Exhibit 21.1

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 SA	France
Dynamic Materials Corporation (Shanghai) Trading Co. Ltd.	China
Arcadia Products, LLC	Colorado
3225 E. Washington Blvd., LLC	California