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3DIcon Corp. (TDCP) Appoints Sid Aroesty as CEO

|Includes: 3DIcon Corp. (TDCP)

Today, 3DIcon Corp., a developer of volumetric, three-dimensional projection and display technologies, announced that it has appointed veteran executive Sid Aroesty as its CEO.

As CEO, Mr. Aroesty will direct all components of 3DIcon’s operations including oversight of technology development, commercialization and marketing of the company’s emerging technologies and products. Martin Keating, 3DIcon’s Founder, President, and CEO, has stepped down from his executive management positions and will remain as a Board Member.

Mr. Aroesty commented, “At this time 3DIcon has a tremendous opportunity to commercialize a transformative technology that touches nearly all industries. I intend to play an integral role in all aspects of the company’s operations, designed to build revenues and shareholder value.”

Mr. Aroesty has extensive experience with senior management roles, including serving as the President, COO, and Board Member from 1984 to 2006 at Diagnostic Products Corporation. He played a key role in establishing a worldwide distribution network for the company’s products which led to Diagnostic Products Corporation being listed several times by both Forbes Magazine and Business Week Magazine as one of the “Top 100 Growth Companies” and one of the “200 Best Small Companies in the U.S.” Under his leadership, the company grew to $450 million in revenues.

Following the acquisition of Diagnostic Products Corporation, Mr. Aroesty took the COO position at the Siemens division that acquired Diagnostic Products Corporation. At both companies he directed all operating activities including R&D, quality control, and regulatory affairs. Mr. Aroesty also has served on the Trustee’s Council of the University of Rochester and sat as a Member of the Visiting Committee at the School of Engineering and Applied Sciences at the University of Rochester.

3DIcon Board Member, Victor Keen, remarked, “We’ve been able to attract an executive manager of Sid’s caliber because our technology is promising on so many levels. 3DIcon is definitively poised for its next stage of growth. In making this transition, the board thanks Martin for all he has done for the company, as well as his initiative to put in place a management succession plan that is as visionary as his original inspiration for launching 3DIcon. We are pleased to continue to work with him as a member of our board.”

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