About Us

CORPORATE PROFILE

Overview

Starting in 2004, Dynasil Corporation (DYSL.OB) implemented a new strategy of rapid, profitable growth through acquisitions as well as organic growth in the Photonics industry. Dynasil has grown at compound annual growth rate of 65% and was recognized by Deloitte in their annual Technology Fast 500, which recognizes the 500 fastest-growing technology companies in the United States and Canada.

The company manufacturers specialized instruments and products for a broad range of applications markets in the medical, industrial, and homeland security/ defense sectors. Examples of these products include handheld instruments for detecting lead in paint, medical probes to reduce the scope of surgery, diffraction gratings for spectrometers to measure chemistry, reflective coatings for solar energy concentrators, and fused silica for laser optics. In addition, the 2008 acquisition of Radiation Monitoring Devices, Inc. ("RMD") significantly increased our technology capabilities so we have been able to obtain substantial revenues from government-funded contract research from which we usually may retain the commercial rights to the technology. The resulting technology developments, along with organic growth and our acquisitions strategy, are targeted to continue our track record of significant and profitable growth. Overall, our emerging theme is to provide sensors and instruments to enable intelligent decision making.

Since 2004, Dynasil has acquired four companies plus one product line and we have demonstrated a consistent track record of significantly improving the performance of acquisitions through clear focus and effective execution. Since the acquisitions of Optometrics, Evaporated Metal Film, the Precision Optics filter product line and the Research and Instruments companies of RMD, we have significantly improved operational execution and results in these businesses. Each of the Dynasil businesses is organized into highly competitive, semi-autonomous units which focus on customers and meeting key business goals. Each business unit is led by a General Manager with overall responsibility for their unit results as well as managing the interfaces with the other business units and the corporate staff. We work to foster a high level of employee involvement, motivation, and profit-sharing participation. A small corporate staff focuses on adding value by centralizing a few selected activities and by developing key competencies within the business units.

The 2008 acquisition of RMD significantly increased Dynasil's technical capabilities and intellectual property, and added high potential optical instruments to our commercial products, as well as bringing exciting new growth opportunities from commercializing the extensive government funded research and development portfolio. Some of the high growth potential technologies currently being pursued for possible commercialization include sensors for improved medical imaging, non-destructive structural testing and Homeland Security's detection of nuclear materials.

Dynasil's leadership plans to continue to execute our strategy of significant and profitable growth through organic growth, commercialization of our broad research portfolio and acquisitions. Dynasil is publicly traded on the OTC Bulletin Board under the symbol "DYSL.OB".

Mission

Dynasil's mission is to deliver exceptional returns to its stockholders, to achieve financial results which are consistently superior to those of its peers and to be regarded by its employees as an outstanding place to work.

Leadership

Craig T. Dunham , President & CEO
Prior to joining Dynasil in 2004, Mr. Dunham spent about one year partnering with a private equity group to pursue acquisitions of mid-market manufacturing companies. From 2000 to 2003, he was Vice President/ General Manager of the Tubular Division at Kimble Glass Corporation. From 1979 to 2000, he held progressively increasing leadership responsibilities at Corning Incorporated in manufacturing, engineering, commercial, and general management positions. At Corning, he delivered results in various glass and ceramics businesses, including optics and photonics businesses. Mr. Dunham earned a B.S. in Mechanical Engineering and an M.B.A. from Cornell University.

Richard A. Johnson, Chief Financial Officer
Prior to joining Dynasil in November of 2009, Mr. Johnson, 55, served as Chief Financial Officer for Tejas Research and Engineering, an engineering and manufacturing firm in the oil and gas industry, from January through September of 2009. He served as COO at Mondrian-Hall, Inc., Canada's leading supplier of imaging equipment, supplies and service to the technical, display graphics and photo marketplace, from 2006 to 2007. From 1989 until 2006, he held numerous financial positions of increasing responsibility, including Treasurer, VP Finance, and CFO at Charrette Corporation, a firm that serviced the printing and design industries. In those positions, Mr. Johnson helped to increase that company's annual revenues from approximately $40 million to $130 million. Over the course of his career, Mr. Johnson has been involved in or led more than 20 acquisitions in all aspects of the acquisition process. He also has significant experience with a wide range of financing activities and structures. Mr. Johnson has a B.S. and an M.B.A. in Finance.

