3DIcon Corporation (Ticker: TDCP.OB)
6804 South Canton Avenue
Suite 150
Tulsa, OK 74136
Phone: 918-494-0505
Investor Relations Contact: Judy Keating, Tel: 918-494-0505
Transfer Agent: Continental Stock Transfer and Trust Company, Tel: 212-509-4000
3DIcon is a developer of groundbreaking 3D projection and display technologies that are being designed to produce full color, 360 degree volumetric images. The company's mission is to surpass current 3D technologies by creating true-to-life 3D images that occupy a 3D space and appear solid as viewed from any angle without any special viewing aids. The commercial applications for 3D imaging technologies are projected to approach a market size of well over $1 billion by 2011.
The company recently achieved an historic breakthrough in the development of 3D display technologies with the invention of a working prototype of its proprietary 3D display system CSpace®. CSpace® renders 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.
Following achievement of its prototype, 3DIcon signed its first licensing agreement with defense contractor ARIA International Incorporated to license 3DIcon's CSpace® 3D imaging technology in select military and homeland security applications. This is the first of many licensing agreements 3DIcon intends to pursue in its commercialization strategy for CSpace®.
3DIcon has also recently launched Pixel Precision®, a software product that targets the R&D market for developers using Texas Instruments' DLP line of products.
INVESTMENT CATALYSTS
Research and Development Partnership with University of Oklahoma
3DIcon has a Sponsored Research Agreement (SRA) with the University of Oklahoma (OU), whereby 3DIcon's technologies are being developed by leading researchers and scientists in multiple disciplines on two campuses. 3DIcon has the exclusive worldwide rights to technologies developed under the auspices of the SRA. On December 1, 2010, 3DIcon and OU entered into a material definitive agreement whereby OU converted all sums due to it by the company into stock. This agreement amounted to OU owning approximately 8% (or 59,000,000 shares) of 3DIcon.
Facilities Use Agreement with Oklahoma State University's Helmerich Research Center
3DIcon has signed a Facilities Use Agreement with Oklahoma State University-Tulsa's Helmerich Research Center, whereby 3DIcon will utilize the center's world-class technology facilities to create the next generation image space for CSpace. The new image space will feature enhanced brightness and resolution as well as be larger than the current prototype, but will also be transportable for use at trade shows and meetings with potential commercial partners.
CSpace®
The CSpace Volumetric Imaging System (static volume display technology) is the company's flagship technology that is being rapidly developed. On December 21, 2010, 3DIcon announced OU was awarded patent 7,858,913 for CSpace. CSpace uses a clear volumetric image space within which invisible nano-size up-conversion material is dispersed. A volumetric 3D image is rendered when invisible laser beams are precisely directed into the image space, exciting the nano-materials to emit visible light and thus display a full color, volumetric image. CSpace does not require viewing aids or glasses, does not cause viewer fatigue during prolonged use, and is capable of producing translucent images for viewing the inside of images, such as human organ, cargo containers, baggage, ocean or terrain features, or troop carriers, all of which are beyond the capabilities of other current display methodologies. CSpace is pure, static 3D display that doesn't require mechanical rotational movement and has the potential to generate 3D images with a resolution up to 800 million voxels -- eight times that achieved by a typical mechanical swept-volume display.
CSpace has a wide market for potential applications in such fields as medical imaging (CT, MRI, dental), baggage and cargo scanning, military performance-mission planning, tactical awareness, decision support, and post engagement assessment-engineering and geospatial exploration, education and training applications, entertainment applications (video games), air traffic control systems, space transportation systems, and earth science research. For example, CSpace provides volume rendering of the surface and the interior of any human organ, which could increase the effectiveness of real-time imaging systems such as fMRI that are central to future medical care and research (prototype image of human rib cage). Other types of displays, such as holographic displays, can render objects but are unable to show an interior view; those displays would not be effective in applications that require rendering of object interiors such as medical images, cargo scanning for homeland security, and others.
