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Dyesol Limited: Dyesol to Join SPECIFIC as Industrial Partner

DGAP-News: Dyesol Limited / Key word(s): Research Update
Dyesol Limited: Dyesol to Join SPECIFIC as Industrial Partner

04.11.2013 / 02:52

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Queanbeyan, Australia, 4 November 2013 - 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