Dynasil's RMD Subsidiary Awarded $3.45 Million in Technology Development Grants by U.S. Department of Energy
Dynasil Corporation of America (NASDAQ: DYSL) today announced that its contract research subsidiary, RMD Inc., has received grants totaling $3.45 million under the U.S. Department of Energy's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs.
“RMD continues to be recognized as providing world class research in the areas of scintillation, sensing and nondestructive testing technologies,” said Peter Sulick, Dynasil's Chairman of the Board, Interim Chief Executive Officer and President. “These awards underscore RMD's pivotal role in applying material science and non destructive technologies to new detection and analysis methods for the government's most critical security, industrial, energy and medical objectives.”
Three Phase II Grants
SBIR/STTR Phase II DOE programs represent funding for the principal R&D effort, with awards up to $1 million over two years. RMD received three Phase II grants of $1 million each for the following:
Eddy Current Technology –Further development of the Company's magnetic solid-state sensor arrays for through-wall inspection of nuclear power plant components. High-Resolution Scintillators – Continued engineering of high-resolution scintillators to enhance current state-of-the-art X-ray detection technology for applications such as synchrotron studies, homeland security as well as medical research for drug development. High-Resolution Sensors –Development of the new scintillator materials for advanced analysis of electromagnetic radiation, which is used in areas such as scanning equipment at ports, airports and border crossings and medical imaging. “From the development of imaging devices designed to 'see' through the walls of nuclear power plant components to neutron detectors that can recognize the chemical signature of a dirty bomb, the Phase II research projects we are embarking on through these SBIR/STTR Programs embody some of the world's most pressing security needs,” said Kanai Shah, Ph.D. President of Dynasil's RMD subsidiary. “Dynasil is proud to partner with the Department of Energy on these initiatives.”
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