DGAP-News: Dyesol Limited: Dyesol to Join SPECIFIC as Industrial Partner
(firmenpresse) - DGAP-News: Dyesol Limited / Key word(s): Research Update
Dyesol Limited: Dyesol to Join SPECIFIC as Industrial Partner
04.11.2013 / 02:52
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Queanbeyan, Australia, 4 November 2013 - Dyesol has entered formal
discussions to finalise the terms for its role as an Industrial Partner at
the Sustainable Product Engineering Centre for Innovative Functional
Industrial Coatings (SPECIFIC), South Wales. SPECIFIC is a£20 million,
5-year project, located at the Baglan Bay Innovation and Knowledge Centre
and a powerful partnership that includes leading U.K. university groups
such as Swansea, Imperial College, Bath, Bangor, Cardiff, Glyndwr and
Strathclyde as well as multi-national companies, including BASF, Pilkington
and Tata. SPECIFIC is considered a world leader in innovation and
functionalising the building envelope for energy capture, storage and
release.
With SPECIFIC, Dyesol will focus on Solid State DSC Electrical Optimisation
and Process Engineering. Dyesol's inclusion in SPECIFIC is intended to
accelerate the industrialisation of its revolutionary solar technology by
focusing on key areas of development. Dyesol's recently completed Business
and Technology Development Plans seek to maximise financial returns on its
significant historical investment in research and development.
The SPECIFIC initiative is in addition to Dyesol's engagement in advanced
negotiations to increase its presence at EPFL in Lausanne, where it will
have an expert team to fast-track the scale-up of the new solid-state
material set. Together, Dyesol and EPFL have achieved 15% solar conversion
efficiency and are confident of further improvements. Solid State DSC is
projected to achieve a lower Levelised Cost of Electricity than 1st and 2nd
Generation solar technologies and compete successfully with fossil fuels
without the assistance of feed-in tariffs. The co-ordinated activity aims
to achieve mass manufacture of solid-state DSC glass and steel Building
Integrated Photovoltaic applications by 2016/17.
The rationalisation of its global activities will result in Dyesol closing
DyeTec Solar in the US where it has worked with Pilkington North America, a
subsidiary of Nippon Sheet Glass of Japan. Dyesol is also well advanced in
its initiatives to secure a substantial pre-commercialisation government
grant which, if successful, will accelerate solid state DSC glass
development activities in Australia.
Richard Caldwell, Dyesol's Executive Chairman commented: 'Dyesol's
collaboration with SPECIFIC is another important step in the
industrialisation of our revolutionary DSC technology. The new positioning
in Wales provides us with strong independence and allows us to have greater
control over exploitation of our IP and industrialisation. The UK and
European markets have always been a high priority for Dyesol and we feel
very gratified to be recognised by SPECIFIC in this meaningful way. In our
view, Wales is maintaining its global, government leadership in responsibly
providing for the New Economy.'
For more information on SPECIFIC please see www.specific.eu.com.
About 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 energyefficiency. 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), and is trading on the
OTCQX (DYSOY) through its depositary BNY Mellon. Learn more and subscribe
to our mailing list: www.dyesol.com.
About Dye Solar Cell Technology
DSC technology can best be described as 'artificial photosynthesis' using a
layer of nano-titania (a pigment used in white paints and tooth paste) and
light harvester deposited on glass, metal or polymer substrates. Light
striking the harvester 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:
Dyesol Headquarters Angela Geary, Dyesol Brand Manager Tel: +61 (0)2 6299
1592, ageary(at)dyesol.com
Australia Viv Hardy, Callidus PR Tel: +61(0)2 9283 4113 or +61 (0)411 208
951, viv(at)calliduspr.com
Germany&Europe Eva Reuter, DR Reuter Investor Relations Tel: +49 177 605
8804, e.reuter(at)dr-reuter.eu
- See more at:
http://www.dyesol.com/posts/cat/corporate-news/post/dyesol-to-join-specifi
c-as-industrial-partner/#sthash.MARX5sYf.dpuf
End of Corporate News
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Datum: 04.11.2013 - 02:52 Uhr
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