Dynasil's RMD Subsidiary Awarded $1.9 Million in Technology Development Grants by The National Institute of Health
NEWTON, Mass., Nov. 29, 2016 /PRNewswire/ -- Dynasil Corporation of America (NASDAQ: DYSL) today announced that its contract research subsidiary, RMD Inc., has received three Phase I and one Phase II grants totaling $1.9 million under the National Institute of Health's SBIR funding program.
"RMD world-class research continues to be at the forefront of medical technology," said Peter Sulick, Dynasil's CEO and President. "RMD is developing cutting edge radiation detection materials for the National Institute of Health. The long term goal is to deliver lower cost, next generation medical imaging systems for specific medical needs. For more than twenty years, RMD's research has been instrumental in advances in medical imagery. In addition, the application of their technology to other important imaging applications, such as airport baggage scanning, has greatly improved results and processing speeds in those industries."
The Phase I awards focus on three medical imaging areas; developing new materials to improve cardiac SPECT imaging, a new dental X-ray imager that will have retain the high quality images associated with digital technology, while reducing the X-ray dose a patient receives, and a new blood flow velocimetry system for the precise measurement of blood velocity in vivo.
The Phase II award is for a novel scintillator that converts ionizing beta radiation into optical photons that can be used in radioluminescence microscopy. Radioluminescence microscopy is a newly developed method for imaging radionuclide uptake in live single cells. This will be critical to help researchers better understand the behavior of rare single cells such as stem cells or drug-resistant cells.
Current methods of radiotracer imaging are limited to measuring the average radiotracer uptake in large cell populations and, as a result, lack the ability to quantify cell-to-cell variations. With this new technique, it is possible to visualize radiotracer uptake within individual cells in a fluorescence microscope environment. The goal of this project is to develop a revolutionary innovation in a key component used in this technique. While it could be sometime in the future, this does represent a unique approach to a large commercial marketplace.
These Phase I and Phase II research projects exemplify some of the world's most demanding medical needs," said Kanai Shah, Ph.D., President of Dynasil's RMD subsidiary. "They capitalize on our technical and scientific capability in the development of scintillation materials and instrumentation. RMD is proud to partner with the National Institute of Health on these initiatives."
About DynasilDynasil 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, MA, with additional operations in MA, MN, NY, NJ and the United Kingdom. More information about the Company is available at www.dynasil.com.
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Contact: Patty Kehe Corporate SecretaryDynasil Corporation of AmericaPhone: (617) email@example.com
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SOURCE Dynasil Corporation of America