Scio Diamond Technology Corporation (OTCBB: SCIO), which produces lab-grown diamonds, has received its 28th US patent for its unique process to grow diamonds that are chemically, physically and optically identical to mined diamonds. The newest patent is for G emstone Production from Chemical Vapor Deposition (CVD) Diamond Plate and was granted on January 5, 2016. "This is the latest addition to our extensive patent portfolio, which ensures broad intellectual property protection for our industry-leading diamond manufacturing processes," explained Gerald McGuire, CEO, Scio Diamond. "Our exclusive processes allow us to grow brilliant, beautiful diamonds that are identical to mined diamonds that grew beneath the earth for centuries." "Our proprietary CVD process allows us to produce stunning diamonds in color and size combinations that are seldom found in mines, such as fancy color pink diamonds that are prized for fine jewelry," McGuire continued. The company's technology delivered the first CVD single-crystal diamond plates, CVD-grown diamond gems and one-inch square single-crystal diamond wafers. Besides innovating the processes to grow single-crystal diamonds using the CVD process, the Scio Diamond technology established the relationship between impurities and color in gemstones, produced computer code enabling automated diamond manufacturing and established quality protocols for diamond growth. Scio Diamond's patents also facilitate the company's future opportunities to produce diamond material for potential industrial applications, such as semiconductors, water treatment and purification, high-voltage power switching, lasers, quantum computing and communications, wear resistant coatings and others as they are developed. The manufacturer conducts significant research and development to advance the science of lab-grown diamonds; all of its processes are patented. Starting with tiny diamond seeds, Scio Diamond applies a unique, proprietary combination of chemistry, engineering and manufacturing discipline to grow diamonds in the three to five carat size. The company has developed a scalable manufacturing platform so it can produce large numbers of identical gems, which is important in jewelry, where consumers want matched stones and for industrial applications, where consistency is required. About Scio DiamondScio Diamond creates high-quality, Type IIa single-crystal diamonds in a controlled laboratory setting. The company produces colorless, near colorless and fancy color lab-grown diamonds in size, color and quality combinations that are rare in earth-mined diamonds. Scio Diamond delivers gems for jewelry and diamond materials for advanced industrial applications. www.sciodiamond.com Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements that may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Scio to be materially different from those expressed or implied. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words "may," "will," "should," "could," "would," "forecast," "potential," "continue," "contemplate," "expect," "anticipate," "estimate," "believe," "intend," "or "project" or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that projections included in these forward-looking statements will come to pass. Actual results of the Company could differ materially as a result of various factors. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason.