SI Diamond plans restructuring

17 Jun 2002

SI Diamond Technology of Austin, Texas, is to partially sell off or spin out two of its subsidiaries - Electronic Billboard Technology (EBT) and Applied Nanotech Inc (ANI).

The company says that both companies are showing signs of accelerating growth, but that they differ substantially in terms of cash flow needs, customer bases, sales and distribution channels, and overall long-term strategies.

ANI carries out R&D in nanotechnology, including carbon nanotubes for large-area displays. It will try to leverage its IP through licensing agreements and revenue sharing.

EBT focuses on electronic, digitized sign technology. One of its products is "E-window technology", which allows a user to alternate between a transparent window and a bright, full-colour, full video and sound display. EBT's customers include retailers, fast-food restaurants, and marketing and advertising companies.