3DIcon and ARIA International Sign MOU For Licensing CSpace™ 3D Imaging Technology in Military and Homeland Security Applications
October 24th, 2008 Leave a comment Visited 21 times, 2 so far today
3DIcon Corporation (OTCBB: TDCP), a development-stage technology company, announced today it has signed a Memorandum of Understanding (MOU) with ARIA International Incorporated to license 3DIcon’s CSpace™ three-dimensional imaging technology in select military and homeland security applications.
ARIA International is a premier provider of special surveillance and communications solutions, providing leading edge technologies to worldwide military, government agencies, homeland security and system integration markets. ARIA’s clients include the United States Marine Corps, Northrop Grumman, Blackwater, Rapiscan Systems, the United Arab Emirates Air Force, the Kuwaiti Ministry of Interior, and the Indian Ministry of Interior. ARIA has ongoing relationships with a number of national and defense department laboratories including: Department of Homeland Security Science and Technology Division; US Marine Corp War Fighting Laboratory; Office of Naval Research; Defense Advanced Research Projects Agency; Los Alamos National Laboratory; US Air Force Research Laboratory; US Marine Corp Systems Command; and US Naval Flight Test Center Pawtuxet River.
3DIcon and ARIA have agreed in principle to the terms of a licensing agreement and have begun work on the projects outlined in the MOU while they conclude a definitive licensing agreement, which is expected by the end of November. The parties have agreed that ARIA will license the exclusive rights to CSpace applications in three categories: 1) cargo scanning; 2) baggage scanning at airports; and 3) command and control systems for the military. ARIA intends to integrate CSpace into its cargo scanning technologies currently in development and those that are in operations today. ARIA plans to introduce collaboratively the CSpace technology with Decision Sciences Corporation which is developing the first passive scanning system in conjunction with Los Alamos National Laboratory. The license terms grant ARIA the exclusive right to sub-license CSpace in baggage scanning at airports and command and control systems for the military.
The terms of the licensing agreement also allow ARIA to develop or introduce 3DIcon’s CSpace technology to various national laboratories for the purposes of either establishing Cooperative Research and Development Agreements (CRADA) or supporting any research agreements that are currently in place between ARIA and the national labs.
“We are very well aware of the 3D imaging systems in development worldwide. 3DIcon’s CSpace is the most flexible, scalable, and elegant design we’ve seen. We’re excited about its applications in homeland security and military applications,” stated ARIA International president and CEO Mike Crosby. “We believe that cargo scanning alone is potentially a multi-billion dollar market.”
“We were looking forward to the first quarter of 2009 to fashion our first licensing agreement. We are coming in ahead of schedule,” said Martin Keating, 3DIcon chairman and CEO. “We continue to explore licensing opportunities with leading companies in other industries.”
“We had stated previously that mission critical applications such as military and defense would likely be the first areas in which our technology would be used. This is exactly what’s happened,” stated Vivek Bhaman, 3DIcon’s president and COO. “As we continue to hit our technology development milestones, an increasing number of licensing opportunities will open up to us.”
ARIA is coordinating a development effort with Decision Sciences Corporation (DSC) and VT Group Ltd in the UK which are developing the first cargo scanning technology based upon the science of MUON Tomography. DSC currently has a CRADA with Los Alamos National Laboratory and owns the rights to all applications of MUON Tomography that the two develop. The team’s flagship technology, Guardian MT™, is a passive cargo scanning system engineered to detect accurately shielded nuclear threats and to identify anything within the confines of a shipping container. Guardian MT produces 3D data that is currently displayed in a 2D format. When combined with 3DIcon’s CSpace technology, any scanning system will be able to display the contents of cargo containers in true 3D, significantly reducing the time required and improving the accuracy of detection and identification of possible nuclear threats.
There are currently more than 48 million cargo containers in use worldwide, with eleven million entering the U.S. annually. The U.S. government has mandated that by 2012, one-hundred percent of cargo containers entering the United States must be scanned.
3DIcon has recently announced an historic breakthrough in the development of 3D display technologies with the invention of a working prototype of its proprietary 3D display system CSpace™. The CSpace display technology is capable of rendering high resolution, 360-degree, three-dimensional images without any viewing aids. CSpace is the first system of its kind that has no mechanical moving parts and is also scalable.
About ARIA International Incorporated
ARIA International is a premier provider of special surveillance and communications solutions, providing leading edge technologies to worldwide military, government agencies, homeland security and system integration markets. ARIA was incorporated in the state of Virginia in 2003 and is a Service Disabled Veteran Owned (SDVO) business. By law, the U.S. government must provide 30% of all contracts to SDVO businesses by the year 2009.
About 3DIcon Corporation
3DIcon Corporation is a developer of groundbreaking 3D projection and display technologies that are being designed to produce full color, 360-degree volumetric images. Through its sponsored research agreement with the University of Oklahoma, 3DIcon owns the exclusive worldwide marketing rights to all 3D intellectual properties developed or under development under the SRA. 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, one 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.
Contacts
3DIcon Corporation
Investor Relations
Dilek Mir, 310-591-5619
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