DYSL.ob 1.0
Dynasil Corporation of America primarily engages in the manufacture, fabrication, and marketing of optical components and optical materials in the United States and internationally. The company’s products, synthetic fused silica or industrial optical materials, are used primarily as optical components, such as lenses, prisms, reflectors, mirrors, filters, and optical flats; lasers, including beam splitters, brewster windows, q-switches, medical/industrial lasers, exciter systems, and diffraction gratings; and analytical instruments, including ultra violet spectrophotometer cells, fire control devices, reticle substrates, and interferometer plates. Its products are also used in semiconductor/electronic devices, such as microcircuit substrates, microwave devices, photomasks, sputter plates, and microlithography optics, as well as in spacecraft/aircraft components, which include docking light covers, windows, re-entry heat shields, and ring laser gyros. Dynasil Corporation also produces various analytical instruments, including an instrument designed to measure the ‘Sun Protection Factor’ of sunscreens.
Monday October 2, 3:42 pm ET
WEST BERLIN, N.J. --Dynasil Corporation of America and Evaporated Metal Films Corp. of Ithaca, New York ("EMF") are pleased to announce the completion of Dynasil's acquisition of EMF. Dynasil is a manufacturer of optical blanks from synthetic fused silica and other optical materials as well as optical components and specialized optical systems for the laser, optical instrument, and general optics markets. EMF produces optical thin-film coatings for a broad range of application markets including display systems, optical instruments, satellite communications, and lighting. EMF has optical coatings capabilities that were targeted additions to those currently offered by Dynasil and its Optometrics subsidiary. Dynasil purchased 100% of the stock of EMF for $1.1 million in cash. The acquisition of EMF is expected to immediately increase Dynasil revenues by about $3 million, a 40-50% increase, and to contribute significant net income in the future. $700,000 of equity in the form of Dynasil convertible preferred stock was raised from existing and new shareholders to finance the acquisition in addition to bank financing.
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