SOURCE: Centaurus Diamond Technologies Inc.

July 23, 2012 07:00 ET

UPDATE: Centaurus Diamond Technologies Provides Review of Its Patents, Including Its Apparatus for Machining and Semiconductor Devices

LAS VEGAS, NV--(Marketwire - Jul 23, 2012) - Centaurus Diamond Technologies Inc. (the "Company" or "Centaurus") (OTCBB: CTDTE) (OTCQB: CTDTE) is pleased to provide a review of its patents.

US Patent 7,854,823 entitled, "Synthesis of Diamond by Extraction of a Pulse Derived from the Abrupt Collapse of a Magnetic Field," was issued on December 21, 2010. This technology is a process for converting carbonaceous material into diamond, utilizing the compressive force derived from an abruptly collapsing magnetic field.

The Company conducted a series of tests before the technology was perfected to the point of a patent application. In 2006, a sample "cultured" diamond was sent to the Gemological Institute of America (GIA). The resultant report #14882271 confirmed the synthetic source as diamond after resubmission by an independent outside consultant.

Patent Number 5,254,237 entitled, "Plasma Arc Apparatus for Producing Diamond Semiconductor Devices," was issued on October 19, 1993.

The above developments led to the negotiations and execution of operator consultations, lease of equipment (without tooling) and use of facilities currently available in Rhode Island. The Centaurus team conducted a plant visit to Tabco Products Inc. on June 25 - 27, 2012 and signed an agreement on July 17, 2012 to commence Centaurus' diamond production process.

Centaurus' goal is to produce diamonds that have multiple industrial applications that can be used in machining and cutting tools, as thermal conductors for high power laser diodes and high power transistors. They can also be used as optical material to replace zinc selenide and as the output window of high power CO2 lasers and gyrotrons. Industrial diamonds are predominately used for their hardness and thermal conductivity, possessing four times the conductivity of copper. The gemological characteristics of gem-quality diamonds, such as clarity and color are largely irrelevant. That is why 80 percent of diamonds mined every year, or more than 100 million carats, are not suited for use in jewelry and are channeled for industrial use.

The diverse number of uses for synthetic diamonds presents an immense and exciting opportunity for us at Centaurus and we look forward to development of our patented process.

The Gemological Institute of America (GIA) is the world's foremost authority on diamonds, colored stones and pearls. GIA exists to protect all purchasers of gemstones, by providing the education, laboratory services, research and instruments needed to accurately and objectively determine gemstone quality. For more information on the GIA visit http://www.gia.edu

About Centaurus Diamond Technologies
Centaurus has been established to fully commercialize its proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company's patented technology enables the production of "cultured" diamonds that are chemically, atomically and structurally identical to natural diamonds. The Gemological Institute of America has tested the Company's "cultured" diamonds and has confirmed they are diamonds according to their testing protocols.

Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Centaurus Diamond Technologies, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact Information

  • For further information, please contact:
    American Capital Ventures
    Tel: 1-305-918-7000