December 24, 2013

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SCIO DIAMOND TECHNOLOGY

Scio Diamond Technology is a company deeply rooted in values. We believe in making the best possible products for our customers and in making their buying experience a true pleasure. Scio cultured diamonds will become an important component of the diamond jewelry market. In technology and industrial applications, we believe that diamond will become the operating system and wear-resistant material of choice. We also believe in the talents and character of our employees and in our responsibility to the communities in which we live and work. We believe that Scio Diamond Technology, its employees and its customers can and will make a difference in our world.
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Scio Diamond Announces Joint Venture for Gemstones

September 17, 2013 By

GREENVILLE, SC, Sept. 17, 2013 /PRNewswire/ - Scio Diamond Technology Corporation (OTCBB: SCIO) (hereinafter “Scio” or the “company”) today announced that it has entered into product specific Joint Venture Agreement to produce Type lla, Single Crystal CVD diamond for a specific gemstone market.

Scio Diamond has signed a Joint Venture agreement as the technology and delivery provider and has teamed with two partners who bring more than 75 years collective experience in the gemstone industry giving the consortium financial strength while allowing the production to be vertically integrated.

The joint ventures’ facility will be located in China, and will be initially fitted out with 100 Scio designed diamond-growing reactors as well as support equipment, such as lasers operation and HPHT pressing machines. The facility will have the capability to expand to 400 diamond-growing reactors over the next 2 years. Scio’s current production technology has the produces 32,000 plus rough carats of diamond annually with its 10 growers. This is greater than a 50% improvement over 1-year ago. The Joint Venture will be employing the next level of technology at its outset, which will increase production by an additional 50%.

Scio is providing its patented CVD Diamond Technology to the Joint Venture through a licensing agreement that provides Scio with both an equity position and licensing revenues. Scio’s partners are responsible for providing the Joint Venture funding as well as associated technologies. “This venture affirms the acceptance of Scio’s technology platform and our proven ability to mass produce quality diamond, by two of the industry leaders in their respective fields”, says Michael McMahon, Scio’s CEO.

The new entity is estimated to begin producing diamond in the summer of 2014. “This is a significant time in the history of Scio Diamond”, said McMahon. “We have spent our first year of operations focused on the mass-production of high quality diamond, which has now been recognized”.

“The partners of Scio Diamond in this venture are showing by their investment, relationships and experience that they have tremendous confidence in this approach. The three of us have worked on this deal since April of this year”, as we have tested the market, the product, the improvement to the product, the ability to mass-produce and together are convinced of its potential”, added McMahon.

From now until the first of the year, the JV team will be engineering and installing the infrastructure of the China facility. Most importantly they will be hiring and training the technical staff. Much of the upfront training will be taking place in Greenville, SC, Scio’s headquarters. “One of the challenges, is taking our very detailed processes and procedures, translating them and making sure they are totally understood, prior to production startup”, say McMahon.

This joint venture clearly shows the confidence of two of the industry’s leaders in Scio’s vision to become the leader in the mass-production of high quality type lla single crystal diamond.

About Scio

Scio employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamond in a controlled laboratory setting, with such diamond referred to as “lab-grown” diamond. This lab-grown diamond has chemical, physical and optical properties identical to “earth-mined” diamond. The company’s manufacturing process enables it to produce high-quality, high-purity, single-crystal colorless, near colorless and fancy colored diamond.

Scio’s technology offers the flexibility to produce lab-grown diamond in size, color and quality combinations that are very rare in earth-mined diamond. Additionally, Scio produces diamond that has the structural, optical and electronic characteristics for industrial, medical and semiconductor applications.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the company, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “would,” “forecast,” “potential,” “continue,” “contemplate,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the company could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. Except as required by applicable laws, the company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

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Scio Diamond - Precision Medical Instrument Partnership - Finite Square mBh

November 7, 2012 By

GREENVILLE, SC, Nov. 7, 2012 /CNW/ - Scio Diamond Technology Corporation (OTCBB: SCIO) announced today that it has entered into a partnership agreement with Finite Square mBh for the supply of diamond for its specialized ophthalmology and plastic surgery blades and scalpels.

