NEWTON, Mass., Aug. 17, 2016 /PRNewswire/ -- Dynasil Corporation
of America (NASDAQ: DYSL) today announced that its contract
research subsidiary, RMD Inc., was selected as a finalist for the
R&D 100 awards.
Widely recognized in industry, government, and academia as a
mark of excellence for the most innovative ideas of the year, the
R&D 100 Awards are the only industry-wide competition rewarding
the practical applications of science. The R&D 100 Awards
recognize the most promising new products, processes, materials, or
software developed throughout the world and introduced to the
market the previous year. Awards are based on each
achievement's technical significance, uniqueness, and usefulness
compared to competing projects and technologies.
Developed under a grant from the Defense Threat Reduction Agency
(DTRA), RMD's Multi-mode Alkaline Earth Halide Scintillator –
LiSr2I5:Eu (LSI) will serve as a multi-mode detector for the next
generation of nuclear non-proliferation and homeland security
instruments. LSI will serve as the foundation for compact,
high performance hand-held instruments utilizing less power, with
lower weight and lower cost enabling greater distribution of these
types of instruments.
RMD was previously honored in 2014 with a R&D 100 award for
its Triplet Harvesting Plastic Scintillators.
About Dynasil
Dynasil Corporation of America (NASDAQ:
DYSL) develops and manufactures optics and photonics products,
optical detection and analysis technology and components for the
homeland security, medical and industrial markets. Combining
world-class expertise in research and materials science with
extensive experience in manufacturing and product development,
Dynasil is commercializing products including dual-mode radiation
detection solutions for Homeland Security and commercial
applications and sensors for non-destructive testing. Dynasil
has an impressive and growing portfolio of issued and pending U.S.
patents. The Company is based in Newton, MA, with additional operations in MA,
MN, NY, NJ and the United Kingdom.
More information about the Company is available at
www.dynasil.com.
Safe Harbor
This news release may contain
forward looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These
forward-looking statements regarding future events and our future
results are based on current expectations, estimates, forecasts,
and projections and the beliefs and assumptions of our management,
including, without limitation, our expectations regarding results
of operations, the commercialization of our technology and the
strength of our intellectual property portfolio. These
forward-looking statements may be identified by the use of words
such as "plans", "intends," "may," "could," "expect," "estimate,"
"anticipate," "continue" or similar terms, though not all
forward-looking statements contain such words. The actual
results of the future events described in such forward looking
statements could differ materially from those stated in such
forward looking statements due to a number of important factors.
These factors that could cause actual results to differ from those
anticipated or predicted include, without limitation, the size and
growth of the potential markets for our products and our ability to
serve those markets, the rate and degree of market acceptance of
any of our products, general economic conditions, costs and
availability of raw materials and management information systems,
our ability to obtain and maintain intellectual property protection
for our products, competition, the loss of key management and
technical personnel, our ability to obtain timely payment of our
invoices to governmental customers, litigation, the effect of
governmental regulatory developments, the availability of financing
sources, our ability to identify and execute on acquisition
opportunities and integrate such acquisitions into our business,
and seasonality, as well as the uncertainties set forth in
the Company's 2015 Annual Report on Form 10 K, as filed on
December 17, 2015, including the risk
factors contained in Item 1a, and from time to time in the
Company's other filings with the Securities and Exchange
Commission. The Company disclaims any intention or
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact:
Patty Kehe
Corporate Secretary
Dynasil Corporation of America
Phone: (617) 668-6855
pkehe@dynasil.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dynasils-rmd-subsidiary-selected-as-finalist-for-rd-100-awards-300314496.html
SOURCE Dynasil Corporation of America