3DIcon Reports on First Steps in Initiating the Company's Pursuit
of Government Funding in Partnership With Schott Defense
TULSA, OK--(Marketwired -
May 29, 2014) - 3DIcon Corporation (OTCQB: TDCP), a developer of three-dimensional
projection display technologies, today provided a report on
its plans to seek federal funding as part of its Joint Development
Agreement (JDA) with Schott Defense, a world-class leader in the
development of specialty glass for display technology and other
uses.
The Company's Federal Funding expert consultant, Doug Freitag,
reported that the following agencies and projects were currently
being targeted for funding by the joint efforts of 3DIcon and
Schott.
The Defense Advanced Research Projects Agency (DARPA) invests in
game-changing technologies that enhance situational awareness and
battle management systems, mission training systems, materials
science, design and inspection tools, information science, and
unmanned autonomy operational capability. 3DIcon briefed DARPA
staff and potential industry partners at Proposers Day on May 14,
2014 on the potential application of CSpace to a new DARPA program
relating to in-cockpit automation.
The Advanced Research Projects Agency - Energy (ARPA-E) invests
in technologies that include the collection of energy-related data
and analysis of these data. As the volume and complexity of data
collected continues to grow, new technologies are being sought to
improve decision making. ARPA-E has issued a request for proposal
seeking new ideas for manufacturing technology that could be
enhanced with volumetric 3D display technology. 3Dicon will
respond to the proposal in partnership with Schott, submitting a
concept paper in June.
The National Geospatial-Intelligence Agency (NGA) invests in new
technologies that support their mission of timely, relevant, and
accurate geospatial intelligence in support of national security.
Automated Image and Geospatial Data Understanding is one of several
R&D priorities. 3DIcon is scheduled to brief NGA on the
collaboration with Schott and solicit its support for funding.
The Intelligence Advanced Research Projects Agency (IARPA)
Office of Incisive Analysis continues to solicit new ideas for data
visualization technologies. Prior to submission of a concept paper
to IARRA in June, 3DIcon will brief them on the collaboration with
Schott and the value of utilizing 3DIcon's CSpace technology in
analyzing imagery.
The National Institute of Health (NIH) has issued multiple
requests for proposals for the early stage development of
technologies in biomedical computing, informatics, and big data
science. Proposals are specifically being sought for advances in
the visualization of complex data sets and visualization methods to
improve decision-making, which could include 3D volumetric display.
A portion of the funding is set-aside for small
business. 3DIcon and Schott will be submitting a proposal in
June directed to this set-aside.
The US Air Force Research Lab invests in "Human Analyst
Augmentation" which includes research to improve human analytical
efficiency and enhance data exploitation. In a recent meeting with
the staff of Oklahoma Senator James M. Inhofe, 3DIcon and Schott
requested an increase to the investment being made by the US Air
Force in "Human Analyst Augmentation" and to direct this additional
investment to eyewear free volumetric 3D display
technology. 3DIcon is working with Senator Inhofe's office to
schedule a visit.
These projected targets would provide funding for the continued
development of CSpace, 3DIcon's proprietary technology, primarily
focused on the material necessary for the enlarged image space.
Mr. Freitag, observed that, in addition to the applications
within the federal government that are based on 3D data that is
being captured today via satellite, radar, sonar, LIDAR and other
imaging systems, there also are significant opportunities for this
technology for the visualization of "big data" within multiple
organizations within the Department of Defense and the civilian
agencies. Given that, there is a realistic and substantial
opportunity for the Company to secure funding from one or more of
the targets identified.
Scott Custer, President and CEO of Schott Defense, had this to
say: "Given the significant federal funding investment in 3D
display technology to date (e.g., Zebra Imaging and Ostendo),
3DIcon's eyeglass free 3D volumetric display technology provides
the next leap forward in display innovation, and is a natural next
step for federal agencies to support. The private public
partnership of federal funding from the sources we are pursuing
would serve to rapidly commercialize this breakthrough
technology."
CEO Victor Keen added: "I am extremely pleased that our JDA with
Schott, entered into only two months ago, has already resulted in
the identification of specific and promising targets for federal
funding that will be actively pursued by Schott and the Company in
the coming weeks and months."
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.
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 Judy Keating 918-494-0509
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