SOURCE: Dyesol Ltd

Dyesol Ltd

February 02, 2011 12:17 ET

DyeTec Wins Ohio State Development Grant

SACRAMENTO, CA--(Marketwire - February 2, 2011) - Dyesol Ltd (ASX: DYE) announced today that DyeTec Solar Inc., a joint venture involving Dyesol Inc., a wholly owned subsidiary of Dyesol Ltd. will receive a US $950,000 Ohio Third Frontier Commission grant to develop technology for mass manufacture of glass-based BIPV (Building Integrated Photovoltaics), BAPV (Building Applied Photovoltaics) and AIPV (Automotive Integrated Photovoltaics) products.

DyeTec's technology is designed to utilize optimized Transparent Conductive Oxide (TCO) glass and Dye Solar Cell (DSC) materials manufactured by the JV partners, and enables downstream suppliers in the glass market to mass produce high performing DSC - TCO glass-based products for use in BIPV, BAPV and AIPV environments. Initial efforts will result in the development of prototype DSC-based BIPV glass panels and related equipment sets, laying the foundation for future high volume manufacturing capability.

"We are fortunate that DyeTec is able to leverage Toledo's rich history in glass processing and solar technology as well as a talented workforce. And with strong government and shareholder support, Ohio represents an ideal environment for DyeTec Solar to grow its R&D and manufacturing centers," said Marc Thomas, CEO of Dyesol Inc. and President of DyeTec Solar.

BIPV and BAPV represent the single largest markets for both DSC and TEC technology. Commercial and residential building consumes over 70% of all the energy used in the US today; of that 70%, over 25% is in the form of electricity. This 25% equates to a demand of approximately 820 GW in the built environment. By contrast, in 2008, total PV deployment in the US was .6 GW. DyeTec's glass-based DSC technology is ideally suited to capture and convert the light on all sides of a building into electricity for immediate use within the building, and/or supply electricity directly into the grid.

Richard Caldwell, Executive Chairman of Dyesol Limited and Director of DyeTec Solar, noted, "Dyesol is poised to respond to this extraordinary opportunity. Here we bring together the very best possible partners to assist in providing an energy solution for the global market place. Glass-based DSC products have the ability to transform the utility of any light-absorbing surface, and their commercial potential is very considerable."

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 toothpaste) 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 detail about the company and the technology can be found at: http://www.dyesol.com

Contact Information

  • For further information contact
    Viv Hardy
    Callidus PR
    +61 (0)2 9283 4113 or +61 (0)411 208 951


    In Europe contact
    Eva Reuter
    Investor Relations
    Dyesol Europe
    +49 177 6058804


    In the Americas contact
    Marc Thomas
    415-279-1407