Mike McMahon, Scio’s COO, says, “Finite Square mBh is an FDA registered, independently owned Southern California Company dedicated exclusively to class 1 and class 2 surgical instruments. A significant key to this partnership is the ability of Scio to adapt its diamond recipes to the needs of Finite Square’s unique medical incision applications.”

Subash Mediratta, Executive Vice President of Finite Square says, “The CVD technology that Scio Diamond brings to the laboratory grown diamond medical application is superior and we feel that the partnership will be beneficial to the Ophthalmology and Plastic Surgeon community worldwide. This will be a first for an American company and the cost benefits to the surgeons and surgery centers will be favorable.”

“It has always been our intent to supply the medical field with our diamond for innovative applications and precise incision purposes. We are fortunate to now be associated with Finite Square mBh and working hand in hand to develop precision instruments to serve ophthalmologists and the medical field worldwide,” says Joseph Lancia, Scio’s President and CEO.

Scio has completed initial shipments of diamond to Finite Square for trial runs and proto types.

About SCIO Diamond

Scio Diamond employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. The diamonds have the identical chemical, physical and optical properties as diamonds found in the earth, and the company’s highly controlled manufacturing process enables it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.

Scio’s technology permits it to produce lab-grown diamond in size, color, and quality combinations that are very rare in nature. SCIO intends to offer diamonds in limited quantities as jewelry and in the technology arena as the material operating system of the future.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio Diamond Technology Corporation to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by our forward-looking statements as a result of various factors, including, without limitation, the following factors, risks and uncertainties: (1) we are wholly dependent on our diamond production technology, and we may be unable to achieve high-yield production; (2) we have very limited operating history, and therefore, it is difficult to evaluate our business and prospects; (3) our ability to develop our core technologies is subject to uncertainties that are created by, among other things, the complexity of diamond manufacturing, high customer standards, dependence on third parties for certain complex components, the need to successfully integrate several complex components, dependence upon our employees and consultants to maintain an adequate testing and technical support infrastructure for successful adoption and rollout of lab grown diamonds to customers, and our lack of experience in these areas; (4) we may not be able to establish effective distribution channels or distributors for our products; (5) we expect future losses and will need additional funding; (6) competitors may have significantly greater financial, technical, manufacturing and marketing resources and access to distribution channels than we have; (7) our business model is unproven; (8) our diamond manufacturing technology is vulnerable to disruptions due to a variety of factors, which may lead to interruptions, delays, and losses of opportunities or inability to consistently market and sell our lab grown diamonds; (9) we may not be able to effectively manage the potential rapid growth of our operations; (10) we depend on our key management personnel, most of whom have either never worked together or who have worked together for only a short period of time, and the loss of the services of our executive officers or other key employees could have a material adverse effect on our business; (11) we will need to hire additional personnel, and if we fail to successfully attract, assimilate and retain a sufficient number of qualified executive, technical, managerial, sales and marketing, business development and administrative personnel, our business could suffer; (12) we may not be able to achieve a critical mass of customers and strategic relationships; (13) we may not be able to establish brand awareness that is needed to achieve and maintain a significant market share; (14) the current and future state of the global economy may curtail our operations and our potential revenues; (15) acts of war, terrorism or other unknown and unexpected events could disrupt our business; (16) we have essentially no historical revenues and had a “going concern” qualification for our last audited financial statements; (17) the potential market for our lab grown diamonds is unproven and may not materialize; (18) we face significant competition, including from companies which are much larger, well known and have more resources than us; (19) rapid technological change will affect our business and our production capabilities may not successfully evolve; (20) we may have limited protection of our intellectual property and proprietary rights, and we may not be able to maintain the propriety and/or confidentiality of the technology; and (21) substantial governmental regulations govern the testing, creation and sale of the types of diamonds we intend to produce and may restrict our ability to sell our lab grown diamonds. Except as required by applicable laws, the company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

SOURCE: Scio Diamond

 

For further information:Joseph D. Lancia
Chief Executive Officer
+1 (864) 751-4880
Jlancia@sciodiamond.com

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Scio Diamond - 1,000 Carats Milestone - Shipping Begins

July 31, 2012 By

GREENVILLE, SC, July 31, 2012 /PRNewswire/ - Scio Diamond Technology Corporation (SCIOE.OB) announced today that it has reached another major milestone. Scio has produced in excess of 1,000 carats of CVD single crystal diamond and has begun delivery to customers.

