DYESOL SIGNS AGREEMENT WITH SPECIFIC

 
Sydney, 11 November 2014 - Today, Dyesol signed an important agreement with SPECIFIC which marks the next step in its plan to commercialise its technology in the U.K. The agreement plays a critical role in Dyesol's plans to establish a commercial base in the United Kingdom to develop, manufacture and distribute its revolutionary solid-state DSC technology.
 
Dyesol has become a Technology Partner of SPECIFIC. SPECIFIC is a leading open innovation centre managed by Swansea University in the UK and focuses on the development and commercialisation of functional coatings, recently heralded as having the potential to create a £100 billion industry. This status provides Dyesol with access to SPECIFIC's network of open innovation partners for the purpose of utilising and developing its proposed photovoltaic products. Partners include world-class academic institutions and multi-national building materials giants. Dyesol looks forward to working co-operatively with its partners and thanks the ongoing assistance and vision of both the UK and Welsh Governments.
 
Mr Chris Moore, Project Leader - Steel, remarked, "We are extremely encouraged by the latest commercial developments in the U.K. Dyesol has been intensely focused on the development of its revolutionary technology over the past 7 years and it looks forward to realising its vision of bringing 3rd Generation PV to the U.K. and European markets. This technology is versatile and the possibilities for commercialisation are vast."
 
Dr Gerry Ronan, Head of IP Commercialisation, Swansea University responded, "We are delighted to support Dyesol UK and their aspirations in this market. Swansea, and in particular the SPECIFIC consortium, are now recognised as being world leaders in the scale-up of 3rd Generation photovoltaics. This is an exciting time for PV, scientific progress worldwide has been extremely rapid over the past couple of years and manufacture at scale is now truly on the agenda."  
 
Dyesol's milestone-based Technology Development Plan is currently on schedule. Key targets are the development of large area prototypes by 2016, pilot line production by 2017 and mass production by 2018. Glass followed by steel are its preferred substrates, allowing access to almost the entire building envelope.
 
Dyesol is currently revising its business plan to include the latest developments. Very significantly, Dyesol expects its revised product range to address opportunities in both free standing and BIPV installations. It is currently conducting detailed cost analysis, but expects its solid-state DSC technology to compete very favourably with poly and mono crystalline silicon, especially in low light climates, thereby adding very substantially to its commercial potential.
 
The advent of solid-state DSC which utilises an exciting class of sensitiser compounds known as perovskites has provided the 3rd Generation of PV with a competitive edge in terms of lowering costs and enhancing durability or product life. Dyesol intends to inform the market of its detailed competitive Levelised Cost of Electricity (LCOE) analysis once it is complete and validated.