GREENVILLE, SC, June 14, 2012 /PRNewswire/ - Scio Diamond Technology Corporation (OTC-BB: SCIO.OB) announced today that results from their first low-level growth runs have created in excess of 50 gross carats of useable single crystal CVD diamond. Scio has brought to life seven reactors thus far. All 10 initial reactors are to be in full production during their second quarter.
Joe Lancia, Scio Diamond's CEO said, "After meticulous testing and phased startup we have made our first S3532 technology production run and received a positive result. The output of this run gives us material for our self-sustaining seed process, as well as the ability to supply our clients' material to begin their own testing. This is an exciting time."
Scio is beginning to take orders and complete production plans for the next 12 months. Quantities of gross diamond will be increasing on a regular basis, as Scio completes and comes to full production on it S3532 technology and transitions to its S3724 technology. "The S3724 technology has the potential to increase the S3532 technology by over 50%," says Lancia.
As the first seven reactors complete production testing and have entered into the first phase of production, the last three reactors are being readied to start their startup testing in a few short weeks. Their startup is inclusive of the rigorous levels of testing of the previous seven. This continues our completion of successful milestones to initiate and build production during its fiscal first quarter ending June 30 and to phase into full production during the following quarter ending September 30.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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