DGAP-News: Dyesol - Scaling up for manufacture
(firmenpresse) - DGAP-News: Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous
Dyesol - Scaling up for manufacture
29.04.2011 / 07:51
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Market Release - 29 April 2011
Commentary and Update - 3rd Quarter FY2011
Dyesol - Scaling up for manufacture
We have been very busy during the quarter in preparation for our scale-up
of the UK project with Tata Steel - planning, budgeting and resourcing. In
concert, the Sustainable Business Envelope Centre (SBEC) was opened by the
Welsh First Minister at the Shotton site where Dyesol-Tata energy efficient
steel based building products technology was on display and the
demonstration DSC on steel product from the Dyesol-Tata partnership was
presented for the first time to the outside world. The potential for the
technology is vast and both collaborators are working very closely to
ensure that the entire vertical challenge - from raw materials through to
end product - is first-class in every aspect. This level of commitment was
highlighted by an announcement during the quarter that both companies were
adding significant head-count to the PV Accelerator at Shotton.
One of the least highlighted attributes of DSC technology was graphically
on show in the wake of the Japanese tsunami. Of course, this had a
devastating and saddening impact on the people and the infrastructure of
Japan. However, it would be grossly irresponsible for the governments of
the world to ignore some of the clear lessons to be learnt, so that the
impact of such disasters can be significantly ameliorated in the future. In
its current form, nuclear power (and in fact dependence solely on
macro-grid power) is unsuited to certain geographically vulnerable regions
and is disadvantaged relative to distributed power. Distributed generation
for mass consumption is the principle that we at Dyesol are committed to
achieve through DSC in the built, mobile and portable worlds.
So, all key projects continue to make good progress. Importantly, as can be
seen, the more advanced of these projects are beginning to surface for
closer scrutiny as they attract political and commercial interest. Further,
all projects have common attributes - global scale, established routes to
market through quality partnership and support from well-funded,
comprehensive research and development programmes.
Financially, the quarter has also been pleasing. At the end of the December
quarter we forecast further improvement in cash-burn - the unavoidable
consequence of pioneering the commercialisation of a new technology. This
was reduced by over $700,000 to a monthly rate of approximately $850,000 of
largely operational expenditure which is consistent with targets set under
the revised organisational structure. Importantly, this also provides
immense knowledge and confidence in budget preparation for the next
financial year, which is well underway.
At the time of writing, the company's shares were available to trade in 3
different continents - Australia, Europe and now the United States. The
Europeans, in particular, have embraced Dyesol since listing and its
exciting commercial prospects and there is good reason to believe the US
will follow suit through the newly introduced ADR programme as the vast
prospects of the US glass project emerge through milestone success.
Also, at the time of writing the company's shares are in trading halt
pending an announcement in relation to a modest capital raising. The
company expects to announce the details imminently, but most specifically
it will be making the offer available to all eligible shareholders
primarily through an institutional placement and a share purchase plan for
retail shareholders on equal pricing terms. We consider this a great
opportunity for investment in light of the advancing prospects of all major
Dyesol commercialisation projects.
For media queries in Australia contact Viv Hardy, Callidus PR on +61 (0)2
9283 4113 or +61 (0)411 208 951.
In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177
6058804.
In the Americas contact Kathryn Harper, Antenna PR on +1 415 977 1936.
Note to editors
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.
The Company - DYESOL Limited
Dyesol is a global solar technology company and in August 2005 was listed
on the Australian Stock Exchange (ASX: 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 details about the company and the technology can be found at:
http://www.dyesol.com
End of Corporate News
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122046 29.04.2011
Datum: 29.04.2011 - 07:51 Uhr
Sprache: Deutsch
News-ID 33899
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