In our effort to provide current information on the Company’s activities, the following addresses some of the recent questions received from shareholders.
What is the status of the closing of the share exchange agreement between 3DIcon and Coretec Industries LLC?
All conditions of the share exchange agreement have been met. The company is engaged with its securities counsel in the preparation and completion of filings to be made with the SEC upon the closing, including, among others, a Form 8K reflecting the strategy and business model of the combined companies. Management anticipates that the transaction will be formally closed and the 8K filed with the SEC during the week of September 26.
Can you elaborate on the applications that Coretec’s technology will address and their competitive advantage in the marketplace?
Coretec has licensed technology for the manufacture of derivatives of silicone, Cyclohexasilane (CHS) and CHS with dopants, and processing these chemicals into silicon films, nanowires, and nanoparticles. Under current practice, silicon is deposited as a thin film for use in the manufacturing of solar cells and microelectronics, and silicon is being added as nanoparticles to enhance the performance of lithium-ion batteries. In these cases, monosilane gas is commonly used as the starting material. Our strategy addresses these markets by replacing monsilane gas with CHS in these applications. A significant competitive advantage of CHS is that it is a liquid at room temperature, making it easier and safer to handle than monosilane gas. CHS can also be processed into silicon films, nanofibers and nanoparticles much faster than monosilane and it can be converted into silicon directly from a liquid or gas, allowing greater flexibility in processing.
Could you provide more information on the research and development team at NDSU?
The team is led by Dr. Philip Boudjouk. He is assisted by Mr. Kenneth J. Anderson,
Dr. Kostia Pokhodnya and others. The team’s current emphasis is on chemistry of polysilanes, especially CHS, and its ability to form novel derivatives and complexes. They have also been studying the chemistry of silicones using new pathways developed for manipulating the branches on a silicone backbone, allowing great flexibility in incorporating new properties in silicone derivatives.
As reported previously, it is anticipated that the research activities surrounding the silicone intellectual property (involving as it does a lighter weight material than the glass material currently being employed) could result in the improvement of 3DIcon’s CSpace image space material, which would mark the final step in the completion of its volumetric, three-dimensional display.
Background on Dr. Boudjouk
St. John’s University, New York Chemistry B.S. 1960-64
University of Wisconsin, Madison Chemistry Ph.D. 1967-71
University of California, Davis Chemistry Post-Doctoral Teaching and Research Fellow 1971-73
2000-2013: VP for Research, Creative Activities and Technology Transfer, NDSU
2009-2011; 1999-2001: Chair, Board of Directors, Coalition of EPSCoR States
2002-2012: Director, North Dakota Economic Development Foundation
1992-2000: Advisor to the Governor of North Dakota for Basic Research
1992-2000: Director, North Dakota Experimental Program to Stimulate Competitive Research 1985-Present: Professor of Chemistry, NDSU
1978-1985: Associate Professor of Chemistry, NDSU
1973-1978: Assistant Professor of Chemistry, NDSU
1971-1973: Postdoctoral Research and Teaching Fellow, UC-Davis (Leo H. Sommer)
Alumni Outstanding Achievement Award-St. John’s University (Jamaica, NY), 2014 Discovery Award, 2008, Red River Valley Research Corridor
Researcher of the Year, 1992, College of Science and Mathematics
Faculty Lectureship, 1985, North Dakota State University
Five Publications Related to Current Research,
et al., Solution-Based Synthesis of Crystalline Silicon from Liquid Silane through Laser and Chemical Annealing, ACS Appl. Mater. Interfaces, 2012
, 4(5), 2680-85.
et al., Si6
/Polymer Inks for Electrospinning a-Si Nanowire Lithium Ion Battery Anodes, Electrochemical and Solid-State Letters, 13, 10, A143-A145, 2010
et al., Halide Coordination of Perhalocyclohexasilane Si6X12 (X = Cl or Br), Inorganic Chem., 2011
, 50(9) 4047-4053.
et al., Coordination Chemistry of Si Cl with Organocyanides, Dalton Trans., 5 10 2010
, 39(46), 11188-92.
et al., Inverse Sandwich Complexes of Perhalogenated Cyclohexasilane, Organometallics, 2010
, 29 (10), 2203-2205.
Can you describe the progress in reaching a deal with a manufacturer of Coretec materials that will create revenue?
As previously reported, a suitable U.S.-based manufacturer for scaling CHS has been identified for the initial production of the material for commercial purposes. Technical meetings are taking place at each site to define the scope of the activities as between the parties. A draft Joint Development Agreement (JDA) is in the final stages of negotiation. The JDA is expected to lead to a business partnership between the parties. The initial manufacturer will likely participate in future discussions and JDA’s with other partners as well. The sale of (pilot scale) materials will begin in early 2017.
Additionally, discussions are being held with a battery materials and licensing company based in Europe, developing silicon anodes for the next generation of lithium-ion battery
. It is anticipated that these discussions will also lead to a JDA in the battery/energy storage industry.
Where can we find technical information on the Coretec intellectual property and basic technology?
The best source of information for the Coretec Intellectual Property is the NDSU Research Foundation website, www.ndsuresearchfoundation.org
. The following NDSU patent families have been licensed to Coretec: RFT-039, RFT-265, RFT-324, and RFT-325. An option to license has been purchased by Coretec for the following NDSU patent technologies: RFT-233, RFT-11, RFT-315, RFT-336, RFT-447, RFT-449, RFT-454, RFT-498, and RFT-501. The Coretec intellectual property is a combination of issued patents and pending patents in various countries. Each may include multiple patents.
A summary of the technology was provided at the DOE Solar Technologies Peer Review and can be found at: http://www1.eere.energy.gov/solar/review_meeting/pdfs/prm2010_northdakota.pdf
Additionally, 3DIcon/Coretec and its technology have recently been the subject of several articles and features in leading technical publications (and in one case a TV interview), including Greentech Media
, Fox23 Tulsa
, The American Ceramic Society
, and Chemical Engineering Online
. Information on how to locate these items can be found in the News Section of our website.
Victor F. Keen