3DIcon Signs Facilities Use Agreement With OSU-Tulsa's Helmerich Research Center
- Advanced Materials and Nanoparticles Research Facility Now Available to 3DIcon
TULSA, Okla., March 23, 2011 (GLOBE NEWSWIRE) -- In a move to further advance its patented volumetric 3D projection technology, 3DIcon Corporation (OTCBB:TDCP) today announced it has signed a Facilities Use Agreement with Oklahoma State University-Tulsa's (OSU-Tulsa) Helmerich Research Center. 3DIcon will utilize the world-class technology facilities at the Helmerich Research Center for creating the next generation image space for CSpace®, 3DIcon's patented 3D volumetric technology.
3DIcon will utilize the facility's highly specialized equipment for the creation of an image space with enhanced brightness and resolution. The new image space will be significantly larger than the current prototype, yet transportable enough for use at trade shows and in meetings with potential commercial partners.
The Helmerich Research Center, a $43 million facility, funded through a county, state and private sector partnership, houses laboratories to develop the next generation of composites and materials. The center's overarching focus is on material science with four strategic research and technology development thrusts including nanotechnology, biosciences, energy and aerospace. When fully staffed, the 123,000-square-foot building will house up to 25 faculty and researchers and 100 graduate students. The research center contains specialized laboratories, a clean room, an imaging suite, advanced information technology equipment and faculty offices. Since opening in 2008, OSU researchers have already been successful in securing grants from several entities including NASA, the National Science Foundation and Oklahoma Center for the Advancement of Science and Technology.
"We are excited to make available the world-class resources of our Helmerich Research Center for 3DIcon's continued technology development. Supporting Oklahoma companies like 3DIcon to help launch industries that are leading and transforming technologies is one of the missions of the Helmerich Research Center," said Dr. Kenneth Ede, assistant dean of OSU's College of Engineering, Architecture and Technology.
Dr. Brian Hoover, 3DIcon's Vice President of Technology Development, added, "OSU's Helmerich Research Center provides the state-of-the-art tools needed to develop the next generation image space for 3D display. This agreement will assist us in reaching our next milestone in technology development on our path to commercialization."
About 3DIcon Corporation
3DIcon Corporation is a developer of groundbreaking 3D projection and display technologies that are designed to produce full color, high-resolution, 360-degree volumetric images, a development many consider to be the next step in 3D display technology. CSpace creates both dense and translucent images for use in mission critical functions including healthcare, security and defense. CSpace enables viewing inside organs, cargo containers, and baggage, as well as large scale terrain such as oceans and mountains, all of which are beyond the capabilities of other current display methodologies. The company also offers a software product, Pixel Precision®, which targets the R&D market for developers using Texas Instruments' DLP® line of products. For visualization of CSpace images please visit www.3dicon.net.
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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
Released March 23, 2011