Shares of Vancouver’s Zecotek Photonics (TSXV:ZMS OTCBB:ZMSPF), better known for its crystals used in positron emission tomography (PET) scanners, spiked today after the company announced it will employ its existing 3D display technology to enter the 3D printing space.
Zecotek is designing a printing interface platform between existing and future generations of 3D printers and its own patented 3D display technology. The company had used the technology to develop 3D displays that required no glasses. But management says the same technology will improve 3D printing because it can create a very realistic view of the solid object being created on a printer. It says the interface will give end users the ability to see a true 3D image throughout the design process, saving on time, material and cost.
“Zecotek`s 3D display technology creates significant advantages in the design process related to 3D printing,” said CEO Dr. A.F. Zerrouk.
A recent report from the Freedonia Group said the 3D printing market will be worth $5-billion by 2017. The report says that while professional uses such as design and prototyping will continue to account for most of the demand, rapid growth will come from consumer applications.
Zecotek says it will begin by contracting the production of 3D display units, then arrange a strategic partner to tackle mass production.
At press time, shares of Zecotek on the TSXV were up 12.5% to $.90.
Disclosure: Zecotek is an annual sponsor of Cantech Letter. Cantech Letter has published this article for information purposes only. The information contained herein does not constitute investment advice or advocate the purchase or sale of any of the securities mentioned.