Dynasil Honored as Number Two on New Jersey’s 50 Fastest Growing Companies by NJBIZ

Dynasil Corporation of America (OTCBB: DYSL.OB) today announced that it has been ranked number two on this year’s list of New Jersey’s 2010 Fifty Fastest Growing Companies. The awards program produced by NJBIZ, one of New Jersey’s leading business news publications, was presented by Rothstein Kass and sponsored by Extensis, Lowenstein Sandler PC, PNC Bank and UnitedHealthcare.

The NJBIZ 50 Fastest Growing Companies awards program celebrates New Jersey's most dynamic companies who progressively contribute to the success of the state's economic growth and stability. To qualify, companies had to meet selection criteria that included a revenue size of at least $500,000 within the past three out of four years and revenue growth over a four year period, dating from fiscal year 2006 to 2009. Dynasil was ranked number 29 on last year's list.

“The last several years have been transformational for Dynasil,” stated Craig T. Dunham, Chief Executive Officer at Dynasil. “Thanks to the excellence of our people, we have been able to strengthen our leadership in specialized sensors, precision instruments and optical products as well as developing exciting new products to pursue significant market opportunities in the medical, industrial and homeland security/defense markets that we serve. We are excited by the expected impact of our new detectors on nuclear threat detection and medical imaging. With our expertise in material science, optics, photonic manufacturing, engineering, nuclear detection and imaging, along with our culture of effective execution, we are well positioned to capitalize on these opportunities. Additionally, we are actively working on additional acquisitions to speed the time to market for our new technologies as well as to continue our rapid growth.”

Presenting sponsor, Rothstein Kass, calculated the nominations and then ranked the companies according to revenue growth over the four-year period. Both dollar and percentage increases were taken into consideration.

NJBIZ and the program sponsors honored this year’s 50 fastest growing companies and announced their ranking during an awards dinner and ceremony on Monday, November 15, 2010 at The Palace at Somerset Park in Somerset, New Jersey. The honorees are also highlighted in a special supplement to NJBIZ which was released on November 22, 2010.

For more information about the NJBIZ 50 Fastest Growing Companies awards program please visit www.njbiz.com/events.

About Dynasil: Dynasil Corporation of America (OTCBB: DYSL), is a provider of technology, products, services and solutions aimed at making the world safer and healthier. The company supplies a broad range of customers by serving their specific needs in the medical, industrial, and homeland security/defense markets. The Company has operations in New Jersey, New York, Massachusetts and the UK.

This news release may contain forward-looking statements usually containing the words "believe," "expect," “plan”, “target”, “intend” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Future results of operations, projections, and expectations, which may relate to this release, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company's Annual Report or Form 10-K, Quarterly Reports on Form 10-Q, as well as in the Company's other Securities and Exchange Commission filings, continuation of existing market conditions and demand for our products.