Domestic Nuclear Detection Office Awards Dynasil's RMD Unit $3.4 Million to Develop Next Generation Radiation Detection Equipment
Dynasil Corporation of America (NASDAQ: DYSL) today announced that its RMD Inc. subsidiary has been awarded multiple research contracts supporting the U.S. Department of Homeland Security's Domestic Nuclear Detection Office (DNDO). The contracts, totaling $3.4 million under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, will advance the government's research and development initiatives focused on gamma and neutron radiation detectors capable of identifying illicit nuclear materials.
“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. “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.
“We believe that the characteristics of our 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,” Sulick said. “With helium-3, the gold standard for neutron detection, now in critically short supply, our technology leadership positions us 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 our goal of developing proprietary technology that addresses significant market opportunities.”
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.