Dynasil Signs Technology Collaboration Agreement with Mayo Clinic

Agreement Creates Foundation for Commercial Development and Patent Protection of Early-Stage Medical Technologies

Dynasil Corporation of America (DYSL) today announced that it has entered into a technology collaboration agreement with Mayo Clinic, a not-for-profit worldwide leader in medical care, research and education for people from all walks of life. The first project under the collaborative agreement will focus on the development of a therapeutic hypothermia core cooling technology designed to protect the brain during cardiac arrest and traumatic brain injury. Separately, Dynasil and Mayo Clinic are working together on a blood storage technology designed to extend the shelf life of blood products.

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Danaher Corporation to Acquire X-Rite, Incorporated

Danaher Corporation (NYSE:DHR ) announced today that it has entered into a definitive merger agreement with X-Rite, Incorporated (NASDAQ: XRIT ) pursuant to which Danaher will acquire X-Rite by making a cash tender offer to acquire all of the outstanding shares of common stock of X-Rite at a purchase price of $5.55 per share, for an enterprise value of approximately $625 million, including debt assumed and net of cash acquired. 

X-Rite is a global leader in color measurement technology. The company, which includes design industry color provider Pantone, develops, manufactures, markets and supports innovative color solutions through measurement systems, software, color standards and services. Upon closing X-Rite will be part of Danaher`s Product Identification group.

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Valpey-Fisher Corporation to be Acquired by CTS Corporation

CTS Corporation (“CTS”) (NYSE: CTS - News) and Valpey-Fisher Corporation (“Valpey-Fisher”) (Nasdaq:VPF - News) announced today that they have entered into a definitive merger agreement providing for the cash acquisition of Valpey-Fisher by CTS. Upon closing of the transaction, Valpey-Fisher will operate as an indirect wholly-owned subsidiary of CTS.

Pursuant to the terms of the definitive agreement, CTS will acquire 100% of the issued and outstanding equity of Valpey-Fisher for $4.15 per share in cash. Valpey-Fisher’s Board of Directors has unanimously approved the merger and recommends that Valpey-Fisher’s stockholders vote in favor of the transaction. The transaction is subject to customary closing conditions and approval of Valpey-Fisher’s stockholders.

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Luna Innovations and Intuitive Surgical Extend Relationship

Luna and Intuitive agree to continue work integrating shape sensing technology and medical robotics

Luna Innovations Incorporated (NASDAQ: LUNA) announced today that it has agreed with Intuitive Surgical, Inc. (NASDAQ:ISRG), to extend its development efforts under its development and supply agreement with Intuitive towards further integrating Luna's shape sensing technology into Intuitive's products.

In June 2007, Luna and Intuitive entered into a multi-year development and supply agreement under which Luna would supply and license to Intuitive its fiber optic based shape sensing system for integration into Intuitive's medical robotics products. Intuitive is the global technology leader in robotic-assisted minimally invasive surgery.

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Dynasil Corporation Announces Patent Approvals For Advanced Radiation Detection and Increased Detector Production Capacity

Dynasil Corporation (NASDAQ GM:DYSL), announced today that its research division, Radiation Monitoring Devices, Inc. (RMD), also of Watertown, was granted additional U.S. patent claims for advances in a detector material capable of responding independently to both neutron and gamma radiation. This advancement is of critical national importance because the most commonly available technology for detecting neutrons in Homeland Security applications, specifically neutron detectors based on gaseous Helium-3, is becoming impractical because of serious limitations on the availability of this gas.

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