Learn more about CSpace at: http://www.3dicon.net/patents/cspace
Pixel Precision®
3D Icon launched its first product, Pixel Precision®, which targets the research and development market for Texas Instruments' DLP® technology. The provisional patent application covering Pixel Precision® was filed on January 29, 2007. Pixel Precision® emerged as a by-product of the research conducted on its core 3D technologies. Sales channels for the product include software distributors as well as direct sales by 3DIcon. 3DIcon's new product is expected to address the needs of a market that includes projection and display manufacturers that design, manufacture, and market products based on DLP® technology. In addition to digital TV, DLP® technology is also being used in several emerging applications like 3D metrology, confocal microscopy, holographic data storage, scanning, and other advanced imaging and visualization applications. Learn more about Pixel Precision at: http://www.pixelprecision.net/
$1 Billion Market by 2011
According to Insight Media, the market for 3D display technologies is currently estimated at $600 million for products currently on the market, most of which require viewing aids and utilize a 2D screen. As technology advances the market is expected to reach over $1 billion by 2011.
CSPACE PROTOTYPE IMAGES
Human Rib Cage as seen thru CSpace Display at 60 slices. Heart and Man as seen thru CSpace Display at 45 slices. Image originally
Lungs were filtered out. Image originally published in "3D Visualization published in "Improving Resolution and Image Space in a Static
of Medical Imaging Using Static Volumetric Display" by Dr. Hakki Refai Volumetric 3D Display" by Dr. Hakki Refai in December 2010.
in March 2010.
Single aircraft as seen thru CSpace Display. Image originally published in Multiple aircraft approaching runway as seen thru CSpace Display. Image originally
"3D Images Using CSpace Display for Air Traffic Control Applications" published in "3D Images Using CSpace Display for Air Traffic Control Applications"
by Dr. Hakki Refai in April 2011. by Dr. Hakki Refai in April 2011.
TECHNOLOGY TEAM
Dr. Hakki Refai
Chief Technology Officer
Dr. Hakki Refai overseas all of 3DIcon's research and development both in-house as well at the University of Oklahoma (OU) under its SRA with 3DIcon. Dr. Refai is an award winning scientist and the inventor of Pixel Precision® and 3DIcon's groundbreaking CSpace® 3D imaging technology. He is also an Affiliate Assistant Professor at the Electrical and Computer Engineering department of OU in Tulsa. Prior to joining 3DIcon as its CTO, he was a Senior Research Scientist in the School of Electrical and Computer Engineering, Telecommunications Engineering Program, at OU. He has more than five years experience leading the design, manufacturing, and marketing of advanced electronic devices before obtaining his Ph.D. and Master degrees in the Electrical and Computer Engineering from the University of Oklahoma in 2005 and 2002, respectively. Dr. Refai has authored and coauthored many journal and conference publications, and has served on the program committee of Atmospheric Laser Propagation III and IV, SPIE Defense and Security Symposium held in 2006 and 2007. He is a member of the IEEE, the SPIE, the OSA, and the SID.
Dr. Brian Hoover
Vice President, Technology Development
Dr. Hoover oversees the integration of technologies and resources in the development and commercialization of 3DIcon's CSpace® 3D imaging technology. He works closely with Dr. Hakki Refai and the whole 3DIcon technology team to set and achieve technical milestones.
He is an expert in advanced optics and materials. Having received his Ph.D. in electrical engineering and optics from the University of Michigan, Ann Arbor, Dr. Hoover studied with Prof. Emmett Leith, considered the founder of modern holography. Dr. Hoover has authored or co-authored more than fifteen papers published in scientific journals on the topics of optics and materials. He received his B.Sc. in physics with a minor in mathematics from the University of Houston, Houston, Texas and studied organic chemistry at the University of Pittsburgh, Pittsburgh, Pennsylvania. Dr. Hoover is founder, CEO, and Senior Scientist of Albuquerque-based Advanced Optical Technologies (AOT), which conducts research and development on a range of topics in physical optics, including laser metrology, material characterization, nanotechnology, and remote sensing based on advanced techniques in laser scattering and polarimetry, as well as syntheses of polymer photonic and biomedical devices. AOT is a prime Department of Defense contractor supporting the U.S. Air Force and Army. Prior to founding AOT, Dr. Hoover served as Optical Scientist at Applied Technology Associates and Advanced Technology Engineer in fiber telecommunications at Celeste Optics. He was Postdoctoral Fellow and Research Assistant in the fields of photonics, optics, and polymer films at the University of Michigan and University of Houston.
