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3DIcon to Acquire Dimension Technologies



3DIcon to Acquire Dimension Technologies

TULSA, Okla. and ROCHESTER, N.Y., July 18, 2012 (GLOBE NEWSWIRE) -- 3DIcon
Corporation (OTCBB:TDCP), a developer of volumetric, three-dimensional display
technologies, and Dimension Technologies Inc. (privately held), a developer of
next generation flat screen 3D displays, today announced that they have signed
a non-binding Letter of Intent outlining the terms and conditions for 3DIcon
to acquire Dimension Technologies.

3DIcon CEO Mark Willner said, "The Dimension Technologies team and
technologies will become the cornerstone of our glasses-free flat screen 3D
strategy and fully complements our patented CSpace® glasses-free volumetric
technology. We selected Dimension Technologies after an extensive review of
both current and next generation glasses-free flat screen 3D display
technologies. Their technologies, patent portfolio, and innovation
capabilities will provide us with another set of significant and sustainable
competitive advantages in the 3D display industry."

Dimension Technologies CEO Arnie Lagergren added, "Being part of 3DIcon will
enable us to get products that incorporate our technology to market much
faster by leveraging the existing display industry relationships and
commercialization expertise of the 3DIcon management team. In addition, being
part of a public company gives us much more efficient access to capital. Both
of these will allow us to focus on developing higher performance and lower
cost flat screen 3D display technologies that are already on our technology
roadmap."

Display industry analyst and 3D display expert, Chris Chinnock, President of
Insight Media, when learning of the proposed transaction, commented: "The
Dimension Technologies 3D displays that I have seen look much better than the
other glasses-free 3D flat screen displays available today. In addition, since
they generate the multiple views required for 3D using time multiplexing, it
is not necessary to use an expensive 4K native resolution panel (4x HDTV) to
achieve high-quality glasses-free 3D images. I believe that 3DIcon has chosen
wisely with Dimension Technologies. Having known the CEO of 3DIcon, Mark
Willner, for over a decade, I expect that this acquisition is part of a much
larger strategy for 3DIcon." Insight Media is a leading market research
publishing and consulting firm focused on the emerging segments of the display
industry.

The Letter of Intent is not binding on either party and there is no assurance
that the parties will reach a definitive agreement.

About 3DIcon Corporation

3DIcon Corporation is a developer of groundbreaking 3D projection and display
technologies that are designed to produce full color, high-resolution,
360-degree volumetric images, a development many consider to be the next step
in 3D display technology. CSpace creates both dense and translucent images for
use in mission critical functions including healthcare, security and defense.
CSpace enables viewing inside organs, cargo containers, and baggage, as well
as large-scale terrain such as oceans and mountains, all of which are beyond
the capabilities of other current display methodologies. The company also
offers a software product, Pixel Precision®, which targets the R&D market for
developers using Texas Instruments' DLP® line of products. For visualization
of CSpace images please visit www.3dicon.net.

The 3DIcon Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7750

About Dimension Technologies Inc.

Dimension Technologies Inc. ("DTI") is a developer of glasses-free flat screen
3D display technologies and products that are 2D/3D switchable and do not
compromise resolution and brightness to deliver 3D, as do most other
glasses-free flat screen 3D displays. Founded in 1986, DTI makes and sells
glass-free flat screen 3D displays and systems. DTI's intellectual property
portfolio includes 10 patents that have been granted in multiple
countries. DTI and its founders have been inducted into the NASA's Space
Technology Hall of Fame for the successful development and commercialization
of its Virtual Window line of switchable 2D/3D flat panel displays. DTI has
also been included in the NASA SBIR Hallmarks of Success program. For more
information on Dimension Technologies please visit www.DTI3D.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION ACT OF 1995

Insight Media, a market research publishing and consulting firm focused on the
emerging segments of the display industry, has no known conflicts of interest
or banking or consultancy relationships with 3DIcon Corporation or Dimension
Technologies Inc. The Letter of Intent is not binding on either party and
there is no assurance that the parties will reach a definitive agreement, and
if they do, there is no assurance that the conditions thereunder will be met
to consummate the acquisition. Furthermore, if the acquisition is consummated,
there is no assurance that the anticipated effects of the transaction will be
realized.

With the exception of historical information, the matters discussed in this
news release are forward-looking statements that involve a number of risks and
uncertainties. The actual future results of 3DIcon or Dimension Technologies
could differ significantly from those statements. Factors that could cause
actual results to differ materially include risks and uncertainties such as
the inability to finance the company's operations, inability to hire and
retain qualified personnel, and changes in the general economic climate. In
some cases, you can identify forward-looking statements by terminology such as
"may," "will," "should," "expect," "plan," "anticipate," "believe,"
"estimate," "predict," "potential" or "continue," the negative of such terms,
or other comparable terminology. These statements are only predictions.
Although we believe that the expectations reflected in the forward-looking
statements are reasonable, such statements should not be regarded as a
representation by 3DIcon, Dimension Technologies, or any other person, that
such forward-looking statements will be achieved. 3DIcon and Dimension
Technologies undertake no duty to update any of the forward-looking
statements, whether as a result of new information, future events or
otherwise. In light of the foregoing, readers are cautioned not to place undue
reliance on such forward-looking statements.

CONTACT: 3DIcon Corporation
         Judy Keating
         918-494-0509

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