Dyesol Limited
Dyesol Limited: DyeTec wins Ohio State Development Grant
Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous 31.01.2011 / 05:39 DyeTec Solar Inc., a joint venture involving Dyesol Inc. (DYE), a wholly owned subsidiary of Dyesol Ltd. announced today that it will receive a US$1 million Ohio Third Frontier Commission grant to develop technology for mass manufacture of glass based BIPV (Building Integrated Photovoltaic's), BAPV (Building Applied Photovoltaic's) and AIPV (Automotive Integrated Photovoltaic's) products. DyeTec's technology is designed to utilise optimised Transparent Conductive Oxide (TCO) glass and Dye Solar Cell (DSC) materials manufactured by the JV partners, and enables downstream suppliers in the glass market to mass produce high performing DSC - TCO glass based products for use in BIPV, BAPV and AIPV environments. Initial DyeTec efforts will result in the development of prototype DSC based BIPV glass panels and related equipment sets, laying the foundation for future high volume manufacturing capability. 'DyeTec is fortunate to be able to leverage Toledo's rich history in glass processing and solar technology as well as a talented workforce. And with strong government and shareholder support, Ohio represents an ideal environment for DyeTec Solar to grow its R&D and manufacturing centres' states Marc Thomas, CEO of Dyesol Inc., and President of DyeTec Solar. BIPV and BAPV represent the single largest markets for both DSC and TEC technology. With commercial and residential building consuming over 70% of all the energy used in the US today, and of that 70%, over 25% is in the form of electricity. This 25% equates to a demand of approximately 820 GW in the built environment, and by contrast, in 2008, total PV deployment in the US was .6 GW. DyeTec's glass based DSC technology is ideally suited to capture and convert the light on all sides of a building into electricity for immediate use within the building, and/or supply electricity directly into the grid. Richard Caldwell, Executive Chairman of Dyesol Limited, and Director of DyeTec Solar notes 'Dyesol is poised to respond to this extraordinary opportunity. Here we bring together the very best possible partners to assist in providing an energy solution for the global market place. Glass based DSC products have the ability to the transform the utility of any light absorbing surface and their commercial potential is very considerable'. 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. 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 detail about the company and the technology can be found at: http://www.dyesol.com End of Corporate News --------------------------------------------------------------------- 31.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 110418 31.01.2011
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