Revenues for the 6 months ended March 31, 2005 were $1,878,212 an
increase of 54% over revenues of $1,216,963 for the 6 months ended
March 31, 2004. 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.

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03)
Diluted $0.com.

Lucent Technologies designs and delivers the systems, services and
software that drive next -generation communications networks.

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It
has generated more than 30,000 patents since 1925 and has played a pivotal
role in inventing or perfecting key communications technologies, including
transistors , digital networking and signal processing, lasers and fiber-optic
communications systems, communications satellites, cellular telephony,
electronic switching of calls, touch-tone dialing, and modems.

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The Company is pleased to have strengthened its management
team during the quarter with the addition of Laura Lunardo as CFO and
Chief Operating Officer of Optometrics Corporation as well as Fran
Ciancarelli becoming Vice President- Sales and Marketing.02) $0., Lucent Technologies'
(NYSE: LU) Bell Labs today announced that Rod C. For more information on Lucent Technologies, which has
headquarters in Murray Hill, N.J.

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The addition of Optometrics is expected to approximately
double Dynasil's revenues as well as add significant profitability. Dunham.

About Dynasil: Founded in 1960, Dynasil Corporation of America is
a fabricator of optical blanks from synthetic fused silica, fused
quartz and other optical materials as well as optical components and
specialized optical systems.00 ( $0. He also serves on the European
Conference on Optical Communication (ECOC) Executive Management Committee . Bell Labs
scientists have received six Nobel Prizes in Physics, nine U.

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These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act.

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Excluding the impact of Optometrics, Dynasil's historic business
delivered a sales increase of 48% and a second consecutive profitable
quarter. In addition, his work has resulted in the demonstration
of novel waveguide electro-optical devices and circuits, widely tunable lasers
and photonic switching systems .

About Bell Labs and Lucent Technologies
Bell Labs is the leading source of new communications technologies., USA, visit http://www.lucent.

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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 -KSB and in the Company's other Securities and
Exchange Commission filings, continuation of existing market
conditions and demand for our products.

Bell Labs' Physicist Rod Alferness Receives 2005 IEEE Photonics Award at Optical Fiber Conference (OFC)

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Dynasil Announces Second Quarter Fiscal Year 2005 Results

06 Million, EBITDA of $380,000, and net income before taxes of
$258,000. National Medals of Technology(R).

About this category: This category lists companies that design or manufacture precision optical components including lenses, mirrors, beamsplitters, windows, diffraction gratings, and assembled optics such as prisms and beamsplitters.

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The results for the
quarter and 6 months ended March 31 , 2005 include 23 days of
Optometrics' results of operations from March 9, 2005 through March
31 , 2005.

This news release may contain forward-looking statements usually
containing the words "believe," "expect," or similar expressions.00 ($0. National
Medals of Science and eight U.

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"Dynasil's historic business has been improved to
be profitable for the last two quarters and I am excited about the
benefits from the addition of Optometrics," added Mr.02) $0.
Alferness was a co-originator and Bell Labs' program director of the DARPA
(U.S.

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Dunham,
President and CEO .03)

ANAHEIM, Calif.
Alferness has authored more than 100 papers, holds more than 35 patents
and has authored five book chapters. Lucent's customer
base includes communications service providers, governments and enterprises
worldwide.

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Business Editors

WEST BERLIN, N.03 per share, for the 6 months ended
March 31, 2004.
"The completion of the Optometrics acquisition and the anticipated
benefits from combining the two companies is expected to add
significantly to Dynasil profitability," said Craig T. He is a past president of the IEEE Lasers and Electro-Optics
Society (LEOS), and has served on the board of directors of OSA.

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" Photonic technologies generally include lasers, optical switches
and other network elements that transmit signals in the form of light over
optical fibers.

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His ongoing leadership and sustained contributions
to the opto-electronics field, including many novel optical transmission
technologies, have been a key part of defining today's optical networks, as
well as helping to define tomorrow's next generation of optical networks. Defense Advanced Research Projects Agency) -- sponsored MONET program
that demonstrated the feasibility of wavelength switched optical networks in
the mid-1990s.S.bell-labs.

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The net profit for the quarter ended March 31, 2005 was
$12,677, or a positive $. Alferness, senior vice
president , Optical Networking and Photonics Research, received the 2005 IEEE
(Institute of Electrical and Electronics Engineers) Photonics Award.com.

