The Company is focused on the development and commercialization of its CSpace® volumetric 3D display technology that is initially intended for use in government and industrial applications like air traffic control, homeland security, medical imaging, and oil & gas exploration. This transaction will enable 3DIcon to direct more of its future cash flow to CSpace® business and technical development while, at the same time, strengthen 3DIcon's balance sheet. The Company believes that these benefits will, in turn, provide greater confidence to potential strategic partners and customers. By eliminating most past due payment obligations, this transaction will enable the Company to spend more of its future cash flow on CSpace® research and development, which could decrease the time-to-market for this potentially breakthrough technology. This transaction will help support investments in equipment, software and materials.
"I would like to thank IBC for their confidence in 3DIcon and we look forward to working with them in the future," said
"We are impressed with what Mark and the team at 3DIcon have accomplished so far and we are delighted to be able to provide the Company with the capability to accelerate their efforts with this exciting technology," commented
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 CorporationJudy Keating918-494-0509