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Technology Stocks : SI Diamond Technology (SIDT)

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To: George Sepetjian who wrote ()5/4/2000 2:37:00 PM
From: John Curtis  Read Replies (1) of 623
 
Here's what looks to be some VERY interesting news, courtesy of a Raging Bull threadster:

Here's more NEWS!!!

Thursday May 4, 1:02 pm Eastern Time
Company Press Release
SOURCE: SI Diamond Technology, Inc.
SI Diamond Announces Carbon Film Emission Breakthrough
AUSTIN, Texas, May 4 /PRNewswire/ -- SI Diamond Technology, Inc. (OTC Bulletin Board: SIDT - news) through its subsidiary, Field Emission Picture Element Technology, Inc. (FEPET), announced today that researchers succeeded in developing a consistent, repeatable process to deposit high quality electron emission carbon films on inexpensive and easily available stainless steel substrates. The carbon films deposited on this metallic substrate have emission site densities similar to previous samples (one million sites/cm2, see Press Release Nov. 30, 1999) and show consistent low threshold fields of less than 3 V/micrometer (consistent with lower than 50V operating voltage).

The significance of this result is that for the first time a repeatable and fully controlled process of depositing high quality electron emissive films was demonstrated on an inexpensive substrate (for more information visit our web site at www.carbontech.net). FEPET conceived and demonstrated the utilization of a metallic substrate for the cathode integrated with a transparent substrate for the anode. This breakthrough will accelerate the introduction and increase the utilization of carbon films for various FED applications.

``High quality carbon films are obtained at temperatures over 700 degrees Celsius. The successful deposition of high quality carbon films on metal substrates will further induce large display companies in the world to take an interest in our technology'', said Dr. Zvi Yaniv, President and Chief Operating Officer of SI Diamond Technology, Inc.

Safe Harbor Statement

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934, and is subject to the safe harbor created by those sections. The Company's actual results could differ materially from those projected in the forward-looking information. Future results may be impacted by risk factors listed from time to time in SIDT's SEC reports. SI Diamond Technology, Inc. disclaims any intent or obligation to update forward-looking information.

SI Diamond Technology is a holding company consisting of three operating subsidiaries. The wholly owned Field Emission Picture Element Technology, Inc. (FEPET) subsidiary is developing products for applications utilizing SIDT's proprietary field emission technology. The wholly owned Electronic Billboard Technology, Inc. (EBT) subsidiary is geared toward the commercialization of electronic digitized sign technology. Sign Builders of America, Inc. (SBOA), a wholly owned subsidiary of EBT is a manufacturer of high quality signage.
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I'll bow to the individuals more industry savvy than me, but to my laymanesque mind this looks like very good news. Could it explain a certain Asian trip recently completely by the CEO? ;-)

John~
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