3DIcon Corporation, a developer of volumetric, 3D display technologies, and
Dimension Technologies Inc., a developer of next-generation flat screen 3D displays,
announced that they have signed a non-binding Letter of Intent outlining the
terms and conditions for 3DIcon to acquire Dimension Technologies.
3DIcon CEO Mark Willner said, “The Dimension Technologies team and technologies
will become the cornerstone of our glasses-free flat screen 3D strategy and
fully complements our patented CSpace glasses-free volumetric
technology. We selected Dimension Technologies after an extensive review
of both current and next generation glasses-free flat screen 3D display
technologies. Their technologies, patent portfolio, and innovation
capabilities will provide us with another set of significant and sustainable
competitive advantages in the 3D display industry.”
Dimension Technologies CEO Arnie Lagergren added, “Being part of 3DIcon
will enable us to get products that incorporate our technology to market much
faster by leveraging the existing display industry relationships and
commercialization expertise of the 3DIcon management team. In addition,
being part of a public company gives us much more efficient access to
capital. Both of these will allow us to focus on developing higher
performance and lower cost flat screen 3D display technologies that are already
on our technology roadmap.”
The Letter of Intent is not binding on either party and there is no
assurance that the parties will reach a definitive agreement.