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Wholly owned subsidiary will focus on R&D, partnering, and deployment of Lab-Grown Diamond solutions for the technology industry
Adamas One Corp. (Nasdaq: JEWL) ("Adamas One," "Adamas" or the "Company"), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for technology and other industrial uses, today announced the formation of its new wholly owned subsidiary, Adamas Technologies.
Adamas Technologies will be responsible for research & development, partnerships, and deployment of Lab-Grown Diamond-based solutions for the technology industry. Lab-Grown Diamonds' thermal conductivity and durability make them ideal for use in semiconductor devices in the industrial and technology sectors. Adamas' patented technology provides a significant opportunity to address increasing demand from the semiconductor sector.
"The formation of Adamas Technologies follows our recently announced plans to increase our presence in the semiconductor sector. We want to make sure that Adamas One is always in the forefront of Lab-Grown Diamond utilization across industries. We believe that our proprietary and patented technologies give us a strong competitive advantage within the category, especially when it come to the adaptation of Lab-Grown Diamonds in the technology sector. It's clear that the remarkable properties of diamond materials offer solutions to some very difficult industrial problems" remarked Jay Grdina, the Adamas One Corp. CEO. "Lab-Grown Diamonds offer the repeatability, consistency, and reliability that both industry and technology applications demand at a cost that will support market acceptance."
Mr. Gerald McGuire, COO of Adamas One Corp., will lead the newly formed subsidiary. Mr. McGuire has nearly 30 years of extensive experience in the semiconductor market bringing innovative ICs and analog circuits to market.
"We are especially excited by the opportunities in the semiconductor markets. There is a significant amount of activity for the thermal and other properties of diamond to increase efficiency and speed of leading-edge circuitry. Lab-Grown Diamonds have recently entered cost, quality and manufacturability points that enable their use in these applications. The Adamas materials offer precise chemistry and manufacturability in single-crystal diamond using our proprietary processes and recipes," said Gerald McGuire. "Lab-Grown Diamond use is new to these semiconductor applications, and I look forward to our team's contributions as this market emerges," McGuire added.
"The extraordinary physical properties of diamond have been known for some time. Innovations enabled by the thermal conductivity, carrier mobility and bandgap of diamonds are just beginning," McGuire concluded.
Posted In: JEWL
