DGAP-News: Dyesol Limited: Dyesol Buys Back Convertible Notes
(firmenpresse) - DGAP-News: Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous
Dyesol Limited: Dyesol Buys Back Convertible Notes
23.05.2012 / 10:11
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Dyesol Buys Back Convertible Notes
Queanbeyan, Australia - 23 May 2012 - In light of its recent successful
capital raising, Australian nanotechnology and clean energy pioneer, Dyesol
Limited (ASX: DYE) (OTCQX: DYSOY) (FWB: D5I.F), has agreed with Bergen
Global
Opportunity Fund LP to buy back the remainder of the convertible notes
Bergen holds.
Dyesol will pay a total of AUD $326,062, representing the face value of the
notes plus a 10% premium.
'We believe this action will further relieve downwards pressure on the
Company's share price and allow it to recover to a level that better
reflects Dyesol's outstanding prospects.' said Dyesol Chairman Richard
Caldwell.
'While there has been unprecedented turmoil in global markets, Dyesol's
strategy of commercialising DSC for the global Building Integrated
Photovoltaic market remains sound - as does the quality of our Dye Solar
Cell (DSC) technology, especially in relation to its comparative
performance against Gen 1 and Gen 2 products in key markets in Europe,
North America and Asia.' Mr. Caldwell continued.
Dyesol's third generation Dye Solar Cell (DSC) technology has lower
embodied energy in manufacture than traditional silicon solar cells and
produces electricity well in low light, real world conditions such as
cloudy days, hazy or polluted days, dawn and dusk - not just at peak sun at
noon on a sunny day.
'DSC is great technology and a truly sustainable choice for the renewable
energy sector.' Mr. Caldwell said.
'For those wanting to reduce the energy footprint of their buildings, DSC
enabled steel roofing or windows will be an excellent choice.'
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 Andrew Pontti, Antenna Group Tel: +1 415 977 1953,
Americas dyesol(at)antennagroup.com
Germany&Eva Reuter, DR Reuter Investor Relations Tel: +49 177
Europe 605 8804
End of Corporate News
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171109 23.05.2012
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