Zecotek Photonics Inc (TSX-V: ZMS, developer of photonics technologies for medical, industrial and scientific markets, said it has received another grant payment under the previously announced Government of Singapore Economic Development Board's (EDB) research incentive scheme for Companies.
The payments cover a portion of Zecotek's operational expenses in research and development and under the terms of the agreement, grant details remain confidential.
The group moved its operations to Singapore in 2006 with the full encouragement and invitation of EDB. Zecotek chairman and CEO A F Zerrouk said: "The EDB team has demonstrated their continuing and enthusiastic support to our efforts, and we are extremely pleased with the outcome of the grant process. We look forward to the continuing support from the EDB team as we complete our PET/MRI program and bring new laser and crystal products through development and into manufacturing."
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