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• NASA Selects FEPET for Small Business Project

• About SI Diamond Technology

NASA Selects FEPET for Small Business Project

AUSTIN, Texas, October 28, 1999

SI Diamond Technology Inc. today announced that its subsidiary, Field Emission Picture Element Technology Inc. (FEPET), was selected by NASA for an innovative small business project entitled, "Carbon Cold Cathode Electron Sources for Low Power Electric Propulsion Thrusters."

As part of its mission to encourage the development of new and advanced technologies, NASA has selected 290 proposals, from 2,260 proposals submitted, for negotiation of Phase I contract awards for its 1999 Small Business Innovation Research Program. The total value of the awards is expected to be more that $20 million and will be conducted by 220 firms in 34 states.

NASA's field centers reviewed proposals for technical merit, feasibility and relevance to NASA research and technology requirements. The selected firms will be awarded fixed-price contracts worth up to $70,000 to perform a six-month Phase I feasibility study.

Companies that successfully complete the Phase I activities are eligible to compete for Phase II selection the following year. Phase II allows for a two-year, fixed-price contract of up to $600,000.

About SI Diamond Technology

SI Diamond Technology is a holding company consisting of three operating subsidiaries. The Field Emission Picture Element Technology (FEPET) subsidiary is developing products for applications utilizing SIDT's proprietary field emission technology and is owned 95% by SIDT.

The wholly owned Electronic Billboard Technology (EBT) subsidiary is geared toward the commercialization of electronic digitized sign technology. Sign Builders of America Inc. (SBOA), a wholly owned subsidiary of EBT is a manufacturer of high quality signage.

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