DGAP-News: Dyesol Limited: Dyesol and CSIRO Collaborate On Higher Performing Materials
(firmenpresse) - Dyesol Limited / Miscellaneous/Miscellaneous
30.06.2010 08:19
Dissemination of a Corporate News, transmitted by
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June 30, 2010 Dyesol (ASX: DYE), a world leader in the commercialisation of
dye solar cell (DSC) technology, and CSIRO announced completion of
transaction documents for a collaboration to develop higher performing dyes
in a two year project that will be funded by an investment of up to $1.17
million from CSIRO's Australian Growth Partnership (AGP) programme.
Under the terms of the collaboration, Dyesol will project manage a
specialised team of experienced scientists from CSIRO to work with the
Company on an agreed development program leveraging Dyesol's deep knowledge
of ruthenium based dyes and CSIRO's extensive modelling and research
capability. The program will target the creation of new intellectual
property (IP) that the Company expects will further reinforce its market
leadership position in the DSC photovoltaic market. Under the terms, Dyesol
can exclusively access the project IP.
Ruthenium based dyes, known as organo-metallic dyes, are at the core of DSC
technology. DSC requires the deposition of nano-particulate titania,
ruthenium dyes and an electrolyte, sandwiched between suitable substrates,
capturing light and, through an electrochemical process, converting it into
energy. DSC is particularly suited to building integrated photovoltaic
(BIPV) applications offering an energy solution to the built environment
which is the largest consumer of electrical power globally.
Dyesol Australia's Acting CEO, David Bundy said: 'This project builds on
the foundations of Dyesol's commercialisation strategy in which
partnerships with global companies such as CORUS (Tata Steel) and the
collaboration with Pilkington NA, are complemented by programs with
technology leaders like the CSIRO providing us both with access to valuable
IP in higher performing materials as well as powerful access to high value
markets.'
The transaction involves the purchase of a Dyesol laboratory solution by
CSIRO, a direct investment into Dyesol via the AGP program and in-kind
contributions from both CSIRO's Energy Transformed Flagship and Dyesol
itself.
Should the program outcomes be achieved, the terms of the financing
facility provides Dyesol with flexibility in respect to its preferred
repayment options including the issue of equity to CSIRO and/or royalty
stream participation.
Dyesol believes that once executed, this world-class partnership will add
to those already in place, offering it an exceptional opportunity to
leverage the R&D capability of its collaborators with the application
development experience of its commercial partners to support the business
model that will deliver DSC products to the world market.
For further information contact Viv Hardy at Callidus PR on +61 (0)2 9283
4113 or on +61 (0)411 208 951.
In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177
6058804
Note to editors
About 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 many times stronger than that
found in natural photosynthesis in plants. 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.
About the Commonwealth Scientific and Industrial Research Organisation and
AGP
The Commonwealth Scientific and Industrial Research Organisation, CSIRO, is
Australia's premier research organisation which provides scientific
solutions to industry, governments and communities around the world. The
CSIRO's role is to deliver great science and innovative solutions for
industry, society and the environment. The organisation works on new ways
to improve quality of life, as well as the economic and social performance
of a number of industry sectors through research and development.
Australian Growth Partnerships (AGP) is a competitive, merit-based pilot
funding program managed by CSIRO. CSIRO has been allocated funds by the
Commonwealth Government to provide funding to high potential,
technology-receptive small and medium enterprises in order that they can
access CSIRO research and development capability and intellectual property.
About the Company - DYESOL Limited
Dyesol is located in Queanbeyan NSW (near Canberra) and in August 2005 was
listed on the Australian Stock Exchange (ASX Code 'DYE'). Dyesol
manufactures and supplies a range of dye solar cell products comprising
equipment, chemicals, materials, components and related services to
researchers and manufacturers of DSC. The Company is playing a key role in
taking this third generation solar technology out of the laboratory and
into the community.
More detail about the company and the technology can be found at:
http://www.dyesol.com
For more information, visit http://www.csiro.au/AGP
DISCLAIMER
CSIRO does not take responsibility for this announcement nor can it make
any representation or warranty as to the accuracy or completeness of any
statement contained in it.
For further information contact Viv Hardy at Callidus PR on +61 (0)2 9283
4113 or on +61 (0)411 208 951.
In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177
6058804
30.06.2010 08:19 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 30.06.2010 - 08:19 Uhr
Sprache: Deutsch
News-ID 23209
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