SOURCE: 3DIcon Corporation, Inc.

January 27, 2010 12:08 ET

3DIcon Receives $150,000 Advance on Warrants Under Existing Financing Agreement With Golden State Equity to Develop Further Its Three-Dimension Technology

TULSA, OK--(Marketwire - January 27, 2010) - 3DIcon Corporation (OTCBB: TDCP), the developer of volumetric, three-dimension projection and display technologies, today announced that it has received the first of two $75,000 installments from Golden State Equity in San Francisco under a previous agreement to fund up to $13.5 million under several debenture and warrant instruments.

After extensive research, 3DIcon Corporation has developed the world's first true, 360°, three-dimensional, static volume display -- CSpace®. This achievement in volumetric 3D imaging overcomes the limitations of other approaches as it has no moving parts and requires no special viewing aids to see the projected images. Potential CSpace benefits also include a scalable projection space, high-resolution display, "sliceability" to zoom in and view cross sections, and high frame and refresh rates to represent better changing images and movement. Additionally, CSpace will be able to capture and translate data in real time, which can eliminate the delay inherent in today's imaging technologies. All of these capabilities provide a substantial advantage over current technologies.

CSpace promises to improve accuracy and decrease human error in practical 3D applications that were previously thought not to be achievable. By introducing CSpace to industries such as healthcare and security, CSpace can dramatically enhance mission-critical applications. The ability to view real-time 3D images should transform the way surgeons operate, for example, or the way field commanders move troops. In addition, air traffic controllers could use CSpace to visualize aircraft traffic in busy airspace corridors. Other opportunities include oil and gas exploration, entertainment and gaming, and advertising.

About 3DIcon Corporation

3DIcon Corporation (the "Company") is a developer of groundbreaking 3D projection and display technologies that are designed to produce full color, 360° volumetric images. The Company recently completed a working prototype of its flagship technology, CSpace®, a breakthrough in 3D imaging, along with concluding a key licensing agreement for the CSpace® technology. 3DIcon has also launched its first software product, Pixel Precision®, which targets the R&D market for developers using Texas Instruments' DLP® line of products. For more information, please visit www.3dicon.net.

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 Information

  • For media inquiries:
    Judy Keating
    3DIcon Corporation
    918-494-0505, extension 304

    For investor inquiries:
    3DIcon Corporation
    Investor Relations
    918-494-0505