News..this looks like the reason they elected to pay cash rather than convert for shares.
SI Diamond's FEPET Subsidiary Announces Proprietary Technical Breakthrough
New Process Advances Flat Panel Display Prototyping
AUSTIN, Texas, Feb. 10 /PRNewswire/ -- SI Diamond Technology, Inc.
(Nasdaq: SIDT) announced today that its subsidiary, Field Emission Picture
Element Technology, Inc. ("FEPET"), has achieved a major breakthrough with the
development of its process to pattern carbon films using normal
microelectronic processes without obstructing the electron emission qualities
of these films. This proprietary technical breakthrough will allow the
manufacturing of flat panel displays using carbon film as the cathode
emitters. The patterning will be particularly useful in the triode mode that
is necessary for matrix-addressed displays. This is the first time that
carbon film has been patterned with such great success and without obstructing
its electronic emission properties.
FEPET will use this breakthrough to further its field emission technology
projects for large screen display applications, which include the company's
collaborative efforts with ISE Electronics and Noritake Co., Inc.
"This is the result I was hoping for when I initially invested in this
company," said Marc W. Eller, chairman and chief executive officer of SI
Diamond. "The outstanding efforts and contributions of our dedicated
technical and scientific team are finally coming to fruition."
"This is a wonderful technological breakthrough," said Zvi Yaniv,
president and chief operating officer of the company. "Combining our high
quality carbon films having emission site density of over 250,000/cm2 with
this new process will allow us to further advance in prototyping various flat
panel displays utilizing our proprietary technology. Our team is working
beautifully in overcoming the barriers to developing successful field emission
devices."
SI Diamond Technology is a holding company consisting of three wholly
owned subsidiaries. SIDT's Diamond Tech One subsidiary provides wafer bumping
and other micro-interconnect services for the semi-conductor and display
industries. The Field Emission Picture Element Technology subsidiary is
developing products for applications utilizing SIDT's proprietary field
emission technology. The Electronic Billboard Technology subsidiary is geared
toward the commercialization of SIDT's digitized sign technology.
SOURCE SI Diamond Technology, Inc.
CONTACT: Sara Breuer, Corporate Communications Manager of SI
Diamond Technology, Inc., 512-250-2702; or Media & Investor
Relations: Jo Bandy, Vice President, or Greg Facktor, Director,
both of Market Pathways, 714-955-1860 |