Dr. James Sluss
Principal Investigator
Dr. Sluss leads the overall research work for the 3DIcon SRA. Dr. Sluss is the Morris R. Pitman Professor and Director of the School of Electrical and Computer Engineering at OU. He has been awarded seven U.S. patents, has authored/co-authored numerous journal and conference publications, and has been principal/co-principal investigator on over $11 million in sponsored research grants and contracts. He received his B.S in Physics in 1984 from Marshall University, and his M.S. and Ph.D. in Electrical Engineering in 1986 and 1989, respectively, from the University of Virginia. His current research areas are in three-dimensional displays, optical communications, photonics, and intelligent transportation systems. Dr. Sluss has received honors and awards for his work for Digital Avionics and NASA among other accolades. Dr. Sluss is a member of the Institute of Electrical and Electronics Engineers (IEEE), IEEE Education Society, IEEE Communications Society, Optical Society of America (OSA), International Society for Optical Engineering (SPIE), and American Society of Engineering Educators (ASEE). He presently serves as Treasurer of the IEEE Education Society.
TECHNICAL ADVISORY BOARD
Vivek Bhaman
Chairman of Technical Advisory Board
As President and COO of 3DIcon from 2007 through 2009, Mr. Bhaman helped lead the company into new strategic milestones including listing 3DIcon as a fully reporting company on the OTCBB market, completing Phase I of 3DIcon's SVD technology, as well as the introduction of the company's first commercial product, Pixel Precision™.
Mr. Bhaman has been at the forefront of introducing new technologies and products to markets across the world. His spectrum includes consumer and business technologies such as cell phones and secure e-commerce transaction systems. At Verifone and Hewlett Packard, he was responsible for launching and managing the Asia-Pacific operations of the Electronic Commerce division. He has held leadership positions with global media giants Omnicom Group and Interpublic Group. For more than 15 years, Mr. Bhaman has successfully led startup and marketing operations for an enterprise-software technology company, including its acquisition of marquee customers Walt Disney, Southern California Edison, and Freeman Group.
He holds an MBA with specializations in Marketing and Finance as well as a Bachelors Degree in Engineering.
Dr. Thomas W. Allen
Director of Medical and Educational Applications and Director of Corporate Wellness
Dr. Allen brings to the organization over 40 years of experience medical practice, medical education and medical research. He is certified in internal medicine, pulmonary medicine and sports medicine. Currently a Clinical Professor of Family and Sports Medicine at the University of Oklahoma College of Medicine in Tulsa, he recently retired as Vice president and Dean of Osteopathic Medicine at the Oklahoma State University Center for Health Sciences. While at Oklahoma State University, he established the nation's first medical school based telemedicine center and was appointed the first Southwestern Bell Professor of Telemedicine. Dr. Allen served for 17 years in the US Army Reserve achieving the rank of Colonel. While serving in the USAR medical corps, he developed expertise in the recognition and treatment of chemical and biological casualties and disaster response. He is currently enrolled in the MPH program at the University of Oklahoma College of Public Health in the Domestic Preparedness and Terrorism Track. He is widely published in the areas of medical practice, medical education, health and wellness, and sports medicine. Dr. Allen received his BA degree from Ottawa University, Ottawa, Kansa and his DO degree from Midwestern University, Chicago. His completed his graduate medical education at Northwestern University, also in Chicago.
