Domestic Nuclear Detection Office Awards Dynasil's RMD Unit $2.1 Million to Develop Next Generation Radiation Detection Equipment Research Contracts Advance DNDO's Goal of Identifying Cost Effective Detection Technology to Combat Proliferation of Nuclear Materials
WATERTOWN, Mass., Jan. 23, 2014 /PRNewswire/ -- Dynasil Corporation of America (NASDAQ: DYSL) today announced that its RMD Research subsidiary has been awarded contracts totaling $2.1 million from the Department of Homeland Security's Domestic Nuclear Detection Office (DNDO). These contracts will advance the government's research and development initiatives focused on the identification of illicit nuclear materials.
"The DNDO continues to tap our highly specialized materials research expertise to develop technology for critical homeland security applications," said Peter Sulick, Dynasil's Chairman of the Board, Interim Chief Executive Officer and President. "These awards focus on the development of next generation materials to combat nuclear smuggling by improving detection of illicit materials at ports, airports, railways and border crossings.
"We believe that our research provides integrated solutions to identify neutron and gamma rays, which are signatures of highly enriched uranium and weapons-grade plutonium," Sulick said. "The threat of terrorists smuggling nuclear materials into the country to create weapons of mass destruction is one of the most serious threats faced by the United States. To prevent this from occurring requires equipping border crossings and shipping ports in the United States and abroad with advanced systems to detect the telltale signature of nuclear materials. RMD's objective is to assist the DNDO in its mission to enhance the nation's nuclear and radiological materials detection capabilities. At the same time, research awards like these help drive Dynasil's commercialization efforts and advance our goal of developing proprietary technology that addresses significant market opportunities."
Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures detection and analysis technology, precision instruments and optical components for the homeland security, medical and industrial markets including medical imaging 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 Watertown, Massachusetts, with additional operations in MA, MN, NY, NJ and the United Kingdom. More information about the Company is available at www.dynasil.com.
This work is supported by The US Department of Homeland Security Domestic Nuclear Detection Office, under competitively awarded contract(s) HSHQDC-13-C-00068, HSHQDC-13-C-00070, HSHQDC-13-C-B0039, HSHQDC-13-C-B0038, HSHQDC-13-C-B0041, HSHQDC-13-C-B0040, and 2013-DN-077-ER00002. This support does not constitute an express or implied endorsement on the part of the Government.
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