“As our production rates increase and we build a sustainable diamond seed supply, we are able to begin shipments to our customers. This is the beginning of the most important vision we have at Scio Diamond,” say Scio CEO, Joe Lancia. “That vision is to deliver our diamond material on specification and on time.”

“Our R&D and Operations personnel have made huge strides in achieving these production rates in a very short time period,” says Mike McMahon, Scio’s COO. “Our diamond growing personnel will continue their concentration on production, while the balance of our efforts will be focused on efficient, cost-effective fabrication of the diamond products our customers need.”

“With the efforts of every Scio employee, we have been fortunate with our early successes,” says Lancia. “Our focus now must remain on the consistent implementation of our next production technologies featuring our Mosaic diamond.” To that end, the first new, state-of-the-art technology lasers have been ordered and modification parts for the Company’s current custom-designed lasers are due in soon. Polishing equipment has been delivered to the production facility in South Carolina from Scio’s Massachusetts R&D facility in order to support operations immediately.

About SCIO Diamond

Scio Diamond employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. The diamonds have the identical chemical, physical and optical properties as diamonds found in the earth, and the company’s highly controlled manufacturing process enables it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.

Scio’s technology permits it to produce lab-grown diamond in size, color, and quality combinations that are very rare in nature. SCIO intends to offer diamonds in limited quantities as jewelry and in the technology arena as the material operating system of the future.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio Diamond Technology Corporation to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by our forward-looking statements as a result of various factors, including, without limitation, the following factors, risks and uncertainties: (1) we are wholly dependent on our diamond production technology, and we may be unable to achieve high-yield production; (2) we have very limited operating history, and therefore, it is difficult to evaluate our business and prospects; (3) our ability to develop our core technologies is subject to uncertainties that are created by, among other things, the complexity of diamond manufacturing, high customer standards, dependence on third parties for certain complex components, the need to successfully integrate several complex components, dependence upon our employees and consultants to maintain an adequate testing and technical support infrastructure for successful adoption and rollout of lab grown diamonds to customers, and our lack of experience in these areas; (4) we may not be able to establish effective distribution channels or distributors for our products; (5) we expect future losses and will need additional funding; (6) competitors may have significantly greater financial, technical, manufacturing and marketing resources and access to distribution channels than we have; (7) our business model is unproven; (8) our diamond manufacturing technology is vulnerable to disruptions due to a variety of factors, which may lead to interruptions, delays, and losses of opportunities or inability to consistently market and sell our lab grown diamonds; (9) we may not be able to effectively manage the potential rapid growth of our operations; (10) we depend on our key management personnel, most of whom have either never worked together or who have worked together for only a short period of time, and the loss of the services of our executive officers or other key employees could have a material adverse effect on our business; (11) we will need to hire additional personnel, and if we fail to successfully attract, assimilate and retain a sufficient number of qualified executive, technical, managerial, sales and marketing, business development and administrative personnel, our business could suffer; (12) we may not be able to achieve a critical mass of customers and strategic relationships; (13) we may not be able to establish brand awareness that is needed to achieve and maintain a significant market share; (14) the current and future state of the global economy may curtail our operations and our potential revenues; (15) acts of war, terrorism or other unknown and unexpected events could disrupt our business; (16) we have essentially no historical revenues and had a “going concern” qualification for our last audited financial statements; (17) the potential market for our lab grown diamonds is unproven and may not materialize; (18) we face significant competition, including from companies which are much larger, well known and have more resources than us; (19) rapid technological change will affect our business and our production capabilities may not successfully evolve; (20) we may have limited protection of our intellectual property and proprietary rights, and we may not be able to maintain the propriety and/or confidentiality of the technology; and (21) substantial governmental regulations govern the testing, creation and sale of the types of diamonds we intend to produce and may restrict our ability to sell our lab grown diamonds. Except as required by applicable laws, the company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

Filed Under: News Tagged With: , , , , ,

Scio Diamond - CVD Single Crystal Diamond First Production Results

June 14, 2012 By

GREENVILLE, SC, June 14, 2012 /PRNewswire/ - Scio Diamond Technology Corporation (OTC-BB: SCIO.OB) announced today that results from their first low-level growth runs have created in excess of 50 gross carats of useable single crystal CVD diamond. Scio has brought to life seven reactors thus far. All 10 initial reactors are to be in full production during their second quarter.

