This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Scio Diamond - Patents, Shipments And Production - Scio Moving Ahead

Stocks in this article: SCIO SCIOE

GREENVILLE, SC, Aug. 16, 2012 /PRNewswire/ - Scio Diamond Technology Corporation (OTC-BB: SCIO.OB) announced today that two more of their patents have been approved, international shipments have started and another production milestone has been met.  The two US Patents that were approved are as follows.

It is very important that we continue to develop our Intellectual Property and its associated protection," states, Joe Lancia, Scio's CEO.  "We have been fortunate to this point in our strategic plan to achieve significant sales and production results.  We must never rest on our laurels with regard to R&D.  The following two patents, reinforce our vision for the future of Scio, as well as it's current state."

Method Of Growing Single Crystal Diamond In A Plasma Reactor - Synthetic monocrystalline diamond compositions having one or more monocrystalline diamond layers formed by chemical vapor deposition, the layers including one or more layers having an increased concentration of one or more impurities (such as boron and/or isotopes of carbon), as compared to other layers or comparable layers without such impurities. Such compositions provide an improved combination of properties, including color, strength, velocity of sound, electrical conductivity, and control of defects. This process produces a conductive layer on top of a non-conductive layer, which is one embodiment. That allows for device layers grown into the diamond. The other is strain relief that allows faster electron flow.  These layers are used for color, sound transmission, electrical and structural compositions to make devices or increase capabilities of CVD diamond. "This is used in semiconductor devices to enhance device performance," says Joe Lancia, Scio's CEO.

Retail Compatible Detection of CVD Grown Diamond - This is a system that includes a radiation source to provide short wavelength light.  A holder positions a table of a gemstone to receive the light.  A detector is positioned to receive fluorescent light from the gemstone when the gemstone is a CVD grown gemstone.  It changes the wavelength of UV radiation source to produce a scintillator using a CVD diamond. It creates a light source, which shows radiation as light using a CVD diamond substrate. A detector can be used to measure light output and calibrated to a radiation level.

"The last two weeks, has shown the beginning of our international shipments of product, beginning the fulfillment of our largest order to date, says Mike McMahon, COO.  "This may just be the most important milestone yet, as it is specifically focused on customer satisfaction."

Over the last couple of weeks Scio has implemented new phases of its mass production phases.  It most recently had a single grow of over 100 carats of new growth single crystal CVD diamond.  McMahon says, "This was the first major move from our S3524 diamond seed growth technology.  Increasing the number diamond stones being grown, coupled with controlled condition and some recipe adjustments has allowed us to improve production by almost 50% over runs a month ago.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs