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Two New Directors Nominated to Board of Directors of Dynasil Corporation

^{Published on 2011-01-03 08:40:25 - Market Wire}
 

WATERTOWN, Mass.--([ BUSINESS WIRE ])--Dynasil Corporation (NASDAQ:DYSL), a leader in specialized sensors, precision instruments and optical products for the medical, industrial and homeland security/defense markets, today announced that Mr. Lawrence Fox and Mr. Harvey Goldberg have been nominated by the Dynasil board of directors to join the board and will stand for election by the Companya™s stockholders at Dynasila™s February 1, 2011 annual stockholder meeting. Dynasil also announced that Mr. James Saltzman has elected not to stand for re-election to the Dynasil board of directors and will retire from the Companya™s board effective February 1, 2011. The appointment of the two new directors will expand Dynasila™s board to eight members in order to support the corporate governance requirements from its December 17, 2010 move onto the NASDAQ. aWe are pleased to welcome Larry and Harvey as strong new additions to our board of directors,a said Peter Sulick, chairman. aTheir perspectives, combined with their diverse business backgrounds, will be valuable assets to Dynasil as we work to execute our strategic plan and continue to drive profitable growth to provide long-term value for our shareholders. The board of directors is also grateful to Jim Saltzman for his guidance and energy while serving as chairman, vice chairman and valued director during his many years of dedicated service to Dynasil Corporation.a

"We are pleased to welcome Larry and Harvey as strong new additions to our board of directors"

Mr. Goldberg brings skills in business leadership, financial management, commercialization and operational management to the board. He has demonstrated success in starting businesses, developing leading technologies, launching new products and building successful organizations. He received his Bachelor of Arts degree in Finance/Accounting and his Masters of Business Administration from Temple University. He started his career as a CPA and held positions as Controller, Plant Manager, General Manager and Owner. He is known for his entrepreneurial stewardship in product development as well as his remarkable business success of Narricot Industries a" a firm he joined in 1967, acquired in 1978 and helped grow from $4 million in sales to $70 million by 2000.

Mr. Fox brings extensive experience in legal compliance, corporate governance and litigation to the board. He hasserved as a partner in the law firm of Drinker Biddle & Reath LLP since 1976 and is former managing partner. He specializes in securities and general commercial litigation. Lawrence is a visiting lecturer of law and the Crawford Lecturer at Yale Law School. He received his Bachelor of Arts degree from the University of Pennsylvania and his Bachelor of Laws degree from the University of Pennsylvania Law School. He was a lecturer on law at Harvard Law School from 2007 to 2010 and he was the I. Grant Irey, Jr. adjunct professor at Penn Law School from 2000-2008. Heis a nationally recognized author and speaker on the topic of corporate governance and a recognized expert on ethics and corporate responsibility. His published work in this area has appeared in regional and national publications, covering a wide variety of subjects, including ethics, internal investigations, sanctions, and expert witnesses.

About Dynasil: Dynasil Corporation of America (NASDAQ:DYSL) is a provider of technology, products, services and solutions aimed at making the world safer and healthier.The company supplies a broad range of customers by serving their specific needs in the medical, industrial, and homeland security/defense markets. The Company has operations in Massachusetts, New Jersey, New York and the UK.

This news release may contain forward-looking statements usually containing the words "believe," "expect," aplan,a atarget,a aintend,a awork toa or similar expressions.These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act.Statements regarding future results of operations, projections, and expectations, including those relating to the addition of the new directors and the future growth of the Company, 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 or Form 10-K, Quarterly Reports on Form 10-Q, as well as in the Company's other Securities and Exchange Commission filings, continuation of existing market conditions and demand for our products.