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3DIcon Outlines Federal Funding Strategy

TULSA, OK -- (Marketwired) -- 03/04/14 -- 3DIcon Corporation (OTCQB: TDCP), a developer of three-dimensional projection display technologies, today outlined its strategy for securing federal grant and contract funding over the next 12 months. Mr. Doug Freitag, 3DIcon's federal government business development executive, described the strategy as follows, "3DIcon will be pursuing funding opportunities that are part of the Federal Government's approximately $136 billion FY14 R&D budget and whenever possible take advantage of programs designed to help small business during the higher risk phases of technology commercialization. We intend to pursue these opportunities and effectively compete by forming interdisciplinary teams with potential strategic partners (large and small), academic and commercial laboratories, and system integrators providing integrated data visualization solutions. The principal targets for this strategy include: the Obama Administration's multi-agency priorities of advanced manufacturing and information technology (e.g., Big Data Research and Development Initiative with over $200 million annually); the DOD's priorities to reduce the cost of developing, testing, and manufacturing new weapon systems, enhance training and operation of autonomous systems and accelerate data-to-decisions; and FAA's ongoing priority to enhance air traffic control systems." According to Mr. Frietag, this process is already underway with the recent submission of a proposal to the US Army Night Vision and Electronic Sensors Directorate. Additional submissions are planned over the next 6 months approaching $10 million of requests for multi-year funding.

Victor Keen, CEO of 3DIcon, had this to say, "This type of funding is considered revenue that is non-dilutive to shareholders and has become a principal focus of our fundraising efforts, in combination with other longer term financing options currently being evaluated. The commercial and academic partnerships we are building in support of these federal funding opportunities will not only increase our likelihood of securing these funds but will also ensure that we will have the right interdisciplinary teams in place to complete the development and commercialization of our patented CSpace® volumetric 3D display technology."