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3DIcon Corporation (PINK SHEETS: TDCP), a development-stage communications technology company, announced today that it has extended its Sponsored Research Agreement (SRA) with the University of Oklahoma which modifies the performance period by OU and greatly expands the scope of the relationship in terms of total focus and funding. The new agreement now runs through March 31, 2010, and is worth $4,047,439 to the University, an increase from the $578,843 committed to OU under the first two phases of the SRA. The agreement encompasses both continuing and new research and development in three-dimensional display technologies and related areas, including relevant software. Funding will be provided by 3DIcon through a financing agreement with Golden Gate Investors of San Francisco, the terms of which were announced November 7, 2006.
"This extension builds upon the previous two-stage work done in conjunction with 3DIcon, namely our 'Investigation of Emerging Digital Holography Technologies' and 'Investigation of 3-Dimensional Display Technologies,'" said Dr. Jim Sluss, Morris R. Pitman professor and director of the School of Electrical and Computer Engineering in OU's College of Engineering and principal investigator for the 3DIcon SRA. "During this third-phase research and development period we expect to make additional, significant progress in the development of 3D display technologies. The areas of concentration include work with both swept-volume and volumetric display technologies including the application of nanomaterials to create vibrant, real-time systems."
Pursuant to its sponsored research agreement with 3DIcon, the University of Oklahoma has already filed four provisional patent applications and one utility patent application.
Martin Keating, 3DIcon's CEO, stated, "Our relationship with OU is increasingly productive and exciting. The researchers have exceeded our expectations. The expanded scope of the research and associated funding to the University is indicative of the progress we are making in the nascent field of 3D communications, and it opens many possible marketing opportunities for the Company."
About 3DIcon Corporation
3DIcon Corporation is a development-stage company whose mission is to create portable, and market full-color, 360-degree 3D technology. Through a sponsored research agreement with the University of Oklahoma, 3DIcon has obtained the worldwide marketing rights to certain 3D display technology under development by the University. This technology is designed to revolutionize or replace existing forms of electronic communications, including television, telephones, and personal computers. 3DIcon does not own any of the intellectual property being developed by the University of Oklahoma.
Safe Harbor Statement Under the Private Securities Litigation Act of 1995
With the exception of historical information, the matters discussed in this press 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. For further risk factors associated with 3DIcon, please review our filings with the Securities & Exchange Commission.
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3DIcon Corporation, Tulsa
Martin Keating, 918-492-5082
3DIcon Corporation, Dallas
Philip Suomu, 214-665-9438
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