DGAP-News: Dyesol Limited: Dyesol Successfully Raises $5 Million
(firmenpresse) - DGAP-News: Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous
Dyesol Limited: Dyesol Successfully Raises $5 Million
28.03.2012 / 08:53
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Dyesol Successfully Raises $5 Million
Queanbeyan, Australia - 28 March 2012 - Australian 'clean-tech' company,
Dyesol Limited (ASX: DYE, OTCQX: DYSOY, FBW: D5I.F), has raised a total of
AUD $5 million, through take-up by shareholders of the recent Share
Purchase Plan and a supplementary placement to sophisticated investors.
The transaction was partly underwritten by Octa Phillip Securities for a
total of $3 million and, consequently, there was no shortfall to the
underwriter.
In addition to the approximate $3.9 million of proceeds raised from the
Share Purchase Plan, the Company has also placed $1.1 million in shares at
18 cents per share to sophisticated investors, comprised principally of
existing sophisticated investor shareholders. The total number of shares to
be issued will be approximately 27.78 million.
'The Company is deeply gratified by the strong financial support from
Dyesol shareholders and looks forward to reporting exciting developments in
our world-class partner projects in the coming weeks and months.' Dyesol
Chairman Richard Caldwell stated.
Dyesol is a global supplier of Dye Solar Cell (DSC) materials, technology
and know-how. The Company supplies photovoltaic enabling technology and
materials to manufacturers seeking to value-add photovoltaic capability
into their products, such as glass building façade or steel roofing
products.
DSC is a third generation photovoltaic technology enabling metal, glass and
polymeric based products in the building, transport and electronics sectors
to generate clean electricity and improve energy efficiency.
DSC is a biomimetic nanotechnology which mimics the natural process of
photosynthesis to generate energy from (sun) light. Special advantages of
DSC technology is good performance in shade, haze/pollution, vertical
installation, and at dawn and dusk - i.e. real world solar conditions.
Radio Interview: To hear more about the capital raising results, listen to
a radio interview with Dyesol Chairman Richard Caldwell airing 29 March
2012. Visit Dyesol's Audio Library to listen to the interview - visit
www.dyesol.com go to the Investors tab then click on Dyesol Broadcast or
click here.
Join Mailing List: Sign up to Dyesol's e-mailing list to receive company
news and announcements such as this when they happen. Join the mailing
list via the Dyesol homepage www.dyesol.com or click here.
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. The company is listed on the Australian
Stock Exchange (DYE), the German Open Market (D5I.F), 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
Dyesol Angela Geary, Dyesol Brand Manager Tel: +61 (0)2 6299
Headquarters 1592, ageary(at)dyesol.com
USA&the Josh Seidenfeld, Antenna Group Tel: +1 415 977 1953,
Americas dyesol(at)antennagroup.com
Germany&Eva Reuter, DR Reuter Investor Relations Tel: +49 177
605 Europe 8804
End of Corporate News
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28.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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162624 28.03.2012
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Datum: 28.03.2012 - 08:53 Uhr
Sprache: Deutsch
News-ID 129179
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Kategorie:
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