Dynasil Names Thomas Leonard as Chief Financial Officer

  Dynasil Names Thomas Leonard as Chief Financial Officer

Business Wire

WATERTOWN, Mass. -- January 10, 2013

Dynasil Corporation of America (NASDAQ: DYSL) today announced the appointment
of Thomas C. Leonard as the Company’s Chief Financial Officer and Chief
Accounting Officer. Leonard will succeed Richard A. Johnson, who is resigning
effective February 4 to pursue other opportunities.

Leonard, 58, brings to Dynasil more than 30 years of accounting, management
and leadership experience. From 2008 to 2012, he served as the Chief Financial
Officer for Pennichuck Corporation, a publicly traded water utility in Nashua,
New Hampshire. He also spent 15 years in public accounting with Arthur
Andersen LLP, where he became an Audit Partner and Audit Division Head.
Leonard holds a B.S. in Accounting and Finance from the University of
Wisconsin at Madison and is a Certified Public Accountant.

“We are delighted that a financial executive with Tom’s background and
expertise will be leading the finance team at Dynasil,” said Peter Sulick,
Interim President and CEO and Chairman of the Board of Directors. “Tom offers
the ideal combination of experience, results and talents to lead Dynasil into
the future. On behalf of the board of directors and the entire staff at
Dynasil, I also want to extend our thanks to Rich Johnson for his three years
of service with Dynasil and wish him success in his future endeavors.”

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 press release contains statements which are not historical facts and
which constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. 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. These forward-looking
statements are based on current expectations, estimates, forecasts, and
projections and the beliefs and assumptions of our management. Examples of
forward-looking statements include, but are not limited to those related to
Thomas Leonard’s appointment as CFO. 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, 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 our Quarterly
Report on Form 10-Q 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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