Company Plans Dual-Mode Radiation Detector Revenue in FY 2012
Taue said, ''We call for U.S. President Obama to demonstrate his leadership toward realizing 'a world without nuclear weapons,' and to never disappoint the people in the atomic-bombed cities or anywhere throughout the world.''The premier said Japan will continue to take a leading role in discussions over nuclear disarmament and nonproliferation.The radiator is that component of your Ford�s engine cooling system whose main function is to dissipate the heat that the coolant has absorbed to the outside atmosphere. For this reason, the radiator is often installed just in front of your Ford�s grille, allowing it to make use of the air that passes through the vehicle�s grille insert.Representatives of a record-high 44 countries, including James Zumwalt, deputy chief of the U.S. Embassy in Tokyo, attended the ceremony in the southwestern Japan city, which was live broadcast via the Internet for the first time.Revenue for the nine months ended June 30, 2011 was $35.9 million, an increase of 14.0% from revenue of $31.5 million for the same period in 2010. Net Income for the nine months ended June 30, 2011 was $1,798,073, or $0.12 in basic earnings per share, compared to $1,974,713, or $0.13 in basic earnings per share, for the comparable period ended June 30, 2010.Taue also urged the United States and Russia not to backpedal on their commitment earlier this year to reducing nuclear weapons. ''No significant progress has been observed since. In fact, there has even been a regressive trend, such as the implementation of new nuclear simulation tests.''“The dual-mode radiation detectors are one example of how Dynasil has taken great strides in transitioning from a largely research-based organization to a more commercial enterprise,” said Ruggieri. “Commercialization of technology from our extensive research and development portfolio and acquisitions are expected to be the key drivers of our future growth, and we plan to continue to invest in these growth opportunities. The Company is actively exploring commercialization opportunities in thin film digital x-rays, sensors for non destructive testing and radiation dosimeters based on technologies developed at our RMD (Radiation Monitoring Devices, Inc.) subsidiary. While still early, many of the technologies being explored within our biomedical opportunity also have exciting market potential.”U.S. Ambassador to Japan John Roos attended the atomic-bomb ceremony in Hiroshima last year but was absent from the Nagasaki ceremony, citing scheduling difficulties.“Our mission is to accelerate this commercial transition by identifying and dedicating the necessary resources to those opportunities that have the greatest potential for profitable growth,” Ruggieri continued. “To do so, we are working on a long-range business plan that includes a focus on rationalizing our research and commercialization efforts. This plan, which we will roll out in fiscal year 2012, will streamline our businesses to position Dynasil for continued profitability and increased shareholder value for the long-term.”Safe HarborAbout DynasilRevenue for the third quarter of fiscal 2011 was $12.2 million, an increase of 8% from revenue of $11.3 million for the third quarter of fiscal 2010. Net income was $1 million, or 7 cents per diluted share, up from $0.7 million, or 5 cents per diluted share, in the third quarter of 2010.“We reported another quarter of strong year-over-year revenue growth, fueled by increases in both our Contract Research and Products & Instruments segments,” said Dynasil President Steven Ruggieri. “Due to the significant investments we are making to build shareholder value for the long-term, selling, general and administrative expenses increased by 44% in the quarter. In addition, during the quarter, Dynasil was successful in qualifying for U.S. Research & Experimentation Tax Credits totaling approximately $1.0 million. Overall results for the quarter showed a 41% increase in net income.”WATERTOWN, Mass. -- Throughout the release, all hyperlinks should link to http://www.dynasilcorp.com/.Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures detection and analysis technology, precision instruments and optical components for the homeland security, industrial and biomedical 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. Through its Dynasil Biomedical unit, the Company is developing early stage opportunities for the biomedical technology area. 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.dynasilcorp.com.http://www.carpartsmax.com, one of the leading online source for Ford radiators and other Ford parts and accessories in the U.S., have long been providing high quality and high performance Ford radiators to many Ford vehicle owners. Their avid customers can attest to these. In fact, the Ford radiators listed on their comprehensive online catalog of parts are designed not to fail any year soon after the radiator was bought or installed.Dynasil Corporation of America (NASDAQ: DYSL) today announced financial results for the fiscal 2011 third quarter ended June 30, 2011.
This news release may contain forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. These statements about our expectations, beliefs, plans, designs, objectives, prospects, financial condition, assumptions or future events or performance, including, but not limited to: the Company’s plans to deliver its dual mode detectors to OEM customers for beta testing with early adopters and begin to produce revenue in fiscal year 2012; the expectation that commercialization of technology from the Company’s extensive research and development portfolio and acquisitions are expected to be the key drivers of future growth; Dynasil’s plan to continue to invest in these growth opportunities; the Company’s expectation that it will introduce a long-range business plan in fiscal year 2012 that will position Dynasil for continued profitability and build shareholder value for the long-term; the future markets and demand for our products; new research and development initiatives; commercialization opportunities for Dynasil Biomedical; and potential acquisition activities are forward-looking statements that involve a number of risks and uncertainties. Future results of operations, projections, and expectations, which may relate to this release, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, as well as in the Company's other Securities and Exchange Commission filings.
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