The third quarter of 2009 has represented a very significant milestone in the Company’s
development, in that the Company has commenced a development program with the Battelle
Institute of Columbus Ohio which represents a major milestone in the conversion of the
Company’s single lens 3D technology to an operating prototype through the conversion of a
conventional HD2D video camera to 3D capability. This prototype will provide for real time
HD3D image capture and display. On October 6, 2009, the Company announced that Battelle
has successfully assembled the components for the first HD single lens, single 3D camera
prototype and verified the camera’s capability of capturing 3D video and still images. The
agreement with Battelle also provides certain rights to ancillary technology as developed through
this research and development program as well as rights for Battelle to introduce the Company’s
technology into any of their Government contracts which may be applicable, with licensing
rights available to ISEE3D in the event of successful product introduction in that area of
application.
The Battelle Institute is the world’s largest non-profit independent research and development
organization, providing innovative solutions to the world’s most pressing needs through its four
global businesses: Laboratory Management, National Security, Energy Technology, and Health
and Life Sciences. It advances scientific discovery and application by conducting $5.2 billion in
global R&D annually through contract research, laboratory management and technology
commercialization.
In addition to this development program, the Company has commenced business development
effort utilizing its existing single lens conversion capability in the microscope industry working
with clients for which 3D capability is of particular value in that sector.
Further the Company has commenced the expansion of it’s base of intellectual property through
the conception and commencement of a program to reduce to patent of certain intellectual
property related to the base technology of the Company.
The Company has continued on the improvement of its financial position through raising share
capital during the quarter as follows:
During the period and to date, the Company has completed the strengthening and transition of
the Board of Directors with the appointment of Mr. Joylon Burton to the Company's Board of