Wholly owned subsidiary will focus on R&D,
partnering, and deployment of Lab-Grown Diamond solutions for the
SCOTTSDALE, Ariz., Nov. 9, 2023
/PRNewswire/ -- Adamas One Corp. (Nasdaq: JEWL) ("Adamas
One," "Adamas" or the "Company"), The Original Lab-Grown Diamond
Company™, a high-tech company that leverages proprietary technology
to produce high-quality, single-crystal, Lab-Grown Diamonds for
jewelry and diamond materials for technology and other industrial
uses, today announced the formation of its new wholly owned
subsidiary, Adamas Technologies.
Adamas Technologies will be responsible for research &
development, partnerships, and deployment of Lab-Grown
Diamond-based solutions for the technology industry. Lab-Grown
Diamonds' thermal conductivity and durability make them ideal for
use in semiconductor devices in the industrial and technology
sectors. Adamas' patented technology provides a significant
opportunity to address increasing demand from the semiconductor
"The formation of Adamas Technologies follows our recently
announced plans to increase our presence in the semiconductor
sector. We want to make sure that Adamas One is always in the
forefront of Lab-Grown Diamond utilization across industries. We
believe that our proprietary and patented technologies give us a
strong competitive advantage within the category, especially when
it come to the adaptation of Lab-Grown Diamonds in the technology
sector. It's clear that the remarkable properties of diamond
materials offer solutions to some very difficult industrial
problems" remarked Jay Grdina, the Adamas One Corp. CEO.
"Lab-Grown Diamonds offer the repeatability, consistency, and
reliability that both industry and technology applications demand
at a cost that will support market acceptance."
Mr. Gerald McGuire, COO of Adamas
One Corp., will lead the newly formed subsidiary. Mr. McGuire has
nearly 30 years of extensive experience in the semiconductor market
bringing innovative ICs and analog circuits to market.
"We are especially excited by the opportunities in the
semiconductor markets. There is a significant amount of activity
for the thermal and other properties of diamond to increase
efficiency and speed of leading-edge circuitry. Lab-Grown Diamonds
have recently entered cost, quality and manufacturability
points that enable their use in these applications. The Adamas
materials offer precise chemistry and manufacturability in
single-crystal diamond using our proprietary processes and
recipes," said Gerald McGuire.
"Lab-Grown Diamond use is new to these semiconductor applications,
and I look forward to our team's contributions as this market
emerges," McGuire added.
"The extraordinary physical properties of diamond have been
known for some time. Innovations enabled by the thermal
conductivity, carrier mobility and bandgap of diamonds are just
beginning," McGuire concluded.
About Adamas One Corp.
Adamas is a lab-grown diamond manufacturer that produces near
flawless single-crystal diamonds for gemstone and industrial
applications, in its facilities in Greenville, South Carolina. The Company holds
36 patents and uses its proprietary chemical vapor deposition (CVD)
to grow gem-sized and smaller diamond crystals. Adamas One™
lab-grown diamonds have the same physical, chemical and optical
properties as mined diamonds. The Company's controlled
manufacturing processes enables it to produce very high-quality,
high-purity, single-crystal colorless, near colorless and fancy
colored Type IIA diamonds to suit a variety of industrial and
gemstone applications. The Company intends to market and sell its
diamonds into the wholesale jewelry and industrial markets. For
more information, visit www.adamasone.com.
Not Mined. Not Fake. Just sped up perfection. ™
This press release may
include "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. To the extent that
the information presented in this press release discusses financial
projections, information, or expectations about our business plans,
results of operations, products or markets, or otherwise makes
statements about future events, such statements are
forward-looking. Such forward-looking statements can be identified
by the use of words such as "should", "may," "intends,"
"anticipates," "believes," "estimates," "projects," "forecasts,"
"expects," "plans," and "proposes." Although we believe that the
expectations reflected in these forward-looking statements are
based on reasonable assumptions, there are a number of risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. You are urged to carefully
review and consider any cautionary statements and other
disclosures, including the statements made under the heading "Risk
Factors" and elsewhere in documents that we file from time to time
with the Securities and Exchange Commission. Forward-looking
statements speak only as of the date of the document in which they
are contained, and Adamas One Corp. does not undertake any duty to
update any forward-looking statements except as may be required by
law. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release.
For more information contact:
Scott Arnold, Managing
516 222 2560
917 885 7378
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SOURCE Adamas One Corp