FEBRUARY 26, 2008 -- Zecotek Laser Systems Singapore Pte Ltd., a wholly owned subsidiary of Zecotek Photonics Inc., has signed an agreement with Fujikura Ltd. Japan (search for Fujikura) to develop, manufacture, and commercialize Zecotek and Fujikura laser products, associated components, and systems, including Zecotek's crystal- and fiber-based lasers and Fujikura's infrared fiber lasers.
"Our immediate priorities are to begin the transfer to production of Zecotek's new and unique class of fiber lasers, which have received excellent response from the market, and to establish a joint development program for a next generation of infrared lasers," says Dr. Zerrouk, chairman, president, and chief executive officer of Zecotek.
Under the terms of the agreement, all intellectual property, products, and processes in the field of lasers and laser-related fiber technologies will be pooled into a joint development, manufacturing, and commercializing program. The pool that is created will be for the sole use of the said manufacturing program, with both parties retaining all their respective rights to any and all intellectual property and know-how initially brought into the collaboration. The companies will share in any jointly created intellectual property proportional to their relative contribution. The pool will initially comprise Zecotek's
solid-state and fiber-based lasers and Fujikura's newly developed infrared fiber lasers.
Fujikura has been appointed as the manufacturer. The agreement also includes a right of first refusal provision for Fujikura to acquire or take another form of equity position in Zecotek Laser Systems with terms to be mutually agreed upon.
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