Dr. Pradeep Sen
Dr. Pradeep Sen is a computer graphics specialist with expertise in image rendering and synthesis, including algorithms and hardware. His contributions to 3DIcon include assistance in enabling real-time interactive imaging on CSpace®. Dr. Sen is co-founder of the Advanced Graphics Lab at the Department of Electrical & Computer Engineering, University of New Mexico, where he serves as Assistant Professor. The Advanced Graphics Lab is dedicated to research in computer graphics, visualization, imaging, and computer vision. Dr. Sen has conducted research on graphics and optics as a Principal Investigator on fire research grant awards totaling $1.2 million from agencies including the National Science Foundation and Sandia National Laboratories. He has published in 17 peer reviewed journals and conference publications. Dr. Sen holds a PhD from the renowned computer graphics department at Stanford University.
MANAGEMENT
Sid Aroesty
Chief Executive Officer
Mr. Aroesty served in several senior management roles including President, COO, and Board Member from 1984 to 2006 at Diagnostic Products Corporation, a New York Stock Exchange-listed medical technology firm, which under his leadership grew to $450 million in revenues. It was sold to Siemens Healthcare for $1.87 billion in 2006. He played a key role in establishing a worldwide distribution network for the company's products which led to Diagnostic Products Corporation being listed several times by both Forbes Magazine and Business Week Magazine as one of the "Top 100 Growth Companies" and one of the "200 Best Small Companies in the U.S."
Following the acquisition of Diagnostic Products Corporation, Mr. Aroesty took the COO position at the Siemens division that acquired Diagnostic Products Corporation. At both companies he directed all operating activities including R&D, quality control, and regulatory affairs.
Mr. Aroesty has served on the Trustee's Council of the University of Rochester and sat as a Member of the Visiting Committee at the School of Engineering and Applied Sciences at the University of Rochester.
Judith F. Keating
Corporate Secretary
After attending Bartlesville Business College at Wesley, Judith (Judy) Keating started her professional career with Public Accounting. Over the next ten years she became an employee in whom the firms put implicit trust - leading up to the point where she oversaw the due diligence for their mergers and acquisition of other firms. Thereafter, she decided to start her own insurance business, which she grew with her partner over the next decade to a flourishing operation with about 50 agents and offices in Tulsa and Oklahoma City. Subsequently, she has managed the office operations for Public Accounting firms, American Airlines as well as helped companies set-up and streamline their operations. What sets Judy apart is her ability to relate to people and motivate them to reach greater heights. She has been working with 3DIcon full time since 2004. When it comes to matters pertaining to investors and shareholder, she has built the most amazing relationships - from knowing our early shareholders personally, to the folks at S&P! Judy is the critical cog that keeps the wheels of 3DIcon turning smoothly.
BOARD OF DIRECTORS
John O'Connor
Board Member
Mr. O'Connor is Chairman of the Board of the Tulsa law firm of Newton, O'Connor, Turner & Ketchum. He has practiced law in Tulsa since 1981, concentrating in the areas of corporate and commercial law. Mr. O'Connor has served two terms on the board of the Oklahoma Bar Association-Young Lawyers Division, and he has served on several committees of the Tulsa County Bar Association. He is a former member of the Oklahoma Academy of Mediators and Arbitrators, and has served as a Barrister in The Council Oak American Inn of Court. Mr. O'Connor is a regular presenter at continuing legal education seminars sponsored by the Oklahoma Bar Association and the University of Tulsa College of Law. Mr. O'Connor is a member of the American Bar Association, the Oklahoma Bar Association, and the Tulsa County Bar Association. He is admitted to practice before the federal and state courts in Oklahoma and the U.S. Tax Court. He is a member of the Cherokee Nation Bar Association. Mr. O'Connor received his law degree from the University of Tulsa College of Law and his BA in political science from Oklahoma State University. He studied international law at the Friedreich Wilhelm Rheinische Universtat in Bonn, Germany.
