Dynasil Ranked Number 207 Fastest Growing Company in North America on Deloitte’s 2009 Technology Fast 500

Dynasil Corporation of America (OTCBB: DYSL.OB) today announced that it ranked number 207 on Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004—2008. Dynasil grew 645% during this period.

Dynasil’s CEO, Craig T. Dunham, credits strategic acquisitions and operational effectiveness, as well as Dynasil’s efficient and dedicated employees and directors, with the company’s 645% growth over the past five years. “We are proud that Dynasil ranks 207th in Deloitte’s 2009 Technology Fast 500. This honor demonstrates that our strategy of growth, based on improving efficiencies in our core business and strategic acquisitions has consistently led to excellent results. We expect to fuel our continued growth by commercializing our broad research portfolio, and with the continued support of our shareholders, we look forward to an even more successful future.”

“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate Dynasil on this accomplishment.”

“With its impressive five-year growth, Dynasil has earned its position among the fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America,” said Mark Jenson, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor Dynasil for its achievement.”

Technology Fast 500™ Selection and Qualifying Criteria

Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.

In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.

Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Dynasil: Dynasil has achieved profitable growth from $2 million in revenues to a running rate of $35 million during the past five years. It derives the majority of its revenue from contract research for government and private industry and is a manufacturer of specialized instruments and products for a broad range of applications markets in the medical, industrial, and homeland security/ defense sectors.

About Deloitte: As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

This news release may contain forward-looking statements usually containing the words “believe,” “expect,” “work”, “plan”, or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Future results of operations, projections, and expectations, which may relate to this release, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company's Annual Report or Form 10-KSB and in the Company's other Securities and Exchange Commission filings, continuation of existing market conditions and demand for our products and services.

Dynasil Corp of America (CE) (USOTC:DYSL)
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