Dyesol to Join SPECIFIC as an Industrial Partner
November 03 2013 - 5:59PM
Business Wire
Dyesol has entered formal discussions to finalise the terms for
its role as an Industrial Partner at the Sustainable Product
Engineering Centre for Innovative Functional Industrial Coatings
(SPECIFIC), South Wales. SPECIFIC is a £20 million, 5-year project,
located at the Baglan Bay Innovation and Knowledge Centre and a
powerful partnership that includes leading U.K. university groups
such as Swansea, Imperial College, Bath, Bangor, Cardiff, Glyndwr
and Strathclyde as well as multi-national companies, including
BASF, Pilkington and Tata. SPECIFIC is considered a world leader in
innovation and functionalising the building envelope for energy
capture, storage and release.
With SPECIFIC, Dyesol will focus on Solid State DSC Electrical
Optimisation and Process Engineering. Dyesol's inclusion in
SPECIFIC is intended to accelerate the industrialisation of its
revolutionary solar technology by focusing on key areas of
development. Dyesol's recently completed Business and Technology
Development Plans seek to maximise financial returns on its
significant historical investment in research and development.
The SPECIFIC initiative is in addition to Dyesol's engagement in
advanced negotiations to increase its presence at EPFL in Lausanne,
where it will have an expert team to fast-track the scale-up of the
new solid-state material set. Together, Dyesol and EPFL have
achieved 15% solar conversion efficiency and are confident of
further improvements. Solid State DSC is projected to achieve a
lower Levelised Cost of Electricity than 1st and 2nd Generation
solar technologies and compete successfully with fossil fuels
without the assistance of feed-in tariffs. The co-ordinated
activity aims to achieve mass manufacture of solid-state DSC glass
and steel Building Integrated Photovoltaic applications by
2016/17.
The rationalisation of its global activities will result in
Dyesol closing DyeTec Solar in the US where it has worked with
Pilkington North America, a subsidiary of Nippon Sheet Glass of
Japan. Dyesol is also well advanced in its initiatives to secure a
substantial pre-commercialisation government grant which, if
successful, will accelerate solid state DSC glass development
activities in Australia.
Richard Caldwell, Dyesol's Executive Chairman commented:
"Dyesol's collaboration with SPECIFIC is another important step in
the industrialisation of our revolutionary DSC technology. The new
positioning in Wales provides us with strong independence and
allows us to have greater control over exploitation of our IP and
industrialisation. The UK and European markets have always been a
high priority for Dyesol and we feel very gratified to be
recognised by SPECIFIC in this meaningful way. In our view, Wales
is maintaining its global, government leadership in responsibly
providing for the New Economy."
For more information on SPECIFIC please see
www.specific.eu.com.
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), and is trading on the
OTCQX (DYSOY) through its depositary BNY Mellon. Learn more and
subscribe to our mailing list: www.dyesol.com.
About Dye Solar Cell Technology
DSC technology can best be described as ‘artificial
photosynthesis’ using a layer of nano-titania (a pigment used in
white paints and tooth paste) and light harvester deposited on
glass, metal or polymer substrates. Light striking the harvester
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.
Media & Investor Relations:Dyesol HeadquartersAngela
Geary, +61 (0)2 6299 1592Dyesol Brand
Managerageary@dyesol.comorAustraliaCallidus PRViv Hardy, +61(0)2
9283 4113 or +61 (0)411 208 951viv@calliduspr.comorGermany &
EuropeDR Reuter Investor RelationsEva Reuter, +49 177 605
8804e.reuter@dr-reuter.eu
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