DGAP-News: Dyesol Limited: Dyesol Announces OTCQX Quotation in USA
(firmenpresse) - DGAP-News: Dyesol Limited / Key word(s): Miscellaneous
Dyesol Limited: Dyesol Announces OTCQX Quotation in USA
01.02.2012 / 07:49
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Dyesol Announces OTCQX Quotation in USA
Queanbeyan, Australia, 31 January 2012 - In response to increased US
investor enquiries and as part of a determined bid to diversify its
shareholder base and increase liquidity, dye sensitized solar cell
frontrunner, Dyesol Limited (ASX:DYE, FWB: D5I, OTCQX:DYSOY), has upgraded
from the Over-the-Counter (OTC) Pink marketplace in the U.S.A. to the top
tier of the OTC market - the OTCQX.
This move significantly increases information transparency to U.S.
investors by providing a full recordof all company announcements, financial
reports and shareholder notifications from the preceding 24 months and a
vehicle for easy access to quotes, company announcements and other
disclosures in real-time.
The OTCQX marketplace is exclusively for companies that meet the highest
financial standards and undergo a qualitative review.
The Bank of New York Mellon is Dyesol Ltd.'s Principal American Liaison and
the company launched its Level 1 American Depositary Receipt (ADR) program
in early 2011 at a ratio of 1 ADR to 20 Australian shares.
'Increased investor interest in the United States is being driven by the
Dyesol Ltd. American subsidiary, Dyesol Inc., joint venture with Pilkington
North America called Dyetec Solar, and by the mandate to incorporate
'sustainability' and 'green investment' options into a growing number of
investment portfolios,' said Dyesol Chairman Richard Caldwell.
'Dyesol is at the cutting edge in the photovoltaic industry as the supplier
of Dye Solar Cell (DSC) materials, technology and know-how to multinational
manufacturing partners across the globe. Our DSC photovoltaic technology
enables metal, glass and polymeric based products in the building,
transport and electronics sectors to generate energy and improve energy
efficiency.' Mr. Caldwell said.
'Integrated into building and automotive products, DSC has the ability to
turn buildings and vehicles into efficient, aesthetic, and inexpensive
power generators. With a number of pilot programs successfully completed,
Dyesol, an Australian headquartered company, and its Joint Venture (JV)
partners across the world are on track to offer DSC as a large-scale
commercial product within the next few years.' Joint-Founder and company
Director, Sylvia Tulloch explained.
U.S. retail-oriented broking houses and institutions with obligations to
invest only in U.S. traded stocks will be able to add 'green investment' to
their portfolios with Dyesol equity.
The establishment of Dyesol's ADR program - and now successful trading on
the OTCQX - creates a broader secondary market for Dyesol's securities and
enables U.S. investors to trade in the Company's securities without the
concern of cross-currency transactions.
The Company - DYESOL Limited
Dyesol is a global supplier of Dye Solar Cell (DSC) materials, technology
and know-how. DSC is a photovoltaic technology enabling metal, glass and
polymeric based products in the building, transport and electronics sectors
to generate energy and improve energy efficiency. Dyesol partners with
leading multinational companies who possess significant market share and
established routes-to-market. Dyesol Ltd. is listed on the Australian
Stock Exchange(DYE), the German Open Market (D5I), and is trading on the
OTCQX (DYSOY) through its depositary BNY Mellon. Learn more:
www.dyesol.com Subscribe to Mailing List and eNewsletter here.
The Technology - DYE SOLAR CELLS
DSC technology can best be described as 'artificial photosynthesis' using
an electrolyte, a layer of titania (a pigment used in white paints and
tooth paste) and ruthenium dye deposited on glass, metal or polymer
substrates. Light striking the dye excites electrons which are absorbed by
the titania to become an electric current. Compared to conventional silicon
based photovoltaic technology, Dyesol's technology has lower cost and
embodied energy in manufacture, it produces electricity more efficiently
even in low light conditions and can be directly incorporated into
buildings by replacing conventional glass panels or metal sheets rather
than taking up roof or extra land area.
--Ends--
Media&Investor Relations Contacts:
Australia - Viv Hardy, Callidus PR - Tel: +61 (0)2 9283 4113 or +61 (0)411
208 951.
Germany&Europe - Eva Reuter, DR Reuter Investor Relations - Tel: +49 177
6058804.
USA&the Americas - Josh Seidenfeld, Antenna Group PR - Tel: +1 415
9771953, dyesol(at)antennagroup.com.
Dyesol headquarters, Australia - Angela Geary, Dyesol Brand Manager - Tel:
+61 (0)2 6299 1592, ageary(at)dyesol.com.
End of Corporate News
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Datum: 01.02.2012 - 07:49 Uhr
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