First OCAST
3DIcon to Receive Additional Funding from OCAST for CSpace®
3DIcon to Receive Additional Funding from OCAST for CSpace® Technology
Research
“No deficiencies or concerns; project highly viable”
Business Wire
TULSA, Okla. -- December 15, 2009
3DIcon Corporation (OTCBB: TDCP), the developer of true volumetric,
three-dimension projection and display technologies, today announced that the
Oklahoma Center for the Advancement of Science and Technology (OCAST) has
completed a performance evaluation of 3DIcon’s 2009 CSpace® development
efforts which are being conducted under a $149,940 OCAST award. OCAST’s
favorable appraisal clears the way for 3DIcon to receive an additional grant
of $149,992 during 2010, bringing the two-year total to $299,932.
Dr. Hakki Refai, 3DIcon’s chief technology officer, said, “The evaluation
encompassed ten areas of research progress and ten areas of business
financial/economic impact. 3DIcon received several ‘excellent’ ratings,
including this conclusion: ‘No deficiencies or concerns; project highly
viable.’ We are extremely pleased with OCAST’s report.”
The Oklahoma Center for the Advancement of Science and Technology is a state
agency established to foster innovation in existing and developing businesses
in Oklahoma. OCAST’s funding comes from general revenue appropriated by the
legislature each year.
“It’s an honor for us to receive OCAST’s continuing support in our effort to
develop a true volumetric 3D display,” said Martin Keating, 3DIcon’s chairman
and CEO. “What we’re doing could revolutionize research and applications in
multiple fields and become a major new industry.”
CSpace®, 3DIcon’s breakthrough 3D imaging technology, was featured this fall
at the 2009 SPIE Europe Security + Defense Symposium, held in Berlin, Germany.
Dr. Refai’s technical paper about CSpace®, “Static Volumetric
Three-Dimensional Display,” was published in the October, 2009, issue of The
Journal of Display Technology. It is available on 3DIcon’s website at
www.3dicon.net/technology/cspace.
About 3DIcon Corporation
3DIcon Corporation (the “Company”) is a developer of groundbreaking 3D
projection and display technologies that are designed to produce full color,
360° volumetric images. The Company recently completed a working prototype of
its flagship technology, CSpace®, a breakthrough in 3D imaging, along
with concluding a key licensing agreement for the CSpace® technology. 3DIcon
has also launched its first software product, Pixel Precision®, which targets
the R&D market for developers using Texas Instruments' DLP® line of products.
For more information, please visit www.3dicon.net.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION ACT OF 1995
With the exception of historical information, the matters discussed in this
news release are forward-looking statements that involve a number of risks and
uncertainties. The actual future results of 3DIcon could differ significantly
from those statements. Factors that could cause actual results to differ
materially include risks and uncertainties such as the inability to finance
the company's operations, inability to hire and retain qualified personnel,
and changes in the general economic climate. In some cases, you can identify
forward-looking statements by terminology such as "may," "will," "should,"
"expect," "plan," "anticipate," "believe," "estimate," "predict," "potential"
or "continue," the negative of such terms, or other comparable terminology.
These statements are only predictions. Although we believe that the
expectations reflected in the forward-looking statements are reasonable, such
statements should not be regarded as a representation by 3DIcon, or any other
person, that such forward-looking statements will be achieved. We undertake no
duty to update any of the forward-looking statements, whether as a result of
new information, future events or otherwise. In light of the foregoing,
readers are cautioned not to place undue reliance on such forward-looking
statements.
Contact:
3DIcon Corporation
For media inquiries:
Judy Keating, 918-494-0505, extension 304
or
For investor inquiries:
Investor Relations, 918-494-0505
