3DIcon Expands Customer Pursuit Beyond Medical to Include Military Options for CSpace(R)
TULSA, Okla., March 16, 2010 (GLOBE NEWSWIRE) -- 3DIcon Corporation (OTCBB:TDCP), a developer of volumetric, three-dimension projection and display technologies, today announced that it has expanded its search for potential joint venture partners for its CSpace(R) flagship program from medical imaging to include various military applications.
"We've been focused on attracting potential users of CSpace across a wide spectrum of the medical field, with particular emphasis on MRI and fMRI," said Martin Keating, 3DIcon's CEO. "We now have the opportunity to provide a revolutionary 'seed' product for a myriad of military uses. There are dozens of applications, from the visualization of UAVs and aerial surveillance, homeland security, air, land, sea, and undersea missions, situational awareness, all types of realistic training through genuine-3D simulators, close contact training, improvised explosive device simulation and defense, intelligence analysis, virtual combat, urban training, non-line-of-sight launch systems, precision gunnery, registered traveler programs, and spares modeling."
3DIcon's licensing partner, Aria International Incorporated, is working to help establish military and related contacts. Michael "Bing" Crosby, president and CEO of Aria, said, "We believe that 3DIcon's technology has matured to the level that it's appropriate to introduce the company to the Defense market. The applications of this 3D visualization tool are endless, and we are beginning a number of coordinated introductions and demonstrations."
About 3DIcon Corporation
3DIcon Corporation is a developer of groundbreaking 3D projection and display technologies that are designed to produce full color, 360-degree volumetric images, the "Next Step" in 3D display technologies. The company recently completed a working prototype of its flagship technology, CSpace(R), a breakthrough in 3D imaging, along with concluding a key licensing agreement for the CSpace(R) technology. Earlier this month 3DIcon announced it had taken significant steps in the development of their CSpace(R) project, including the re-submittal of a proposal to the Department of Energy that aims to complete a high-resolution, full-color prototype over a six-month period. Last week the company received the second of two $75,000 installment advances on warrants under an existing agreement with Golden State Equity. The company has also launched its first software product, Pixel Precision(R), which targets the R&D market for developers using Texas Instruments' DLP(R) line of products. For more information, visit http://www.3dicon.net/.
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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.
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Released March 16, 2010