Dynasil Corporation of America (NASDAQ: DYSL), a leader in the development and manufacture of detection, sensing and analysis technology, today announced the launch of the LPXpro Lead Paint Analyzer, the fastest product on the market for the measurement of lead paint on a variety of surfaces. The handheld LPXpro will be available to private inspection services and government agencies in the United States and France, the two countries where the use of lead paint is regulated.
The LPXpro, which can deliver readings in an industry-best two seconds, combines K-Shell X-ray Fluorescence (XRF) technology with a controlled-depth of interrogation feature to maximize reading accuracy. The product features an easy-to-use Android-based touch screen interface, an ergonomic design and a small sensing footprint which enables users to take readings in hard-to-reach areas. The LPXpro has been designed to meet all HUD and EPA requirements, and is backed by 25 years of experience in XRF instrumentation.
“We are expecting an enthusiastic customer response to Dynasil’s new state-of-the-art LPXpro, the fastest lead paint analyzer on the market,” said Steve Ruggieri, President and Chief Executive Officer. “During a recent national sales meeting, the LPXpro received an enthusiastic response from our 15 Manufacturer’s Representatives, who were impressed by the product’s zero warm-up time, light weight and other features that save users valuable time.”
According to federal statistics, approximately 64 million, or 75% of the nation’s housing stock built before 1978 contains some lead-based paint. Approximately 250,000 U.S. children ages 1-5 years have elevated blood lead concentrations.The LPXpro is being launched by Dynasil Products, a newly renamed business unit of the company’s Products and Technology Segment. Dynasil Products manufactures precision instruments and is focused on expanding its product line and accelerating the pace of commercialization for the company’s technology through organic programs, acquisitions and cross-licensing opportunities. Developed using a rigorous and disciplined Product Realization Process, the LPXpro is the first product launched as part of a long-term strategic roadmap of new product introductions Dynasil Products plans over the next several years. More information about Dynasil Products can be found on their newly launched website at www.dynasilproducts.com. About Dynasil Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures detection, sensing and analysis technology, precision instruments and optical components for the homeland security, medical and industrial markets. Combining world-class technology with expertise in research and materials science, Dynasil is commercializing products including dual-mode radiation detection solutions for Homeland Security and commercial applications, probes for medical imaging 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. Forward-looking Statements This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements regarding future events and our future results are based on current expectations, estimates, forecasts, and projections and the beliefs and assumptions of our management. These forward-looking statements may be identified by the use of words such as “may,” “could,” “expect,” “estimate,” anticipate,” continue” or similar terms, though not all forward-looking statements contain such words. The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements due to a number of important factors. These factors that could cause actual results to differ from those anticipated or predicted include, without limitation, our ability to develop and commercialize our products, the size and growth of the potential markets for our products and our ability to serve those markets, the rate and degree of market acceptance of any of our products, general economic conditions, costs and availability of raw materials and management information systems, our ability to obtain and maintain intellectual property protection for our products, competition, the loss of key management personnel, litigation, the effect of governmental regulatory developments, the availability of financing sources, our ability to identify and execute on acquisition opportunities and integrate such acquisitions into our business, and seasonality, as well as the uncertainties set forth in the Company’s Annual Report on Form 10-K and from time to time in the Company's other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.