3DIcon Wins 1st Place and $300K in Grant Competition
July 02 2013 - 6:00AM
Marketwired
TULSA, OK--(Marketwired - July
02, 2013) - 3DIcon Corporation (OTCQB: TDCP), a developer of
three-dimensional projection display technologies, today announced
that it has won first place and secured $300,000 in grant funding
in this year's Oklahoma Applied Research Support (OARS) competition
sponsored by the Oklahoma Center for the Advancement of Science and
Technology (OCAST).
3DIcon's CEO Mark Willner had this to say: "We thank the OCAST
team and the State of Oklahoma for this very prestigious award. We
intend to use the funds provided by this grant to support the
development of our first Product Platform which will be the basis
for a family of products based on our CSpace® volumetric 3D display
technology. We also thank the organizations that provided letters
of support, including: SRI International, Advanced Research
Chemical (based in Tulsa), the University of Oklahoma and Raytheon
Corporation."
Cornell Lee Cross II, the Associate Director for Programs at
OCAST, commented, "Of the 42 proposals submitted in the most recent
OARS funding cycle, the 3DIcon proposal was not only selected to
receive full funding, it received the highest ranking possible in
that funding cycle. Our independent third-party reviewers gave the
3DIcon proposal the highest ranking possible because the proposal
had 1) a very credible research & development plan; 2) a well
thought out commercialization plan that took into consideration
both supply chain and downstream value chain partnerships; and 3)
the huge positive potential of the business and its
corresponding impact on the state's economy."
Proposals that are submitted for funding under the OARS program
are reviewed and ranked by independent technical and business
experts throughout the U.S. Summary comments from the experts
that reviewed the 3DIcon proposal included: "A top notch program,
very, high payoff with moderate risk," and "The research is in a
fertile area for technology development," and "The topic is current
and the Federal government is funding considerable research in
related areas."
About 3DIcon
Corporation
3DIcon Corporation is a developer of projection 3D display
technologies. The Company's patented volumetric 3D display
technology, CSpace®, is being developed to produce 360-degree
viewable, high-resolution, color images, and is intended for use in
government and industrial applications such as air traffic control,
medical imaging, automotive & aerospace design, geological
visualization, weather visualization, battle space visualization,
and cargo / baggage / people scan visualization. The company also
sells a software product, Pixel Precision®, a simple-to-use image
creation / manipulation tool for engineers developing systems based
on 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 CorporationJudy Keating918-494-0509
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