WATERTOWN, Mass., Jan. 7, 2014 /PRNewswire/ -- Dynasil Corporation of America ("Dynasil" or the "Company") (NASDAQ: DYSL), a developer of sensing, detection and analysis technology for homeland security, medical and industrial applications, announced today that it has regained compliance with the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market.
As previously announced, on March 26, 2013, NASDAQ notified the Company that the closing bid price of Dynasil's common stock had fallen below $1.00 per share over the previous 30 consecutive business days and, as a result, the Company was not in compliance with the minimum bid requirement.
On January 7, 2014, NASDAQ notified the Company that the closing bid price of its common stock had been $1.00 per share or greater for 10 consecutive business days. Accordingly, Dynasil has regained compliance and the NASDAQ now considers the matter closed.
Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures 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 Watertown, Massachusetts, with additional operations in Mass., Minn., NY, NJ and the United Kingdom. More information about the Company is available at www.dynasil.com.
Dynasil Corporation of America
Phone: (617) 668-6855
SOURCE Dynasil Corporation of America