Scio Diamond Technology Corp. (SCIO) Diamond Growing Reactors Arrive on Schedule in South Carolina with Lab Construction in Progress
Scio Diamond Technology announced yesterday that each of the company’s 10 diamond growing reactors, along with associated production support equipment, have arrived on schedule at the company headquarters in Greenville, South Carolina. The installation of these machines is a significant step forward in the company’s plan to initiate diamond production during its fiscal first quarter ending June 30 and ramp up to full production during the subsequent quarter ending September 30. Prior to the arrival of the growing reactors, Scio’s laboratory facilities in South Carolina were being fitted with the necessary infrastructure to accommodate the reactors. Electrical backup and generation…