logo
  Join        Login             Stock Quote

Dynasil (DYSL) Unit To Develop Next-Generation Radiation Detection Equipment

 November 09, 2012 12:43 PM


(By Balaseshan) Dynasil Corporation of America (NASDAQ: DYSL) said its RMD Inc. subsidiary will develop next-generation radiation detection equipment for the U.S. Department of Homeland Security's Domestic Nuclear Detection Office (DNDO).

RMD has received multiple research contracts, totaling $3.4 million under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

The contracts will advance the government's research and development initiatives focused on gamma and neutron radiation detectors capable of identifying illicit nuclear materials.

The company said 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.

"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.

Dynasil believes that the characteristics of its 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.

With helium-3, the gold standard for neutron detection, now in critically short supply, the company's technology leadership positions it 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 the company's goal of developing proprietary technology that addresses significant market opportunities.

DYSL is trading up 2.53% at $1.52 on Friday. The stock has been trading between $1.03 and $2.53 for the past 52 weeks

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChipotle Mexican Grill, Inc. (CMG) Q2 Earnings Preview: Will Higher Traffic Offset Higher Costs the Key

Chipotle Mexican Grill, Inc. (NYSE:CMG) will host a conference call to discuss second quarter 2014 read on...

article imageNetflix, Inc. (NFLX) Q2 Earnings Preview: The Ruby Month for a Reason

Netflix, Inc. (NASDAQ:NFLX) will post its second-quarter 2014 financial results and business outlook on its read on...

article imageLadenburg Thalmann Financial Services (NYSEMKT:LTS): Heavy, Durable Insider Buying

Ahh, but any worries over price levels didn’t stop multiple insiders at Ladenburg Thalmann Financial read on...

article imageInternational Business Machines Corp. (IBM) Q2 Earnings Preview: Small Beat and Pop

International Business Machines Corp. (NYSE:IBM) will host a conference call Wednesday, Jul. 16, 2014 at read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Recent Articles by Balaseshan
More Articles on: Computer and Technology



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.