News out this morning:
Can anyone give us an idea about what this might mean. It seems like something is breaking at last, but what are the realistic implications of this?
biz.yahoo.com
Tuesday May 5, 6:03 am Eastern Time
Company Press Release
SOURCE: SI Diamond Technology, Inc.
SI Diamond Subsidiary FEPET To Demonstrate Display
Technology Breakthrough
AUSTIN, Texas, May 5 /PRNewswire/ -- SI Diamond Technology, Inc. (OTC Bulletin Board:
SIDT - news) announced today that its Field Emission Picture Element Technology, Inc. (FEPET)
subsidiary will demonstrate a breakthrough in display technology on Thursday, May 14 in New
York. The company's new technology, the HyFED(TM) display, combines the best properties of
cathode ray tubes (CRTs) and field emission displays (FEDs) using diamond/carbon films.
This new technological development is a hybrid of CRTs and FEDs. The HyFED(TM) display
utilizes the existing CRT manufacturing base and achieves a high-quality thin display. Besides being
cost-competitive in the market with the CRTs of today, the HyFED(TM) display can be made
larger, brighter, and with higher resolution than conventional CRTs.
Company President and Chief Operating Officer Zvi Yaniv, Ph.D., and Chairman and Chief
Executive Officer Marc Eller, along with Ron Robinder, Ph.D., chief optical engineer for FEPET,
will demonstrate the HyFED(TM) concept and describe its technical and marketing impact.
''The HyFED(TM) concept strikes new ground in the battle for control of the video display market,''
says Barry Young, president and chief executive officer of DisplaySearch. ''The technology is in
essence a CRT, but it will be very thin and will reportedly overcome the size limits of the current tube
structure. While other flat panel display technologies are co-existing with the CRT, HyFED(TM),
which should have comparable performance and cost, is targeted at replacing the CRT.''
Safe Harbor Statement
This release contains forward-looking information. There are certain important factors that could
cause results to materially differ from those anticipated in the statements made above. These factors
include, but are not limited to, the future performance of SIDT's three operating subsidiaries, the
market size or commercial success of products utilizing SIDT's proprietary technologies, the
company's ability to finance its ongoing operations and worldwide economic conditions. Additional
information on these and other factors that could potentially affect the company's financial results
may be found in the company's filings with the Securities and Exchange Commission.
SI Diamond Technology is a holding company consisting of three subsidiaries. Its Diamond Tech
One subsidiary provides wafer bumping and other micro-interconnect services for the semiconductor
and display industries. The Field Emission Picture Element Technology subsidiary utilizes SIDT's
proprietary technology for the development of diamond films for use in flat panel displays -- the
display of the future. The Electronic Billboard Technology subsidiary is geared toward the
commercialization of electronic digitized sign technology.
SOURCE: SI Diamond Technology, Inc. |
