LAS VEGAS, NV–(Marketwired – Nov 5, 2015) – Centaurus Diamond Technologies, Inc. (The ‘Company’ or ‘Centaurus Diamond Technologies’ or ‘Centaurus’) (OTC PINK: CTDT) The new Board of directors, along with senior Management at Centaurus Diamond Technologies, Inc., is pleased to announce the commencement of final phase Research and Development in the Magnatek synthetic diamond technology at our research and development facilities. It is the company’s goal to finalize the methodology for mass production of diamonds, and evolve the specifications that will assure the maximum efficiency of the Magnatek process.
The Company US patent number 5,254237 titled “Plasma Arc Apparatus for Producing Diamond Semiconductor Devices,” was issued October 19th, 1993.
Magnatek began R&D in 2006, when a sample “created” diamond was sent to the Gemological Institute of America (GIA). The resultant report #14882271 re-confirmed the product to be diamond following the identification by an independent outside consultant. The Gemological Institute of America (GIA) is the world’s foremost authority on diamonds, colored stones and pearls. GIA exists to protect all purchasers of gemstones, by providing the education, laboratory services, research and instruments needed to accurately and objectively determine gemstone quality. For more information on the GIA visit http://www.gia.edu.
Subsequently, the Company US Patent 7,854,823 entitled, “Synthesis of Diamond by Extraction of a Pulse Derived from the Abrupt Collapse of a Magnetic Field,” was issued on December 21, 2010. This technology is a process for converting carbonaceous material into diamond, utilizing the compressive force derived from an abruptly collapsing magnetic field.
The Magnatek diamond manufacturing process has met and in some areas exceeded corporate mandates regarding the ability to produce diamonds over the recent phase of development (4th Qtr 2012 – 1st Qtr 2013).
Reorganization of the company and financial options currently available are under consideration in order to meet the future known requirements over the final phase of development for Centaurus to gain greater control, continued experimentation and development of Magnetek, including materials used in the process, and enhanced tooling, not available previously.
Our remaining efforts include most pointedly the engineering of sensors and electronic suites that can gauge and properly measure the forces within the Magnetek process. This achievement has eluded us yet does not prohibit the manufacture of diamonds using Magnatek. Therefore, Centaurus Diamond Technologies, Inc. is now committed to redoubling the effort and funding to achieve our instrumentation needs using our own Patented Plasma Vapor Deposition technology in concert with other proven technologies.
Centaurus’ goal is to produce diamonds that have multiple industrial applications that can be used in machining and cutting tools, as thermal conductors for high power laser diodes and high power transistors. They can also be used as optical material to replace zinc selenide and as the output window of high power CO2 lasers and gyrotrons. Industrial diamonds are predominately used for their hardness and thermal conductivity, possessing four times the conductivity of copper. The gemological characteristics of gem-quality diamonds, such as clarity and color, are largely irrelevant. That is why 80 percent of diamonds mined every year, or more than 100 million carats, are not suited for use in jewelry and are channeled for industrial use. The diverse number of uses for synthetic diamonds presents an immense and exciting opportunity for us at Centaurus and we look forward to development of our patented process. An article published in ECN Magazine provides a great look into current semi-conductor technology application.
In 2013, The World Federation of Diamond Bourses (WFDB) called for a meeting on the issue of ‘undisclosed synthetic diamonds.’ The meeting, held in Las Vegas, included leading parties of the International Diamond Manufacturers Association (IDMA), the Diamond Trading Company (DTC) and leading diamond certification laboratories. It was decided that all would join efforts to preserve the transparency of the diamond trade for the benefit of the global business to ensure that consumers can receive full disclosure about the diamonds they purchase. Centaurus Diamond Technologies is dedicated to the full disclosure and regulations that protect the public through laser inscription, trademarks, identification technologies, to separate man-made, “created” and “synthetic” diamonds origin from natural diamonds.
According to Leroy Delisle, Chief Executive Officer at Centaurus Diamond Technologies, Inc., “The Phoenix has risen. Our final phase of R&D has been started and we are confident in representing that we will accomplish our development process in mid 2016, and go to Market.”
About Centaurus Diamond Technologies, Inc.
Centaurus has been established to fully commercialize its proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company’s patented technology enables the production of “cultured” diamonds that are chemically, atomically and structurally identical to natural diamonds. The Gemological Institute of America has tested the Company’s “cultured” diamonds and has confirmed they are diamonds according to their testing protocols.
For more information contact
Chas Radovich, President, Centaurus Diamond Technologies, Inc. at 714-323-1110 or visit us at www.centaurustechnologiesinc.com
Safe Harbor Statement
This press release may contain certain “Forward-looking statements” relating to the business of Centaurus Diamond Technologies, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.