NEWTON, Mass., April 5, 2018 /PRNewswire/ -- Dynasil
Corporation of America (NASDAQ: DYSL) today announced its Radiation
Monitoring Devices subsidiary (RMD) is being featured on the U.S.
Department of Energy (DOE) Office of Science website as a Small
Business Innovation Research (SBIR)/ Small Business Technology
Transfer (STTR) Phase III success story.
In an article entitled "Portable solid state detector allows
first responders to a radiation incident to identify a wide range
of radioactive sources" RMD's successes with CLYC are highlighted,
with particular focus on the multiple government agencies that
supported CLYC research to improve the capability to detect and
discriminate both gamma-rays and neutrons in one radiation
detector. In addition to DOE, the Domestic Nuclear Detection
Office (DNDO) and the Defense Threat Reduction Agency (DTRA) funded
RMD's work.
Thermo Fisher Scientific is purchasing CLYC dual mode detector
crystals from RMD to use in their RadEye SPRD-GN (spectroscopic
personal radiation detector – gamma neutron). CLYC is in high
demand by government agencies and defense contractors, and
additional future customers will likely include hospitals and the
recycling industry. Over 100,000 of the many RadEye variants
have been sold worldwide. Customers include the Washington DC Metro, the New York Fire Department, the Houston Bomb
Squad, and Jacksonville, FL Fire
and Rescue. The new CLYC-based version, the RadEye SPRD-GN,
is a strong addition to the RadEye line.
Additionally, the article describes RMD's promising development
work on a new scintillation material, CLLBC, for the next
generation of dual-mode gamma-ray and neutron detectors.
"We are excited to have RMD featured as a success story," said
Peter Sulick, Dynasil's CEO and
President. "We are proud of the cutting-edge research
conducted by our very talented R&D team." RMD's
President, Dr. Kanai Shah, stated
that, "CLYC and other RMD successes are based on the implementation
of a commercialization model in which multi-agency support is
leveraged to bring a technology through the research phase and
launch it into the marketplace."
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, Massachusetts, with additional
operations in Massachusetts,
Minnesota, New Jersey, New
York 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, including those relating to future
Infrared High Efficiency and DLC Coatings sales, are based on
current expectations, estimates, forecasts, and projections and the
beliefs and assumptions of our management. 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, our ability
to develop and commercialize our products, 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 2017 Annual
Report on Form 10 K, as filed on December
20, 2017 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
1-617-668-6855
pkehe@dynasil.com
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SOURCE Dynasil Corporation of America