Stevens alumnus David Kronfeld nominated to board of directors at Dynasil Corporation

HOBOKEN, N.J. ― Dynasil Corporation of America, a rapidly growing manufacturer of specialized instruments, detectors and products with applications in homeland security/defense, cancer detection, medical and industrial, today announced that that two-time Stevens Institute of Technology alumnus, Mr. David Kronfeld, of JK&B Capital of Chicago, has been nominated for election to the Dynasil Board of Directors at its February 3, 2010 Annual Meeting.

Dynasil Chairman, Peter Sulick said, "It is with great pride and enthusiasm that I look forward to welcoming David to our Board. Dynasil's 2008 acquisition of RMD Inc. brought a host of new intellectual property ripe for commercialization into the Company. These assets represent exciting new opportunities in advanced scintillator design, micro crack detection, dosimeter, photodiode design, and a number of other important growth areas for the 21st century. Mr. Kronfeld will bring a very specific and unique skill set to the Dynasil Board. His involvement will elevate Dynasil's potential substantially."

Kronfeld founded JK&B Capital, a venture capital firm focused in the software, IT 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 its venture capital investments in a broad array of telecommunications-related companies and all of Ameritech's mergers and acquisitions activities.

In addition, Kronfeld was a Senior Manager at Booz Allen & Hamilton and a Systems Analyst at Electronic Data Systems (EDS).

Kronfeld earned a Bachelor of Science degree in Electrical Engineering with high honors and a Master of Science degree in Computer Science in 1973 from Stevens Institute of Technology, as well as a Master of Business Administration degree from The Wharton School of Business. He has been a director of four public and over thirty private company boards.

Craig Dunham, Dynasil CEO added, “While we are justifiably proud of the Company’s 645% growth over the past five years and the returns we’ve given our shareholders, we are always looking to the future and what steps we can take to maintain this course. By adding the substantial talent and creativity of Mr. Kronfeld to our Board, we will be taking one of those steps. I’m eager to begin working with him and continuing to grow Dynasil.”

About Dynasil

Dynasil is a rapidly growing manufacturer of specialized instruments and products for a broad range of applications markets in the homeland security/defense, medical and general industrial sectors. In addition, the Company is engaged in a significant amount of contract research for the government and private industry. Dynasil and its subsidiaries have operations in New Jersey, New York and Massachusetts.

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.

Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.  

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