3DIcon Corporation , a developer of volumetric, three-dimensional display technologies, and Dimension Technologies Inc. (privately held), a developer of next generation flat screen 3D displays, today 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(R) 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.”
Display industry analyst and 3D display expert, Chris Chinnock, President of Insight Media, when learning of the proposed transaction, commented: “The Dimension Technologies 3D displays that I have seen look much better than the other glasses-free 3D flat screen displays available today. In addition, since they generate the multiple views required for 3D using time multiplexing, it is not necessary to use an expensive 4K native resolution panel (4x HDTV) to achieve high-quality glasses-free 3D images. I believe that 3DIcon has chosen wisely with Dimension Technologies. Having known the CEO of 3DIcon, Mark Willner, for over a decade, I expect that this acquisition is part of a much larger strategy for 3DIcon.” Insight Media is a leading market research publishing and consulting firm focused on the emerging segments of the display industry.
The Letter of Intent is not binding on either party and there is no assurance that the parties will reach a definitive agreement.