Joe Lancia, Scio Diamond’s CEO said, “After meticulous testing and phased startup we have made our first S3532 technology production run and received a positive result. The output of this run gives us material for our self-sustaining seed process, as well as the ability to supply our clients’ material to begin their own testing. This is an exciting time.”

Scio is beginning to take orders and complete production plans for the next 12 months. Quantities of gross diamond will be increasing on a regular basis, as Scio completes and comes to full production on it S3532 technology and transitions to its S3724 technology. “The S3724 technology has the potential to increase the S3532 technology by over 50%,” says Lancia.

As the first seven reactors complete production testing and have entered into the first phase of production, the last three reactors are being readied to start their startup testing in a few short weeks. Their startup is inclusive of the rigorous levels of testing of the previous seven. This continues our completion of successful milestones to initiate and build production during its fiscal first quarter ending June 30 and to phase into full production during the following quarter ending September 30.

About SCIO Diamond

Scio Diamond will employ a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. The diamonds are intended to have the identical chemical, physical and optical properties as diamonds found in the earth, and the company’s highly controlled manufacturing process will enable it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.

Scio’s technology will permit it to produce lab-grown diamond in size, color, and quality combinations that are very rare in nature. SCIO intends to offer diamonds in limited quantities as jewelry and in the technology arena as the material operating system of the future.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio Diamond Technology Corporation to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by our forward-looking statements as a result of various factors, including, without limitation, the following factors, risks and uncertainties: (1) we are wholly dependent on our diamond production technology, and we may be unable to achieve high-yield production; (2) we have very limited operating history, and therefore, it is difficult to evaluate our business and prospects; (3) our ability to develop our core technologies is subject to uncertainties that are created by, among other things, the complexity of diamond manufacturing, high customer standards, dependence on third parties for certain complex components, the need to successfully integrate several complex components, dependence upon our employees and consultants to maintain an adequate testing and technical support infrastructure for successful adoption and rollout of cultured diamonds to customers, and our lack of experience in these areas; (4) we may not be able to establish effective distribution channels or distributors for our products; (5) we expect future losses and will need additional funding; (6) competitors may have significantly greater financial, technical, manufacturing and marketing resources and access to distribution channels than we have; (7) our business model is unproven; (8) our diamond manufacturing technology is vulnerable to disruptions due to a variety of factors, which may lead to interruptions, delays, and losses of opportunities or inability to consistently market and sell our cultured diamonds; (9) we may not be able to effectively manage the potential rapid growth of our operations; (10) we depend on our key management personnel, most of whom have either never worked together or who have worked together for only a short period of time, and the loss of the services of our executive officers or other key employees could have a material adverse effect on our business; (11) we will need to hire additional personnel, and if we fail to successfully attract, assimilate and retain a sufficient number of qualified executive, technical, managerial, sales and marketing, business development and administrative personnel, our business could suffer; (12) we may not be able to achieve a critical mass of customers and strategic relationships; (13) we may not be able to establish brand awareness that is needed to achieve and maintain a significant market share; (14) the current and future state of the global economy may curtail our operations and our potential revenues; (15) acts of war, terrorism or other unknown and unexpected events could disrupt our business; (16) we have essentially no historical revenues and had a “going concern” qualification for our last audited financial statements; (17) the potential market for our cultured diamonds is unproven and may not materialize; (18) we face significant competition, including from companies which are much larger, well known and have more resources than us; (19) rapid technological change will affect our business and our production capabilities may not successfully evolve; (20) we may have limited protection of our intellectual property and proprietary rights, and we may not be able to maintain the propriety and/or confidentiality of the technology; and (21) substantial governmental regulations govern the testing, creation and sale of the types of diamonds we intend to produce and may restrict our ability to sell our cultured diamonds. Except as required by applicable laws, the company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

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Scio Diamond - Success in CVD Single Crystal Diamond Production

May 30, 2012 By

GREENVILLE, SC, May 30, 2012 /CNW/ - Scio Diamond Technology Corporation (OTC-BB: SCIO.OB) announced today that the first production runs of cultured diamond initiated in May were a success. The company has scheduled 10 reactors to be in full production during its fiscal second quarter with 7 reactors having passed their initial 50-hour testing and starting the second phase of testing today.

