3DIcon Partners With SCHOTT Defense on Next-Generation 3D Display Technologies
March 13 2014 - 6:00AM
Marketwired
3DIcon Partners With SCHOTT Defense on Next-Generation 3D Display
Technologies
TULSA, OK--(Marketwired -
March 13, 2014) - 3DIcon Corporation (OTCQB: TDCP), a developer of three-dimensional
projection display technologies, today announced that it has
entered into a Joint Development Agreement (JDA) with SCHOTT
Defense, a federally focused subsidiary of SCHOTT North America,
Inc. ("SCHOTT"). The agreement encompasses both joint business
development and joint technology development activities.
3DIcon's CSpace® technology represents the next generation of 3D
display technologies, producing high-resolution, full-color, true
3D images. This display does not require special viewing aids or 3D
converting eyeglasses, does not cause viewer fatigue during
prolonged use, and is capable of producing translucent images for
viewing inside images. This technology goes beyond the capabilities
of current display methodologies and its application can have a
significant impact in federal government use, such as air traffic
control, cargo screening, tactical situational awareness,
geospatial exploration, medical diagnostic displays, and in
sensitive intelligence applications. Leveraging SCHOTT Defense's
long-time reputation as a leader in delivering high-quality
equipment to the federal government, 3DIcon will be able to
introduce the CSpace® technology solution to the entire gamut of
government requirements and mission needs.
3DIcon's patented CSpace® volumetric 3D display technology,
along with SCHOTT's specialty glass and optics technologies,
intellectual property, and expertise in delivering quality
equipment to the federal government, positions the team to develop
state-of-the-art displays across the entire spectrum of U.S.
government needs. 3DIcon, with SCHOTT Defense, is executing its
strategic vision to build a comprehensive interdisciplinary team
that aggressively positions itself, through expanded technology and
a depth and breadth of market knowledge, for enhanced access to
federal business and funding opportunities for continued
development of CSpace® technology.
"3DIcon's volumetric 3D display technology is a great fit for
the strategic direction of SCHOTT Defense," said Scott Custer,
President and CEO of SCHOTT Defense. "The technology provides us
with expanded access to new markets and customers within the
federal government as well as leverages the core strengths of
SCHOTT in specialty glasses and advanced optics. Working together,
our mutual efforts position us to successfully commercialize this
breakthrough technology."
Victor Keen, CEO of 3DIcon, added the following: "Our new
partnership with SCHOTT Defense represents a major step forward for
3DIcon in the implementation of our new strategy to collaborate
with larger companies that can provide us with complementary
technologies and capabilities as well as credible access to funding
sources within the U.S. federal government required to accelerate
the commercialization of our volumetric 3D display technology. We
look forward to a long and successful collaboration with
SCHOTT."
Doug Freitag, President of Bayside Materials Technology, a U.S.
federal government business development company that has been
working with both SCHOTT and 3DIcon, had this to say: "From the
beginning of my involvement with 3DIcon, the synergy and strategic
fit between these two companies was both obvious and compelling.
The 3DIcon 3D display technology is expected to deliver higher
performance at lower risk than most, if not all, of the 3D display
technologies that have received significant federal funding to
date. In addition to the applications within the federal government
that are based on 3D data captured via satellite, radar, sonar,
LIDAR, and other imaging systems, there also appear to be
significant opportunities for this technology to visualize big data
for multiple organizations within the Department of Defense and
civilian agencies."
About 3DIcon Corporation
3DIcon Corporation (the "Company", "3DIcon", "we", "us" or
"our") 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.
About SCHOTT Defense
SCHOTT has been supplying the U.S. defense market with
advanced technologies for over 40 years. The company's product
range, ready to serve the defense and security industries, includes
fiber optics, optical and filter glasses, glass and glass-ceramic
for armor, and hermetic packages for protecting sensitive
electronic components.
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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