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SUBSIDIARIES OF THE COMPANY

Name of Subsidiary	State or Jurisdiction of Incorporation
DMC Korea Inc.	Colorado
DynaEnergetics Europe GmbH	Germany
DYNAenergetics Canada Inc	Canada
NobelClad Europe GmbH	Germany
DynaEnergetics US, Inc	Colorado
Dynamic Materials Corporation (HK) Ltd	Hong Kong
Nobelclad Europe Holdings GmbH	Germany
DYNAenergetics Siberia Limited	Russia
Nobelclad Europe SAS	France
Dynamic Materials Corporation (Shanghai) Trading Co. Ltd.	China