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R&D award pushes Deep Video Imaging in US

By Phil Boeyen, ShareChat Business News Editor

Thursday 14th September 2000

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IT Capital's investment company, Deep Video Imaging, is attracting a bout of new interest from screen manufacturers after winning an award from a US scientific magazine, R&D.

DVI has won one of the magazine's 'R&D 100' awards, which the publication says recognizes the 100 most technologically significant new products and processes of the year. Past winners have included the digital wristwatch, antilock brakes, the liquid crystal display, the halogen lamp and the fax machine.

Hamilton-based Deep Video Imaging is a display technology company, and its displays provide actual depth without the restrictions normally associated with 3D displays.

ITC is helping to market the product in the US and CEO, Jeff Dittus, says the R&D 100 award gives the product further market credibility.

"There's been an immediate response since the award came out from screen manufacturers and the kiosk industry."

Meanwhile Mr Dittus says ITC has just completed a three-week marketing roadshow in Australia and Singapore, making presentations to over 40 institutions. He says the roadshow went 'incredibly well' with institutions seeing enormous value in the company.

Whether that positive reception will seep through to the company's share price is not yet clear, and Mr Dittus admits to being frustrated that the company's stock has been falling despite ITC delivering on its goals, including turning a considerable profit on its exo-net investment.

He says the company is now looking at turning a profit in its second year of operation, well ahead of the three years which was mentioned in this year's annual report.

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