Centaurus Diamond Technologies Provides Update on Unique Cultured
Diamond Patents
LAS VEGAS, Nov. 12, 2012 /PRNewswire/ -- Centaurus
Diamond Technologies Inc. (the "Company" or "Centaurus")
(OTCBB: CTDT) continues its drive toward perfecting the
manufacture of diamonds through the Magnatek process.
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. Mr.
Alvin Snaper, principal researcher
and chairman of the firm, has expanded the carbon sources for
diamond creation to include graphite along with other carbon
sources including the use of nuclear grade carbon. This inclusion
of new source material has greatly eased any supply chain
constraints and has the positive potential of reducing the wear on
manufacturing machinery. The firm still enjoys a close working
relationship with its laboratory in Rhode
Island having secured the talents of the chief scientist
there on a full time basis this past quarter. The Centaurus team
conducted a plant visit to Tabco Products Inc. on June 25 - 27, 2012 and signed an agreement on
July 17, 2012 to commence work on the
Centaurus' diamond production process (Magnatek).
Anticipating considerable production ramping, the firm has begun
its due diligence into additional funding for staffing and plant
expansion. Centaurus Diamond Technologies Inc. is a diamond
technology company and is in the process of becoming a mass diamond
manufacturing firm. Despite the volatility witnessed in the
financial markets of the entire world, the firm presently is in the
black financially and has laboured dutifully, over the last
quarter, to achieve the rollout of a new and unique diamond
product.
All of this began in 2006, when a sample "cultured" diamond was
sent to the Gemological Institute of America (GIA). The resultant
report #14882271 confirmed the synthetic source as diamond after
resubmission 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.
Recently, 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. As the
quality of Centaurus Diamond Technologies' product has improved,
the firm has investigated those universally accepted methods
whereby our diamonds may be marked or identified for the broader
market and all diamond-centric regulatory agencies as being
man-made in origin.
About Centaurus Diamond Technologies
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 further information, please contact:
American Capital Ventures
Tel: 1-305-918-7000
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Exchange Act. Statements
in this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such statements typically involve risks and uncertainties and
actual results could differ materially from the expectations
reflected in such forward-looking statements as a result of a
variety of factors. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
our most recent annual report on Form 10-K, our quarterly reports
on Form 10-Q and other periodic reports filed from time-to-time
with the Securities and Exchange Commission.
SOURCE Centaurus Diamond Technologies Inc.