coherent pluggable OSFP modules.
Nanometrics Incorporated (NASDAQ:NANO), a leading provider of advanced process control systems, last month announced that its IMPULSE®+ integrated metrology platform has been selected for high-volume process control at a leading-edge DRAM manufacturer. With this selection, the IMPULSE+ with NanoDiffract® software is providing insight for transistor, storage node, and interconnect advanced process control for sub-20nm DRAM devices. These systems will be deployed in conjunction with Atlas® III automated systems to provide a comprehensive fab-wide process control solution.
Siemens Aktiengesellschaft (OTC: SIEGY) News: At the 2018 HIMSS Annual Conference & Exhibition, Siemens Healthineers showcases new additions and updates to its Digital Ecosystem, an open and secured environment for healthcare stakeholders that houses a range of digital offerings from Siemens Healthineers and other partners based on shared healthcare data. Within the Siemens Healthineers cloud, different data sources can be integrated and processed, supporting a large variety of application types. To date, almost 2000 institutions from roughly 50 countries take part in the Digital Ecosystem, continuously feeding data into this platform to derive insights based on innovative applications and services. Siemens Healthineers leverages digitalized healthcare solutions like the Digital Ecosystem to cultivate the vast amounts of data produced through diagnostic images, laboratory results, and more enabling healthcare providers to address current healthcare challenges and provide value-based care to patients.
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