Dyesol Limited
Dyesol Limited: Dyesol Welcomes Australian Prime Minister
Dyesol Limited / Key word(s): Miscellaneous/Miscellaneous 21.10.2011 / 05:06 --------------------------------------------------------------------- Thursday, 20 October 2011: Prime Minister Julia Gillard today toured Dyesol Ltd's (ASX:DYE) commercial Head Quarters, and associated laboratory and engineering facilities in Queanbeyan, NSW to learn more about the revolutionary solar energy technology - dye solar cells (DSC). DSC is a cutting edge third generation solar technology driving remarkable changes in the application of solar energy particularly in building integrated photovoltaics (BIPV). As a world leader in the development of DSC technology, Dyesol is driving the commercialisation of this game changing technology worldwide by partnering with top industrial companies such as Tata, one of the world's largest manufacturers of steel roofing materials, and Pilkington North America, a world leader in the glass sector, in addition to key companies in the material supply chain crucial to the roll out of this technology. The Prime Minister was greeted by approximately 50 Dyesol scientists, engineers and support staff. The PM met with Director and Joint Founder, Sylvia Tulloch who explained why DSC technology is classified as a disruptive technology and a real game changer for the solar industry. 'By replacing conventional building facades or steel roofing sheets, with building materials that have Dyesol's dye solar cell technology imbedded into their very fabric, without the need to fit conventional solar panels at additional cost, we see exciting opportunities for cost-savings and large-scale integration.' Mrs Tulloch said. DSC employs nanotechnology to create electricity directly from light by mimicking the process of photosynthesis. 'Compared to conventional silicon based photovoltaic technology, Dyesol's technology has several advantages including lower cost and energy required for manufacture, plus it produces electricity in a range of light conditions from dawn to dusk and even under artificial light. It will produce energy at any angle or even in shade and can be directly incorporated into any part of a building, wall, floor or roof.' Mrs Tulloch explained. The Prime Minister concluded the tour with a press conference and expanded on the recently announced Manufacturing Taskforce that will set a vision for the future of Australia's manufacturing sector. --Ends-- For media queries in Australia contact Angela Geary, Dyesol Brand Manager on +61 (0)2 6299 1592. In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177 605 8804. In the Americas contact Josh Seidenfeld, Antenna Group, Dyesol@antennagroup.com,+1 415 977 1953. 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, a global company headquartered in Australia, was founded to commercialize and supply 3rd generation solar technology - Dye Solar Cells (DSC). DSC uses a form of artificial photosynthesis to capture energy like a leaf, using a dye analogous to chlorophyll. Dyesol provides photovoltaic functionality to mainstream products, by developing and supplying materials and technology to global partners which have routes to market for solar enabled components, including building products such as glass and steel for facades and roofs. The company is listed on the Australian Stock Exchange (DYE), the German Open Market, and is trading on the OTCBB (DYSOY) through its depositary BNY Mellon. More details about the company and the technology can be found at: http://www.dyesol.com End of Corporate News --------------------------------------------------------------------- 21.10.2011 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 --------------------------------------------------------------------- 143007 21.10.2011
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