Domestic Nuclear Detection Office Awards Dynasil’s RMD Unit $3.4 Million to Develop Next Generation Radiation Detection

  Domestic Nuclear Detection Office Awards Dynasil’s RMD Unit $3.4 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

Business Wire

WATERTOWN, Mass. -- November 09, 2012

Dynasil Corporation of America (NASDAQ: DYSL) today announced that its RMD
Inc. subsidiary has been awarded multiple research contracts supporting the
U.S. Department of Homeland Security’s Domestic Nuclear Detection Office
(DNDO). The contracts, totaling $3.4 million under the Small Business
Innovation Research (SBIR) and Small Business Technology Transfer (STTR)
programs, will advance the government’s research and development initiatives
focused on gamma and neutron radiation detectors capable of identifying
illicit nuclear materials.

“The DNDO continues to tap our unique and 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 target the development of
next generation devices that combat nuclear smuggling by improving detection
of nuclear bombs and nuclear materials at ports, airports, railways and border
crossings.

“We believe that the characteristics of our dual mode scintillation crystal
technologies provide an effective and efficient solution to identify neutron
and gamma rays, which are signatures of highly enriched uranium and
weapons-grade plutonium,” Sulick said. “With helium-3, the gold standard for
neutron detection, now in critically short supply, our technology leadership
positions us 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.”

About Dynasil

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.
Combining world-class technology with expertise in research and materials
science, Dynasil is commercializing products including dual-mode radiation
detection solutions for Homeland Security and commercial applications, probes
for 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
Mass., Minn., NY, NJ and the United Kingdom. More information about the
Company is available at www.dynasil.com.

Forward-looking Statements

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. These forward-looking statements may be
identified by the use of words such as “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, our ability to develop
and commercialize our products, including our dual mode detectors and the
development of new technologies including at Dynasil Biomedical, 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 personnel, 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 Annual Report on Form 10-K 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:

Dynasil Corporation of America
Patty Kehe, 617-668-6855
pkehe@dynasil.com
or
Sharon Merrill
David Calusdian
Executive Vice President and Partner
617-542-5300
DYSL@InvestorRelations.com
 
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