Annual report pursuant to section 13 and 15(d)

Dimension Technologies Inc. - Non-Binding Letter of Intent

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Dimension Technologies Inc. - Non-Binding Letter of Intent
12 Months Ended
Dec. 31, 2012
Dimension Technologies Inc Non Binding Letter Of Intent [Abstract]  
Dimension Technologies Inc. Non- Binding Letter Of Intent

Note 13 – Dimension Technologies Inc. - Non-Binding Letter of Intent

 

As previously disclosed in the Company’s Current Report on Form 8-K, filed with the SEC on July 19, 2012, on July 13, 2012, 3DIcon Corporation executed a non-binding letter of intent (the Letter of Intent”) outlining the principal terms and conditions to acquire Dimension Technologies Inc., a privately held New York corporation (“DTI”). DTI is a developer of glasses-free flat screen 3D display technologies and products that are 2D/3D switchable. Founded in 1986, DTI’s intellectual property portfolio includes 10 patents that have been granted in multiple countries. 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 there under 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. (see Note 14)