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----Dynasil
Corporation of America (OTCBB:DYSL), fabricator of optical blanks from
synthetic fused silica, fused quartz, and other optical materials for
the semi-conductor , laser, space and optical components industries,
and through its subsidiary, Optometrics Corporation , a worldwide
supplier of optical components including diffraction gratings, thin
film filters , laser optics, monochromators, and specialized optical
systems, announced results of operations for the 2nd quarter ended
March 31, 2005.
Among his notable achievements, Alferness invented and demonstrated a
family of integrated optics devices in lithium niobate, including some of the
first tunable wavelength filters and optical switch/modulators that form the
basis for many of today's wavelength division multiplexing (WDM) optical
networking systems.

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Revenues for the quarter ended March 31, 2005 were $1,097,026, an
increase of 85% over revenues of $594,469 for the quarter ended March
31, 2004.01 ($0.

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The
award, sponsored by IEEE Lasers and Electro-Optics Society, honors outstanding
achievements in the field of photonics, and was presented at the Optical Fiber
Conference (OFC) being held from March 6-11 in Anaheim, Calif.
Alferness was honored for "seminal contributions to enabling photonics
technologies and for visionary leadership in their application to networks and
systems.
Since joining Bell Labs in 1976, after receiving a Ph.D. in physics from
the University of Michigan, Alferness has held a variety of positions,
including Chief Technology Officer and Advanced Technology and Architecture
vice president, Optical Networking Group, and head of the Photonics Networks
Research Group, Bell Labs.

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J. For calendar year 2004, Optometrics LLC had revenues of
$3.
Throughout his career, Alferness has been a leader in optical switching
and modulation technology and architecture, championing a vision of optical
layer networking that supports higher capacity and lower complexity for
communications networks.

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As previously announced, the acquisition of the assets of
Optometrics LLC was completed on March 8, 2005.01 per share, compared with a net loss
of $72, 905, or a negative $0.00 ( $0. He was
Editor of the Journal of Lightwave Technology . Backed by Bell
Labs research and development, Lucent uses its strengths in mobility, optical,
software , data and voice networking technologies, as well as services, to
create new revenue-generating opportunities for its customers, while enabling
them to quickly deploy and better manage their networks.

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00 per share, compared with a net loss of
$46,873, or a negative $.02 per share, for the quarter ended March 31,
2004.

DYNASIL CORPORATION OF AMERICA AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
ASSETS

March 31 September 30
2005 2004
---------- ----------
Current assets
Cash and cash equivalents $ 412,839 $ 254,908
Accounts receivable 770,692 309,276
Inventory 861,132 369,813
Other current assets 123,773 16,656
---------- ----------
Total current assets 2,168,436 950,653

Property, Plant and Equipment, net 777,365 419,718

Other Assets
Deferred financing costs 18,595 3 ,321
Intangibles 78,414 0
---------- ----------
Total Other Assets 97,009 3,321
---------- ----------
Total Assets $3,042,810 $1,373,692
========== ==========


LIABILITIES AND STOCKHOLDERS ' EQUITY

Current Liabilities
Note payable to bank- Line of credit $250,000 $ 0
Current portion - long-term debt 155,746 120,000
Accounts payable 313,029 184,214
Accrued expenses 331,261 114,959
---------- ----------
Total current liabilities 1,050,036 419,173

Long-term Debt, net 714,454 488,889

Stockholders' Equity 1,278,320 465,630
---------- ----------
Total Liabilities and Stockholders' Equity $3,042,810 $1,373,692
========== ==========

DYNASIL CORPORATION OF AMERICA AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED)


Three Months Ended Six Months Ended
March 31 March 31
2005 2004 2005 2004
------------------- ----------------------
Sales $1,097,026 $594,469 $1,878 ,212 $1,216,963

Cost of Sales 816,113 457,361 1,396,799 919,907
---------- -------- ---------- -----------
Gross Profit 280,913 137,108 481,413 297,056

Selling, general and
administrative 256,977 175,923 443,698 354,502
---------- -------- -------- -- -----------
Income (Loss) from
Operations 23,936 ( 38,815) 37,715 (57,446)

Interest expense - net (11,259) (8,058) (18,962) (15,459)
---------- -------- ---------- -----------
Income (Loss) before Income
Taxes 12,677 (46,873) 18,753 (72,905)

Income Taxes 0 0 0 0
---------- --------- ------ ---- ----------

Net Income (Loss) $12,677 ($46,873) $18,753 ($72,905)
========== ========= ========== ==========
Net Income (Loss) per share
Basic $0. He is a member of the National Academy
of Engineering, as well as a Fellow of the IEEE and the Optical Society of
America (OSA).

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The net profit for the 6 months ended March 31, 2005
was $18,753, or a positive $0.S. For more
information about Bell Labs, visit its Web site at http://www.

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