Dynasil's Evaporated Metal Films Subsidiary Acquires DichroTec Thin Films, LLC

Dynasil's Evaporated Metal Films Subsidiary Acquires DichroTec Thin Films, LLC

PR Newswire

WATERTOWN, Mass., June 26, 2014

WATERTOWN, Mass., June 26, 2014 /PRNewswire/ -- Dynasil Corporation of America
(NASDAQ: DYSL), a developer and manufacturer of optics and photonics products
and components for the homeland security, medical and industrial markets,
today announced that its Evaporated Metal Films Corporation ("EMF") subsidiary
has acquired substantially all the assets of DichroTec Thin Films, LLC,
("DichroTec") a Rochester, NY-based optical thin film coating manufacturer.

"We are very pleased to be able to add the expertise and capabilities of
DichroTec to EMF and Dynasil," said Peter Sulick, Dynasil's Chairman of the
Board, Chief Executive Officer and President. "DichroTec's pedigree in the
optics industry, including the world-class optics pioneer Bausch & Lomb, is
well-known. Adding this heritage to EMF, the first company in the United
States to provide evaporated metal thin film coatings, will provide us with
additional know-how and facilities to meet the needs of the growing optical
coatings market. In addition, DichroTec has proprietary coating processes for
flexible substrates, power cell components, lighting and glass applications
which EMF can leverage into our customer base."

"We are excited to bring the 'EMF Edge' to our new EMF Rochester site and
customers," said Paul Schulz, President of EMF. "The additional expertise and
facilities, in concert with EMF's commitment to continuous improvement and
superior customer service, will greatly enhance our ability to meet the needs
of our current and future customers. Now with two centers of manufacturing
excellence, we will vastly increase our capacity to meet the growing demand
for high volume products at our Rochester facility, while expanding our
ability to provide custom coating solutions at our site in Ithaca."

Additional details regarding the acquisition will be outlined in Dynasil's 8-K
filing with the SEC.

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 profitability of the Evaporated Metal Films Corporation,
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, litigation, 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, including the risk
factors contained in Item 1a, the Company's Quarterly Reports on Form 10-Q
filed on February 12, 2014 and May 12, 2014 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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