Posted: Tue Nov 24, 2015 5:03 pm Post subject: Centaurus Diamond Technologies, Inc. Acquires The Autogenous
LAS VEGAS, NV, November 24, 2015 — /EPR NETWORK/ — Centaurus Diamond Technologies, Inc. (The ‘Company’ or ‘Centaurus Diamond Technologies’ or ‘Centaurus’) (OTCPINK: CTDT) The Board of directors, along with senior Management at Centaurus Diamond Technologies, Inc., is pleased to announce the acquisition and evolution of a new generation of crushing and milling technology machines that use Physics based innovation to “Autogenously” process materials. The technology succeeds in significantly reducing wear and tear on equipment while dramatically increasing the amount of crushing and milling capability to as much as 600 mesh in particle size. Due to the way the technology processes material, the surface area of the processed material is significantly increased, providing for greater efficiency in many industrial applications, particularly in the field of mining and mineral processing, pharmaceutical and chemical production. It is also synergistic in our overall R&D bench-marks in milling, mining, and numerous other applications and processes.
NeoDyne Research, Inc. produced the first generation of crushing and milling machines utilizing this technology in the 1990’s. Well over 100 base units (500lb/hr) were sold, in addition larger two and five ton units were custom made to order. Three of the largest units (20 tons/hr) were also custom made to specification and sold to a mining operation in Colorado.
Centaurus Diamond Technologies, Inc. has acquired this technology and is evolving and improving the design and refine the process, while also planning to file a new patent. The Company expects to generate $3mm in revenues from the AIM sales in the first year of rollout after initial launch. The scheduled delivery of the first units is scheduled for Q1 of 2016.
According to Alvin A. Snaper, inventor of the AIM technology and Chief Science Officer at Centaurus Diamond Technologies, Inc., “It is gratifying for me to see this technology back on the market, as it is by far and away the most effective and efficient process for the reduction of mining ores globally today.”
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.
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.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum