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Diamond Growing Reactors Arrive In South Carolina, Lab Construction In Progress

Stocks in this article: SCIO

GREENVILLE, SC, April 9, 2012 /PRNewswire/ - Scio Diamond Technology Corporation (OTC-BB: SCIO.OB) is pleased to announce that all 10 of the company's diamond growing reactors which are scheduled to move to company headquarters in Greenville, South Carolina, have now arrived along with associated production support equipment.  This is a critical step in the company's plan to commence production during its fiscal first quarter ending June 30 and to phase into full production during the following quarter ending September 30.

Scio's laboratory facilities in South Carolina now include electrical backup and generation equipment and chilling capacity for the regulation of reactor temperatures and associated air and humidity control. Piping, conduit and exhaust systems are nearing completion and much of the infrastructure support equipment for the reactors is now on site.  The Scio R&D team in Massachusetts completed preliminary testing on the reactors prior to moving it to South Carolina.  The production machinery is now ready to begin the critical phased final testing once the lab infrastructure is complete.

Scio's R&D team has now assembled in Greenville to oversee the final preparations of the lab and to begin final testing.  During their planned extended stay in South Carolina, they will be assisting in the hiring and training of laboratory staff for ongoing operations.

Joseph D. Lancia, Scio's CEO commented, "The arrival of our reactors in Greenville is a notable step as we move toward the production of diamond.  This is an exciting and critical time in our history.  We are pleased with the progress we have made and look forward to commencing production soon."

About SCIO Diamond

Scio Diamond will employ a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as "lab-grown" or cultivated diamonds. The diamonds are intended to have the identical chemical, physical and optical properties as diamonds found in the earth, and the company's highly controlled manufacturing process will enable it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.

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