Dyesol Limited / Miscellaneous/Miscellaneous 30.07.2010 09:45 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Dyesol progressed further in the final quarter of the financial year with technological collaborations and a restructuring to seriously fast track growth and commercialisation. The Company has announced: * The collaboration with CSIRO 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. * The collaboration between Dyesol Inc. and Pilkington North America, which resulted in the formation of a new company, DyeTec Solar (DTS). DTS will develop and deliver the Standard Technology Platform 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. * Successful completion of the Corus Industrial Development Phase of DSC on Steel Project (in early July). To implement the three year strategic commercialisation plan, Dyesol has embarked on a major restructure with the appointment of a new CEO, Clemens Betzel who will significantly strengthen the management team. This signals a greater commercial focus. Consistent with this approach, the company will fast track its major projects and further invest in R&D support that will ensure future generations of product and that the roadmap for industrialisation continues to advance. The Corus and Pilkington projects remain the cornerstones of Dyesol's business plan. In particular, good progress has been made towards the joint project between Dyesol and Corus to industrialise dye solar cell technology on steel for continuous manufacture of integrated building products, with the presentation in early July of the achievements and final milestone elements of the 2 year R&D phase. Dyesol and Corus are now working on the business case for volume production. In addition, other similar and significant transactions are also currently being evaluated by board and management. We continue to remain confident of informing the market of these developments when they are structured and funded to our satisfaction. During the quarter the company also successfully completed the share placement of $12m predominantly to European and domestic institutions. Stage 1 of the CSIRO project commenced with the funding receipt of $462K for the provision of research services. Operational expenditures remained steady with no long-term borrowings and the company closed the quarter with $13.1m cash at bank. 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 The Technology - DYE SOLAR CELLS DSC technology can best be described as 'artificial photosynthesis' using a layer of nanoparticulate titania (a pigment used in white paints and tooth paste) coated with a dye and filled with an electrolyte 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 in normal 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 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. Dyesol has subsidiaries in UK, Italy, Switzerland, USA, Korea and Singapore plus representatives and agents in Turkey, Germany, Abu Dhabi, Malaysia, Taiwan and Japan. The Company is playing a key role in taking this third generation solar technology from development into commercial production. 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 30.07.2010 09:45 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] ---------------------------------------------------------------------------
DGAP-News: Dyesol Limited: Commentary and Update - Final Quarter 2010 - 'ONE DYESOL' - Strengthened management to lead strategic commercialisation programmes
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