Dynasil Announces Mr. Ken Morse as Commercialization Advisor
October 28 2009 - 8:53AM
Business Wire
Dynasil Corporation of America (OTCBB: DYSL.OB) today announced
that Mr. Kenneth P. Morse, founding Managing Director of the MIT
Entrepreneurship Center has signed an agreement to assist in the
commercialization of Dynasil’s extensive research and technology
portfolio.
Mr. Morse has been a high performance leader in global high tech
sales, sales management, entrepreneurship and intrapreneurship for
the over 30 years. Prior to joining the MIT Entrepreneurship Center
in 1996, Ken was a co-founder of six high tech companies. Five of
these ventures had successful IPOs or mergers. They included 3Com
Corporation, Aspen Technology, Inc., a China Trade Company, a
biotech venture and an expert systems company. Mr. Morse was either
the CEO or responsible for part or all of the Sales organization in
each of these new enterprises.
Mr. Morse has taught entrepreneurship and global sales
strategies workshops for startup CEOs in several cities in Europe,
the Middle East, Australia and New Zealand. Mr. Morse is a member
of the Board of Advisors of Citi SFS, as well as several startup
and MIT-spinoff companies including: Denkwerk, GmbH;
iMotions-Emotion Technology A/S; Zylinc ApS; Ludesi AB; Naseeb
Networks, Inc.; Sofizar Limited; and Terrafugia, Inc. He holds the
Chair in Entrepreneurship, Innovation, and Competitiveness, in the
Faculty of Technology, Policy and Management, at Delft University
of Technology in the Netherlands.
Mr. Morse has a Bachelor of Science from MIT and an MBA from
Harvard Business School.
Dynasil Chairman, Mr. Peter Sulick stated, "We are extremely
excited that Ken will be providing us with his expertise on a
regular basis. Having someone well schooled in technology
innovation and entrepreneurship fits in very well with the
potential we see in the commercialization of our intellectual
property, the byproduct of our growing contract research.”
Dynasil CEO, Mr. Craig Dunham, added, “With Ken’s active
assistance and access to his networks, we believe we are better
positioned to commercialize our technology portfolio. This has
become a major focus for our future, and we believe we can
accomplish this while also maintaining our current uninterrupted
record of significant and profitable growth.”
About Dynasil: Dynasil has achieved profitable growth
from $2 million in revenues to a running rate of $35 million during
the past four 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.
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.
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