Nov 12 2008
3DIcon Signs ed a licensing agreement with in Select Military and Security Applications.
3DIcon Corporation (OTCBB: TDCP), a development-stage technology company, announced today it has signed a licensing agreement with ARIA International Incorporated to license 3DIcon's CSpace™ three-dimensional imaging technology in select military and homeland security applications.
3DIcon recently announced an historic breakthrough in the development of 3D display technologies with the invention of a working prototype of its proprietary 3D display system CSpace. The CSpace display technology is capable of rendering 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.
Under the terms of the five-year agreement, ARIA International has made an initial licensing payment of $25,000. Royalties will be paid to 3DIcon for the display portion of any project related to: 1) container cargo and baggage scanning markets, and 2) related command-and-control applications revenues generated by ARIA International on behalf of 3DIcon. ARIA International has licensed the exclusive rights to CSpace in these specific applications.
The terms of the licensing agreement also allow ARIA International to develop or introduce 3DIcon's CSpace technology to various national laboratories for the purposes of either establishing Cooperative Research and Development Agreements (CRADA) or supporting any research agreements that are currently in place between ARIA International and the national labs.
"We are eager to bring CSpace into homeland security and military applications where mission-critical operations can benefit greatly from a technology that we believe is extremely adaptable into current scanning and imaging systems,” stated ARIA International president and CEO Michael Crosby. “We’ve worked efficiently with the team at 3DIcon to conclude this agreement swiftly so we can move forward into co-development and commercialization.”
"I’m happy to announce that we have come in ahead of schedule on our first licensing agreement, and we are looking forward to the generation of royalties through this relationship with ARIA International," added Martin Keating, 3DIcon chairman and CEO. "3DIcon continues to pursue other licensing opportunities in a growing number of applications and industries.”