DGAP-News: Dyesol Limited: Dyesol and Pilkington NA Form Joint Venture - DyeTec Solar

Dyesol Limited / Miscellaneous/Miscellaneous

11.06.2010 07:53 

Dissemination of a Corporate News, transmitted by
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The collaboration between Dyesol Inc., (DYE) and Pilkington North America
(PNA) has resulted in the formation of a new company, DyeTec Solar (DTS).
PNA is part of the NSG Group (NSG), one of the world's largest
manufacturers of glass and glazing products for the building, automotive
and specialty glass markets and the leading supplier of Transparent
Conductive Oxide (TCO) glass, and Dyesol is recognized as the world leader
in dye solar cell (DSC) products and technology. DTS will be located in
Toledo OH, near PNA's corporate R&D centre.

DTS will develop and deliver the Standard Technology Platform (STP)
solution for mass manufacture of BIPV (Building Integrated Photovoltaics),
AIPV (Automotive Integrated Photovoltaics), as well as interior PV
generating glass based products, powered displays and security devices. The
STP is a configurable manufacturing equipment set and related processes
that are designed to leverage optimised TCO and DSC materials from PNA and
Dyesol, respectively, and enable downstream suppliers in the global glass
market to mass manufacture, high performing DSC - TCO glass based products.

Marc Thomas, Dyesol Inc.'s chief executive officer states, 'It is rare
opportunity to participate in a partnership where our corporate interests
are so well aligned and focused'. DTS will leverage PNA and Dyesol's long
established R&D and manufacturing resources which represent thousands of
man years of expertise in glass, TCO and DSC.'

BIPV represents the single largest market for DSC and TCO products,
followed closely by AIPV.  DTS will collaborate and assist companies
globally, including existing customers and routes to market, to capture a
significant share of the nearly 50 million tons of flat glass produced
annually, of which 90% is used in buildings. Where most photovoltaic
technologies work well while facing the sun, DSC based products allow all
sides of a building to be electrically productive, and capable of producing
power all day, every day, even in less than ideal conditions.

William McCreary, the founding chairman of DyeTec Solar states, 'The unique
technologies from the shareholders will allow DTS to develop new products
that truly enable the BIPV market to become a reality, while providing pull
through sales for TCO glass and DSC for the owners.  The leadership of DTS
will come from key members of each shareholder, who represent several
hundred years of experience in the specific technologies, as well as
commercialising entrepreneurial start-ups. DTS will represent another
excellent company in the Northwest Ohio 'Solar Valley'.'


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
In the Americas contact Marc Thomas, 415-279-1407


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.

About Pilkington
Pilkington is 100% owned by the NSG Group. The NSG Group is one of the
world's largest manufacturers of glass and glazing products for the
building, automotive and specialty glass markets. Employing around 31,400
people, it has manufacturing operations in 29 countries and sales in 130
countries. Geographically, approximately half its sales are in Europe, one
quarter in Japan and the rest primarily in the Americas, South East Asia
and China. The Group operates three world-wide business lines. Building
Products supplies glass for interior and exterior glazing in buildings and
for the growing Solar Energy sector. Automotive serves the original
equipment, replacement and specialised transport glazing markets. Specialty
glass products include very thin glass for displays, lenses and light
guides for printers and glass fibre, used in air filters and engine timing
belts.

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 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
In the Americas contact Marc Thomas, 415-279-1407




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