Victor Keen
Board Member, Chair of Compensation Committee
Mr. Keen is a significant shareholder in 3DIcon and has recently joined its board. Mr. Keen is a graduate of Harvard Law School and Trinity College. Until recently he was the chair of the Tax Practice Group at Duane Morris, LLP, one of the 100 largest law firms in the U.S. with more than 600 attorneys. Mr. Keen has become Of Counsel to the firm and devotes the majority of his time to his board memberships as well as real estate investments in New York City. For more than ten years Mr. Keen has served on the board of Research Frontiers (NASDAQ: REFR), a developer of "Smart Glass" through licensees around the world. For the past five years he has also served as the head of the Compensation Committee for Research Frontiers. Recently, Mr. Keen assumed the position of Board Observer for Egenix, Inc.., a bioresearch firm focused on developing treatments for several specific cancers. Mr. Keen has been an active investor in a number of companies, both start up and later stage, including: Lending Tree, recently acquired by IAC Interactive Corp. (NASDAQ:IACI), a company controlled by Barry Diller; Circle Lending, Inc., now part of Richard Branson's Virgin empire; and Rollover Systems, Inc, a privately held company involved in the matching of individual IRA/pension accounts with appropriate managers visit.
Martin Keating
Director
As the founder, chairman, and CEO of 3DIcon Corporation, Mr. Keating has applied his vision and efforts to the creation and development of breakthrough 3D technology. Prior to founding the company, Mr. Keating structured and managed numerous investment vehicles including the capitalization and NASDAQ listing of CIS Technologies, where he served as general counsel. He also completed financing of the Academy Award-winning motion picture, "The Buddy Holly Story".
Mr. Keating has been a guest lecturer at several colleges and universities across the country. He has been featured on national television and radio programs including CNN, CNBC, HARD COPY, etc.. In 1996, Mr. Keating published "The Final Jihad," a terrorist suspense novel which was excerpted four times by King Features Syndicate for more than 1,500 newspapers.
Mr. Keating received his Juris Doctor degree from the University of Oklahoma and his BA degree from the College of the Holy Cross, Worcester, Massachusetts.
PARTNERSHIPS
University of Oklahoma
R&D Partner
3DIcon has established an SRA (Sponsored Research Agreement) with the University of Oklahoma (OU), whereby 3DIcon's technologies are being developed by leading researchers and scientists in state-of-the-art research facilities in the Norman as well as the Tulsa Campuses. Harnessing the resources of a major university with proven research capabilities greatly expands and hastens the development process of an early stage company on the cusp of disruptive technology and does so in a cost efficient manner. To replicate these resources on a private basis would be prohibitively expensive. Not just that, it would be practically impossible to assemble such a diverse, multi-disciplinary team of proven experts.
Aria International
Licensing Partner
3DIcon has signed a definitive licensing agreement with ARIA International for its CSpace® technology in select homeland security and defense applications, specifically in: 1) container cargo and baggage scanning markets, and 2) related command-and-control applications. ARIA International proves 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, and Blackwater, Rapiscan Systems an OSI Systems Company, the United Arab Emirates Air Force, the Kuwaiti Ministry of Interior, and the Indian Ministry of Interior. ARIA International 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; US Air Force Research Laboratory; US Marine Corp Systems Command; and US Naval Flight Test Center Pawtuxet River. ARIA International was incorporated in the state of Delaware in 2008 and is a Service Disabled Veteran Owned (SDVO) business. By law, the U.S. government must provide 3% of all contracts to SDVO businesses by the year 2009.
Digital Light Innovations
Design Partner and Distributor
Digital Light Innovations is an Authorized Design Partner and Reseller for Texas Instruments' DLP® Discovery™ technology, the most widely adopted and reliable spatial light modulator (SLM) on the market today. Digital Light Innovations specializes in custom engineering, applications development, and sales of DLP® Discovery™ products. The DLP® Discovery™ platform is a highly versatile development tool that enables spatial light modulation for a variety of industries including lithography, spectroscopy, and adaptive optics. DLi is a global company that has serviced customers around the world in areas including Germany, Sweden, Japan, China, India, U.K., Brazil and Canada.
SHARE STRUCTURE - As of May 16, 2011
Authorized Shares: 1,500,000,000
Outstanding Shares: 1,126,884,410
Float: 593,982,650(approximate)
Shares held by Insiders
Martin and Judith Keating 82,215,474
Victor Keen 158,859,668
John O'Connor 47,761,911
OU 63,264,707
09.08.2011 (288 Days Ago)
