GREENVILLE, SC, Sept. 6, 2012 /PRNewswire/ - Scio Diamond Technology Corporation (OTC-BB: SCIO.OB) announced today that its first three months of production exceeded original expectations by 200% and that initial fabrication of diamond material at the Company's main production facility has begun.
"Although we have passed another important milestone on our path to mass production, we cannot afford to lose focus for one minute," states Joseph Lancia, Scio's President and CEO. "The customer base that we are establishing is relying on us to meet growing quantity demands with quality products."
Mike McMahon, Scio's COO, says, "The areas of concentration over the next quarter will be the increase in reactor up time and decrease in reactor turnaround time. In this business, the tiniest detail makes the difference in each of these parametric measurements. Any slight difference in the Scio diamond making process can change the growth or quality of the diamond substantially. Saving just 1 hour of reactor turnaround time increases production by more than 200 carats per year."
"Our first step in the vertical integration of diamond fabrication is complete," says Lancia. "We have completed the installation of the first of four saw cutting lasers in our South Carolina facility. Two additional intricate cutting lasers are ordered. The ability to laser cut diamond allows Scio to control the full value add and quality for a delivered, complete product."About SCIO Diamond Scio Diamond employs 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 have the identical chemical, physical and optical properties as diamonds found in the earth, and the company's highly controlled manufacturing process enables it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.