GREENVILLE, S.C., Jan. 9, 2012 (GLOBE NEWSWIRE) -- SCIO Diamond Technology Corporation (OTCBB:SCIO.OB) today announced that on November 29, 2011 it was issued its first Canadian patent (number 2511670), titled Tunable CVD Diamond Structures.
The patent relates to single crystal diamond grown in layers, wherein the layers of diamond are manipulated to create desired properties. The finished product of multiple layers is called a "structure". Diamond grown in this manner can be adapted for use in applications such as semiconductor devices, optical waveguides and industrial applications - and can have mechanical, tribological, and electronic properties comparable to, or exceeding those, of natural diamond.
SCIO's portfolio contains pioneering and robust intellectual property rights directed to and associated with growing high quality single crystal diamond via chemical vapor deposition. The portfolio currently includes protection in five countries – U.S., India, China, Australia and Canada. The portfolio also contains 18 issued patents and over 40 pending patents applications in the U.S, Europe, India, Japan and South Africa.
Joseph Lancia, President and CEO said, "This notable development is an important step to ensure we remain at the forefront of cultivated diamond technology. We are very pleased with accomplishing this milestone."
For more information on SCIO Diamond Technology Corp. please visit their website: http://www.sciodiamond.com/.
About SCIO Diamond
SCIO Diamond employs a patent-protected chemical 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 any diamond 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 rare, if at all present in nature. Diamonds are now being offered 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 involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.