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News Breaks
February 24, 2014
09:16 EDTLLL, DYSLDynasil Corporation signs three-year agreement with L-3 Communications
Dynasil Corporation of America (DYSL) announced that Optometrics Corporation subsidiary signed a three-year comprehensive supply agreement with a division of L-3 Communications (LLL). Optometrics will be providing high-quality optical components under this agreement.
News For DYSL;LLL From The Last 14 Days
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August 24, 2015
09:02 EDTLLLSparton, L-3 reach settlement agreement; Sparton to pay L-3 $2.5M
Sparton Corporation (SPA) has signed a settlement agreement to pay L-3 Communications (LLL) $2.5M. On September 24, 2013, L-3 Communications Corporation, doing business as L-3 Linkabit, filed a complaint in the United States District Court for the Middle District of Florida, Orlando Division, against Sparton Corporation and Sparton Electronics. On August 20, 2015, Sparton and L-3 signed a mutual accord resolving the dispute. The agreement requires payment from Sparton to L-3 on or before October 1, 2015 in consideration for dismissal of the litigation. Neither party admitted to any mistakes, damage or fault. "This settlement has resulted in a positive business outcome between our two companies," stated Cary Wood, President & CEO of Sparton. "Our on-going relationship with L-3 remains solid and we expect to continue to be partners well into the future. The new business development funnel continues to be strong overall and includes a number of key L-3 programs currently in the quote phase. With fiscal 2015's adjusted earnings per share to be announced on September 8, 2015 in-line with analyst consensus, it allows us to enter fiscal 2016 with a clean slate by having this dispute and the Fenwal rebalancing activities well behind us, setting us up for what we expect to be a successful fiscal 2016 on all fronts."
August 20, 2015
09:03 EDTDYSLDynasil Corporation to supply crystal components to security equipment provider
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August 18, 2015
15:49 EDTDYSLDynasil unit announces conversion of patent application
Dynasil Corporation of America announced the conversion of Xcede Technologies, provisional U.S. Patent application claiming novel tissue patch systems, methods and compositions. Xcede Technologies, a subsidiary of Dynasil Biomedical Corp, is based in Rochester, MN and began operations in October 2013 following a technology transfer from DBM. Xcede is committed to the development and manufacturing of innovative hemostatic and sealant products for surgical application. Xcede's first product, currently under development, is a resorbable hemostatic patch to be used when conventional techniques are inadequate or impractical during general or cardiovascular surgery. The conversion of the provisional patent describes the combination of chemistry, coating and drying process that are utilized in coating the resorbable Xcede Patch fibrin backing. The method described uses a series of steps in which the coating is applied to the substrate which in the end provides a hemostatic patch that has high tensile strength in combination with high adhesive properties and maintained elasticity. The coated product described within this patent has the ability to seal a wide range of surgical bleeding complications, but the high strength characteristics provide the exciting possibility of sealing high pressure bleeding that currently has not been addressed in the market place."We believe Xcede continues to represent a hidden gem in the assets of Dynasil. We are encouraged by Xcede's recent technology developments and the potential to revolutionize the multi-billion dollar global fibrin sealants and hemostasis markets," said Peter Sulick, Chairman and CEO of Dynasil.

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