Dynasil's RMD Subsidiary Awarded $4 Million in Technology Development Grants by U.S. Department of Energy
WATERTOWN, Mass., Nov. 19, 2013 /PRNewswire/ -- Dynasil Corporation of America (NASDAQ: DYSL) today announced that its contract research subsidiary, RMD Inc., has received four grants totaling $4.0 million under the U.S. Department of Energy's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs.
"RMD's world-class research in nuclear detection continues to be on the cutting edge of new technologies," said Peter Sulick, Dynasil's Chairman of the Board, Chief Executive Officer and President. "Advanced nuclear detection materials are being developed for the Department of Energy to further replace helium-3 in the critical areas of homeland security and nuclear fuel accountability."
"From accounting for the country's nuclear fuel supply to monitoring the 15 million shipping containers that enter the U.S.'s ports every year for illicit nuclear materials, the new Phase II research projects RMD is undertaking through these SBIR/STTR Programs exemplify some of the world's most demanding security and safety needs," said Kanai Shah, Ph. D. President of Dynasil's RMD subsidiary. "Dynasil is proud to partner with the Department of Energy on these initiatives."
"These Phase II grants capitalize on our technical and scientific capability in the development of scintillation materials and solid state sensors for nuclear detection," Kanai Shah said. "Our work has significant application in the prevention of terrorist attacks and the safe guarding of nuclear materials, as well as in commercial endeavors such as energy exploration, nuclear power plant safety, medical imaging, basic science research and non-destructive testing."
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.
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Dynasil Corporation of America
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