DGAP-News: Dyesol Limited: Dyesol Receives Green Light for Major Expansion in Japan

DGAP-News: Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous
Dyesol Limited: Dyesol Receives Green Light for Major Expansion in
Japan

25.05.2011 / 10:10

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Dyesol Receives Green Light for Major Expansion in Japan

The Ministry of Economy Trade and Industry (METI) in Japan has announced
that Dyesol Japan is one of only five companies from around the world to be
awarded a subsidy (grant) to support the establishment of a major R&D
facility in Japan. A total of five international companies have been
offered R&D subsidies as part of a JPY2.5 Billion programme, including the
IT services giant salesforce.com. Dyesol is the only solar energy company
to be offered support. The evaluation and selection process was performed
by independent experts.

METI states that 'the Subsidy Program for Promoting Asian Site Location in
Japan is intended to sustain and strengthen high-value-added business sites
in Japan and to achieve sustainable growth of the Japanese economy by
supporting the establishment of new high-value-added sites in Japan, which
have been proven to have a significant impact on the Japanese economy and
by attracting and concentrating high-value-added business operations that
match the strength of the Japanese economy.'

'Projects were judged based on their uniqueness, added value and potential
ripple effects on the Japanese economy, as well as on their overseas
locational competitiveness.'

With the assistance of the Japanese government, Dyesol intends to establish
a materials integration centre in what it considers to be the centre for
materials R&D in Asia. For Dyesol this is a strategic and tactical success
that will establish one of the major pillars to enable its on-going
leadership in the field of Dye Solar Cells. The project is expected to
commence in July 2011 and facilities will be fully operational by late
2012.

The many benefits for Dyesol include:
- The new Dyesol Japan R & D centre will provide access to excellent IP
generation capability and facilitate working relationships with centres of
research in Japan. Enhancements to existing IP for next generation
technology will ensure Dyesol stays on its path to higher industrial
efficiency. This demonstrates Dyesol's continuing commitment to global
partners such as Tata to stay at the forefront of DSC technology efficiency
improvements;
- The facilities will be a substantial expansion of its R&D activities in
Japan and will allow Dyesol to expand its ability to service the Asian
market place with the best quality and performance in DSC materials and
devices; and
- The project provides Dyesol with the government imprimatur that will
greatly assist in entering collaborative industrialisation projects with
key Japanese corporations in the field, especially in consumer electronics.

Dyesol is honoured that METI has selected our company to be part of the
next generation of Japanese R&D and we are committed to make this project
an early success.

Dr Gavin Tulloch, Dyesol's Director of Technology, said 'The IP that will
be generated by the new R & D centre in Japan will expedite and add
considerable value to our partner projects around the world.'


For further Information on Dyesol Japan: Ken McKeen (President Dyesol Asia)
+81 (0) 80 3311 0562 or Miho Kanamori (Director Dyesol Japan) +81 (0) 90
8342 3084.


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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126102 25.05.2011