NEWTON, Mass., Aug. 2, 2017 /PRNewswire/ -- Dynasil
Corporation of America (NASDAQ: DYSL) today announced that its
contract research subsidiary, RMD Inc., has received three Phase II
grants totaling $3.5 million under
the Department of Energy's Small Business Innovation Research
(SBIR) and Small Business Technology Transfer (STTR) Programs.
"RMD's world-class research continues to be at the forefront of
scintillation and laser optics & photonic technologies," said
Peter Sulick, Dynasil's CEO and
President. "These awards highlight RMD's pivotal role in
applying material science to solve fundamental problems in nuclear
physics and basic energy sciences and developing laser optics &
photonics technologies for use in earth-science modeling to improve
weather forecasting."
RMD received three Phase II grants totaling $3.5 million for the following:
- Ultra-Pure Scintillators - RMD is developing a new
method to produce radio-pure scintillating bolometer crystals that
will enable new, higher sensitivity nuclear physics experiments to
be constructed and deployed. The techniques we are developing for
low-radioactivity crystal manufacturing can also be applied to
other materials to further innovations in nuclear physics
studies.
- Laser Optics & Photonics - Using recent advances in
laser optics & photonics, RMD is developing a lightweight
holographic cloud particle imager, mounted on an unmanned aerial
system. Our technology will facilitate a more thorough study of
cloud evolution and composition, which will result in more accurate
climate modeling. This will lead to more accurate weather
forecasting, including the ability to better predict dangerous
weather events.
- High Resolution Neutron Detectors - New high-intensity
neutron sources are actively addressing numerous important and
diverse areas of fundamental science. Due to the shortage of
3He, and the need for higher efficiency scintillators
with enhanced spatial and temporal resolution, novel detectors with
improved performance are required. RMD is developing these
detectors which have substantial commercial potential for current
and future neutron scattering facilities, and for neutron
radiography.
"These Phase II research projects exemplify some of the world's
most demanding research needs," said Kanai
Shah, Ph.D., President of Dynasil's RMD subsidiary. "They
capitalize on our technical and scientific capability in the
development of scintillation materials and laser optics &
photonics. RMD is proud to partner with the Department of
Energy on these initiatives."
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
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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 2016 Annual Report on Form 10 K, as filed on
December 21, 2016, 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
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SOURCE Dynasil Corporation of America