Dynasil's Optometrics Subsidiary Signs Three-Year Comprehensive Supply Agreement with a Division of L-3 Communications

    Dynasil's Optometrics Subsidiary Signs Three-Year Comprehensive Supply
               Agreement with a Division of L-3 Communications

PR Newswire

WATERTOWN, Mass., Feb. 24, 2014

WATERTOWN, Mass., Feb. 24, 2014 /PRNewswire/ --Dynasil Corporation of America
(NASDAQ: DYSL) today announced that Optometrics Corporation subsidiary signed
a three-year comprehensive supply agreement with a division of L-3
Communications. Optometrics will be providing high-quality optical components
under this agreement.

"We are excited to announce this cooperation with a division of L-3," said
Peter Sulick, Dynasil's Chairman of the Board, Chief Executive Officer and
President. "It is an important piece of business for us, which will bring
Optometrics' technology to a highly technical and competitive industry.
Optometrics' creative approach to product development and production scale-up
were key determinants in the selection process. "

"This agreement promises to be a growth platform for Optometrics," said Laura
Lunardo, COO of Optometrics. "We expect to provide in excess of $4.0 million
in product to a division of L-3 over the next three years and will be adding
approximately 15 new jobs at Optometrics as we scale up for this product.
Being selected by this world-class company is a testament to the strength of
our management and development teams."

About Dynasil
Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures
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 Watertown, Massachusetts, with additional operations in
Mass., Minn., N.Y., N.J. 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, including those
relating to future sales under the division of L-3 contract, 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 "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, 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 the
Company's 2013 Annual Report on Form 10 K, as filed on December 20, 2013 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

SOURCE Dynasil Corporation of America

Website: http://www.dynasil.com
 
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