Dyesol Limited
Dyesol Limited: Dyesol and CSIRO collaboration moves forward with successful completion of First Milestone
Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous Dyesol Limited: Dyesol and CSIRO collaboration moves forward with successful completion of First Milestone 23.12.2010 / 05:22 December 22 2010 The first stage milestone meeting of the collaborative project between CSIRO and Dyesol (ASX: DYE) was held at the CSIRO Energy Centre in Newcastle on 16 December. The two year project aims to develop higher performing dyes for dye solar cells (DSC), funded by an investment of up to $1.17 million from CSIRO's Australian Growth Partnership (AGP). Dyesol and CSIRO presented the achievements of the past 6 months, jointly announcing successful completion of the first stage of the project. The project leverages Dyesol's knowledge and experience developing DSC technology, in particular ruthenium based dyes, with CSIRO's extensive modelling and research capability. This initial stage of the program included the establishment of a research-scale assembly and testing facility manufactured by Dyesol and installed at CSIRO in Newcastle, which will be used to further the dye development project. The joint steering committee unanimously approved the milestone delivery report, bringing Stage 1 of the project to a close and noting the project is ahead of its performance schedule and within budget. The team is now ready to commence Stage 2 of the project in the new year, with several promising avenues to be explored. Ruthenium based dyes, otherwise known as organo-metallic dyes, are one of the key enabling components in DSC technology, ensuring high power conversion efficiencies in DSC. In recent years, considerable developments have been made in the engineering of novel dye structures in order to enhance the performance of the system. Dyesol's Director of Technology, Dr Gavin Tulloch, noted, 'the advances in DSC materials technology developed within this project complement the other partnerships Dyesol has fostered with commercial development companies around the world. 'Through this world-class partnership we are able to access high value markets, as well as valuable IP in higher performing materials. This provides an excellent addition to our projects already in place, bringing us closer to commericalisation of dye solar cell products for the world market.' 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 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. About the Commonwealth Scientific and Industrial Research Organisation and AGP The Commonwealth Scientific and Industrial Research Organisation, CSIRO, is Australia's premier research organisation which provides scientific solutions to industry, governments and communities around the world. The CSIRO's role is to deliver great science and innovative solutions for industry, society and the environment. The organisation works on new ways to improve quality of life, as well as the economic and social performance of a number of industry sectors through research and development. Australian Growth Partnerships (AGP) is a competitive, merit-based pilot funding program managed by CSIRO. CSIRO has been allocated funds by the Commonwealth Government to provide funding to high potential, technology-receptive small and medium enterprises in order that they can access CSIRO research and development capability and intellectual property. The Company - DYESOL Limited Dyesol is a global company 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. 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 For more information, visit the CSIRO (AGP) website. DISCLAIMER CSIRO does not take responsibility for this announcement nor can it make any representation or warranty as to the accuracy or completeness of any statement contained in it. End of Corporate News 23.12.2010 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 --------------------------------------------------------------------- 107487 23.12.2010
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