Tuesday, June 26, 2012

Scio Diamond Technology Corp. (SCIO) Reports First Successful Run for Diamond Growing Reactors

Scio Diamond Technology employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting. These lab-grown or cultivated diamonds have the identical chemical, physical, and optical properties as natural diamonds found in the earth. The company intends to sell artificial diamonds to the both the jewelry and the technology sectors.

The company reported today that the first full production run using its S3532 technology of five diamond growing reactors was extremely successful. The five growers ran an average of 179 hours each, producing over 220 gross carats of diamonds. Scio Diamond’s CEO Joe Lancia called it “yet another milestone passed on Scio’s roadmap to the mass production of diamond.”

Two more reactors are scheduled to enter initial full production runs in the next week. Scio expects the balance of the 10 reactors to be in full production by the end of its fiscal second quarter. As production moves toward a “normal” operating schedule, the company will be concentrating on a parallel growth in its diamond fabrication capabilities. These will include precise laser cutting and polishing operations to take the rough-cut diamond to the final product stage.

As Scio eventually builds a self-sustaining seed stock, the company continues to work with clients on their specific diamond requirements. This is a very important point. Scio’s believes it must not just produce diamonds, but produce diamonds to the customers’ specifications, and to do so reliably and with scalability.

To find out more about Scio Diamond Technology and its approach to diamond production, please visit its Web site at www.sciodiamond.com

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