Joe Lancia, Scio Diamond’s CEO said, “Our concentration in the first weeks of mass production will be on diamond seeds. Our process is largely self-sustaining so creating and harvesting our own seed stock is a key ongoing cost reduction driver.”

In parallel with creating seed stock, Scio will be providing specified samples for testing by a number of customers in the industrial / commercial marketplace, as well as specific sizes, colors and grades of diamond for the gemstone market. “The demand for diamond continues to amaze me,” says Lancia, “We are contacted nearly every day about our product with questions about when we will be ready to start shipping.”

As the first 7 reactors enter their second phase of production testing, the last 3 are being fitted with our latest power and program technology. Their startup includes the same of multiple levels of precise testing of functionality in short, mid-range and long runs that we used for the initial 7. Scio remains on schedule to meet its stated milestones to initiate and build production during its fiscal first quarter ending June 30 and to phase into full production during the following quarter ending September 30.

About SCIO Diamond

Scio Diamond will employ a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as “lab-grown” or cultivated diamonds. The diamonds are intended to have the identical chemical, physical and optical properties as diamonds found in the earth, and the company’s highly controlled manufacturing process will enable it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.

Scio’s technology will permit it to produce lab-grown diamond in size, color, and quality combinations that are very rare in nature. SCIO intends to offer diamonds in limited quantities as jewelry and in the technology arena as the material operating system of the future.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio Diamond Technology Corporation to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that these projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially from those expressed or implied by our forward-looking statements as a result of various factors, including, without limitation, the following factors, risks and uncertainties: (1) we are wholly dependent on our diamond production technology, and we may be unable to achieve high-yield production; (2) we have very limited operating history, and therefore, it is difficult to evaluate our business and prospects; (3) our ability to develop our core technologies is subject to uncertainties that are created by, among other things, the complexity of diamond manufacturing, high customer standards, dependence on third parties for certain complex components, the need to successfully integrate several complex components, dependence upon our employees and consultants to maintain an adequate testing and technical support infrastructure for successful adoption and rollout of cultured diamonds to customers, and our lack of experience in these areas; (4) we may not be able to establish effective distribution channels or distributors for our products; (5) we expect future losses and will need additional funding; (6) competitors may have significantly greater financial, technical, manufacturing and marketing resources and access to distribution channels than we have; (7) our business model is unproven; (8) our diamond manufacturing technology is vulnerable to disruptions due to a variety of factors, which may lead to interruptions, delays, and losses of opportunities or inability to consistently market and sell our cultured diamonds; (9) we may not be able to effectively manage the potential rapid growth of our operations; (10) we depend on our key management personnel, most of whom have either never worked together or who have worked together for only a short period of time, and the loss of the services of our executive officers or other key employees could have a material adverse effect on our business; (11) we will need to hire additional personnel, and if we fail to successfully attract, assimilate and retain a sufficient number of qualified executive, technical, managerial, sales and marketing, business development and administrative personnel, our business could suffer; (12) we may not be able to achieve a critical mass of customers and strategic relationships; (13) we may not be able to establish brand awareness that is needed to achieve and maintain a significant market share; (14) the current and future state of the global economy may curtail our operations and our potential revenues; (15) acts of war, terrorism or other unknown and unexpected events could disrupt our business; (16)we have essentially no historical revenues and had a “going concern” qualification for our last audited financial statements; (17) the potential market for our cultured diamonds is unproven and may not materialize; (18) we face significant competition, including from companies which are much larger, well known and have more resources than us; (19) rapid technological change will affect our business and our production capabilities may not successfully evolve; (20) we may have limited protection of our intellectual property and proprietary rights, and we may not be able to maintain the propriety and/or confidentiality of the technology; and (21) substantial governmental regulations govern the testing, creation and sale of the types of diamonds we intend to produce and may restrict our ability to sell our cultured diamonds. Except as required by applicable laws, the company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

 

For further information:Joseph D. Lancia
Chief Executive Officer
+1 (864) 751-4880
Jlancia@sciodiamond.com

 

 

Filed Under: News Tagged With: , , ,

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