DGAP-News: Dyesol Limited / Key word(s): Sustainability/Sustainability
Dyesol Limited: Australian Clean-Tech Company Dyesol to Benefit from
R&D Tax Scheme
29.06.2012 / 06:58
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Australian Clean-Tech Company Dyesol to Benefit from R&D Tax Scheme
Queanbeyan, Australia - 28 June 2012 - Australian 'clean-tech' innovator
and Dye Solar Cell industry leader, Dyesol Limited (FWB:D5I) (ASX: DYE)
(OTCQX:
DYSOY) is poised to benefit from the Australian Government's R&D (research
and development) tax incentive with a tax rebate estimated at around AUD $3
million to be received within the next few months.
Dyesol operates a globally integrated R&D effort focused on commercialising
the solar industry's third generation, biomimetic nanotechnology called Dye
Solar Cells.
Crossover of Dyesol's scientific and process engineering R&D activities
within regional projects in Australia, the US, Japan, South Korea, and the
UK, is a key element in the Company's collaborative global approach.
The Australian Government's new R&D tax incentive replaced the R&D tax
concession for years starting on or after 1 July 2011. It provides R&D tax
offsets to encourage more companies to engage in R&D.
The R&D tax incentive provides a 45% refundable tax offset for eligible R&D
entities, and for the first time, R&D work carried out overseas may also be
included.
'A rebate from the Australian Government of around $3 million from the R&D
tax incentive - which will be received within the next few months - is a
huge support for a young, clean energy company like Dyesol,' said R&D
Manager, Damion Milliken.
'R&D work for a new technology can be very expensive and requires an
investment of time as well as money. The fact that the Australian
Government is recognising this and helping us reach our goal of
commercialising third generation Dye Solar Cell technology for the building
integrated photovoltaics mass-market is a big deal for us.'
Dyesol's key projects are for DSC enabled steel roofing and DSC enabled
glass - both target the building integrated photovoltaics (BIPV) market.
DSC technology is a good match for the BIPV market because the technology
works well in low light conditions such as cloudy/hazy days, winter, shade,
at dawn and dusk, and is less sensitive to the angle of incidence of light
than other solar technologies, so it can be applied vertically to building
facades in dense, shaded urban environments.
About Dyesol Limited
Dyesol is a global supplier of Dye Solar Cell (DSC) materials, technology
and know-how. DSC is a photovoltaic technology enabling metal, glass and
polymeric based products in the building, transport and electronics sectors
to generate energy and improve energy efficiency. Dyesol partners with
leading multinational companies who possess significant market share and
established routes-to-market. The company is listed on the Australian
Stock Exchange (DYE), the German Open Market (D5I.F), and is trading on the
OTCQX (DYSOY) through its depositary BNY Mellon. Learn more:
www.dyesol.com Subscribe to Mailing List and eNewsletter here.
About 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. 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.
- Ends -
Media & Investor Relations Contacts:
|[![CDATA[|[pre|]]]|]
Australia Viv Hardy, Callidus PR Tel: +61(0)2 9283 4113 or +61
(0)411 208 951
Dyesol Angela Geary, Dyesol Brand Manager Tel: +61 (0)2 6299
Headquarters 1592, ageary@dyesol.com
USA & the Andrew Ponti, Antenna Group Tel: +1 415 977 1953,
Americas dyesol@antennagroup.com
Germany & Eva Reuter, DR Reuter Investor Relations Tel: +49 177
605
Europe 8804, e.reuter@dr-reuter.eu
|[![CDATA[|[/pre|]]]|]
End of Corporate News
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DGAP-News: Dyesol Limited: Australian Clean-Tech Company Dyesol to Benefit from R&D Tax Scheme
| Source: EQS Group AG