Dynasil's RMD Subsidiary Awarded $3.5 Million in Technology Development Grants by the U.S. Department of Energy

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 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 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

View original content:http://www.prnewswire.com/news-releases/dynasils-rmd-subsidiary-awarded-35-million-in-technology-development-grants-by-the-us-department-of-energy-300498273.html

SOURCE Dynasil Corporation of America