NEWTON, Mass., Jan. 17, 2018 /PRNewswire/ -- Dynasil Corporation of America (NASDAQ: DYSL) today announced its subsidiaries EMF Corporation and Optometrics Corporation have completed their development of the first in a series of Infrared High Efficiency Anti-Reflective (HEAR) thin film coatings for the eight to twelve micron spectral region.
"We are very excited about this collaborative success between our EMF and Optometrics subsidiaries. This milestone positions Dynasil as a premier resource for military, homeland security and commercial IR optical system integrators," said Peter Sulick, Dynasil's CEO and President. "The team of experts working on this effort have many years of experience directly related to the optimization of infrared thin film coatings, components and assemblies."
HEAR thin film coatings are used to maximize the transmission through otherwise low transmission lens and window materials used in this spectral region. Optimizing this performance increases detection sensitivity. These coatings have been designed to withstand environmental conditions including water solubility, abrasion and humidity. Dynasil estimates the addressable market for this segment of the photonics industry at approximately $100.0 million and growing at a rate of approximately 7.5% CAGR per year. The company is hoping this multiyear effort will capture a meaningful share of this market.
"Our initial offering of an optical coating which provides < 0.3% average reflection is only the beginning of our developing capabilities planned for the infrared optics market," said Gary Bishop, Ph.D., Executive Vice President, Dynasil Photonics. "We are leveraging our existing expertise and capacity in optical thin film coatings, while hiring additional key industry talent and making strategic capital investments. The addition of Diamond Like Carbon (DLC) coatings are also on track to begin before mid-year. Dynasil anticipates offering a selection of these products direct to end users through its recently launched ecommerce website."
DLC coatings are applied to the exterior window surface of a lens assembly. When combining both DLC with HEAR coatings on an optic, both lens efficiency optimization and environmental protection are achieved. DLC coatings will exceed the sand-water slurry wiper test required by many military and commercial products designed for air, ground and at sea applications.
Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures optics and photonics products, optical detection and analysis technology and components for the homeland security, medical and industrial markets. Combining world-class expertise in research and materials science with extensive experience in manufacturing and product development, Dynasil is commercializing products including dual-mode radiation detection solutions for Homeland Security and commercial applications and sensors for non-destructive testing. Dynasil has an impressive and growing portfolio of issued and pending U.S. patents. The Company is based in Newton, Massachusetts, with additional operations in Massachusetts, Minnesota, New Jersey, New York and the United Kingdom. More information about the Company is available at www.dynasil.com.
This news release may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements regarding future events and our future results, including those relating to future Infrared High Efficiency and DLC Coatings sales, are based on current expectations, estimates, forecasts, and projections and the beliefs and assumptions of our management. These forward-looking statements may be identified by the use of words such as "plans", "intends," "may," "could," "expect," "estimate," "anticipate," "continue" or similar terms, though not all forward-looking statements contain such words. The actual results of the future events described in such forward looking statements could differ materially from those stated in such forward looking statements due to a number of important factors. These factors that could cause actual results to differ from those anticipated or predicted include, without limitation, our ability to develop and commercialize our products, the size and growth of the potential markets for our products and our ability to serve those markets, the rate and degree of market acceptance of any of our products, general economic conditions, costs and availability of raw materials and management information systems, our ability to obtain and maintain intellectual property protection for our products, competition, the loss of key management and technical personnel, our ability to obtain timely payment of our invoices to governmental customers, litigation, the effect of governmental regulatory developments, the availability of financing sources, our ability to identify and execute on acquisition opportunities and integrate such acquisitions into our business, and seasonality, as well as the uncertainties set forth in the Company's 2017 Annual Report on Form 10 K, as filed on December 20, 2017 and from time to time in the Company's other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Dynasil Corporation of America