Dynasil Corporation of America's Board of Directors

Peter Sulick, Chairman of the Board and Audit Committee Chairman
A member of the Board since June of 2008, Mr. Sulick is currently President and CEO of AmeriSite, LLC, a family-owned real estate development and investment company. Mr. Sulick's business background includes the founding of Independence Broadcasting Corporation, PowerFone Inc., SSPCS Corp. and AmeriSite, LLC. Since 1985, Mr. Sulick has founded and led telecommunications companies that were later acquired by Nextel and T-Mobile. In the early part of his career, Mr. Sulick was a principal financial officer for Cablevision Systems and has also held several senior-level financial positions at the Communications Operations Group of ITT. He began his career in the audit department at Arthur Andersen & Co., in New York City following graduate school. He is a certified public accountant who earned his M.B.A. in Finance from the University of Massachusetts and a B.S. in Business Administration from The Citadel.

James Saltzman, Vice Chairman
A member of the Board since 1992, and Chairman from January 1999 until September 2009, Mr. Saltzman has been involved in the investment community since 1969 where he has invested in both public and private corporations. He helped found several companies which have been purchased by larger corporations, most recently Without-a-Box, which was purchased by Amazon.com. He has been a key source of potential acquisitions including Optometrics and RMD. Mr. Saltzman earned a B.A. degree from Franklin & Marshall College.

Cecil Ursprung, Director
A member of the Board since February of 2007, Mr. Ursprung is the former Chairman and CEO of Reflexite Corporation in Avon, Connecticut, a manufacturer of reflective products to enhance safety and optical films used to manage light in LCD displays. He has been with Reflexite since 1983 and led the revenue growth of that company from $2.5 million to approximately $100 million. He is a frequent speaker on topics such as business strategy development, employee motivation, business ethics, executive compensation, employee ownership and the effective use of outside boards. His education includes a degree in Economics and Finance from Baylor University, an M.B.A. Washington University in St. Louis, and post-graduate work at the University of Michigan.

Dr. Gerald Entine, Director
A member of the Board since June of 2009, Dr. Entine is a founder and former majority stockholder of RMD, Inc and RMD Instruments, LLC. He has more than 40 years of experience in both applied and basic scientific research in optics, nuclear sensors and instrumentation and related physics or biophysics-based technologies. Dr. Entine received his B.Sc. in Physics/Biophysics and M.A. in Physics from the University of Pennsylvania. He received his Ph.D. in physics from the University of California at Berkeley under the direction of two Nobel Laureates: Dr. Melvin Calvin and Dr. Owen Chamberlain. Dr. Entine then joined Tyco Laboratories, a high technology research center in Boston, and conducted studies in semiconductor sensors until 1974, when he founded RMD with technology that RMD acquired from Tyco. Dr. Entine continues to be involved in research, and has been the Principal Investigator on numerous research contracts and grants funded both privately and by government. Dr. Entine is currently an Adjunct Research Assistant Professor in the Department of Neurology at the Bowman Gray School of Medicine.

Dr. Michael Joyner, Director
Elected to the Board in February of 2010, Dr. Joyner serves as the Associate Dean for research at Mayo Clinic and is the current Deputy Director for Research at Mayo Clinic in Rochester, Minnesota, as well as the associate program director of Mayo's Center of Translational Science Activities and a consultant in the Department of Anesthesiology. Dr. Joyner is recognized with the distinction of a named professorship, the Frank R. and Shari Caywood Professorship. He received his undergraduate and medical degrees from the University of Arizona. Dr. Joyner's work has been funded continuously by the NIH since the early 1990s. He held important editorial positions for key journals, served as an NIH study section member, and he received numerous national and international awards for his work on muscle blood flow and human physiology. A number of Dr. Joyner's former fellows now direct independent research programs in the United States, Canada, Europe and Japan.

David Kronfeld, Director
Elected to the Board in February of 2010, Mr. Kronfeld is the founder of JK&B Capital (JK&B), a venture capital firm focused in the software, information technology and communications markets with over $1.1 billion of cumulative capital under management. Mr. Kronfeld is an experienced venture capital investor and telecommunications industry executive with over 30 years of experience. Prior to forming JK&B, Mr. Kronfeld was a General Partner at Boston Capital Ventures (BCV) where he focused on making venture capital investments in telecommunications and software companies. Before joining BCV, Mr. Kronfeld was Vice President of Acquisitions and Venture Investments with Ameritech where he was responsible for directing their venture capital investments in a broad array of telecommunications-related companies and all of Ameritech's mergers and acquisitions activities. In addition, Mr. Kronfeld was a Senior Manager at Booz Allen & Hamilton and a Systems Analyst at Electronic Data Systems (E.D.S.). He has been on four public company boards, and currently sits on the board of directors of NeuLion, Inc. In addition, he has served on over 30 private company boards of directors. Mr. Kronfeld earned a Bachelor of Science in Electrical Engineering with high honors, a Master of Science in Computer Science from Stevens Institute of Technology and a Master of Business Administration from The Wharton School of Business.

Craig Dunham, Director
Mr. Dunham is also a member of Dynasil's Board of Directors.