SOURCE: sp3 Diamond Technologies

sp3 Diamond Technologies

February 07, 2012 08:00 ET

sp3 Diamond Technologies Experiences 73 Percent Revenue Growth in 2011

Company Sees Strong Adoption of HF CVD Reactor Technology, Expands Into Larger Headquarters

SANTA CLARA, CA--(Marketwire - Feb 7, 2012) - sp3 Diamond Technologies, Inc. (sp3), a leading supplier of diamond products, deposition equipment and services, today announced that it saw a three-fold rise in shipments of its hot filament chemical vapor deposition (HF CVD) reactors and a 73 percent increase in revenue growth over the previous year. The company's growth drove the relocation of its headquarters to a larger facility in order to enhance its targeted wear products and wafer scale diamond development and production capabilities.

"We are at the tipping point where semiconductor and MEMS manufacturers, as well as suppliers to these and other key industries, are clearly capitalizing on the value diamond is able to bring to their businesses," said Dwain Aidala, president and COO of sp3 Diamond Technologies. "Diamond films provide an effective solution for CMP, MEMS, cutting tools, electrodes, thermal management and other manufacturing applications. We anticipate continued growth well into 2013 based on the accelerating adoption of diamond films and our free-standing diamond products such as DiaTherm™."

The company's new headquarters, located in Santa Clara, California, will facilitate development and production capacity expansion in high-growth application areas, particularly semiconductor manufacturing and wear products. sp3's CVD diamond coatings offer longer life for a wide range of material applications due to the superlative properties of diamond, including stiffness, chemical inertness, thermal conductivity, hardness and strength. These vastly improved material properties, combined with sp3's cost-effective deposition equipment, result in higher performance and lower costs for manufacturers.

"Our new facility's expanded production and research capabilities allow us to bring a broader portfolio of CVD diamond technologies to market," said Aidala. "Further, we have established strong relationships with local distributors around the world, including China, Japan, Korea and Taiwan to ensure the industry's best support and facilitate the implementation of diamond film deposition."

sp3 Diamond Technologies, Inc.
Founded in 1993 and based in Santa Clara, California, USA, sp3 Diamond Technologies, Inc. is a subsidiary of sp3 Inc., a full service provider of products and services relating to thin film and freestanding diamond deposition and other diamond materials. sp3 Diamond Technologies provides diamond products for advanced thermal applications, diamond coating and material services, hot filament CVD reactors, and deposition consulting services.

For more information about the company and its products and services please visit www.sp3diamondtech.com.

Contact Information

  • Company Contact:
    Dwain Aidala
    sp3 Diamond Technologies, Inc.
    t: +1-408-492-0630
    e: Email Contact

    Press Contact:
    Amy Smith
    Impress Labs
    t: +1-401-369-9266
    e: Email Contact