DGAP-News: Dyesol Limited: Dyesol-Corus Milestone 7 - Into the Light

Dyesol Limited / Miscellaneous/Miscellaneous

25.02.2010 07:35 

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Dyesol Limited: Dyesol-Corus Milestone 7 - Into the Light

The partnership between Dyesol and Corus to develop and industrialise dye
solar cells (DSC) on coil steel has achieved the seventh milestone of the
joint programme under the Welsh Assembly Government (WAG) contract.

The project, supported by the WAG with more than £5 million, has now passed
its seventh milestone and continues to be well ahead of schedule. At the
Milestone 7 review held recently with WAG in the joint PV Accelerator at
the Corus Shotton site, Dyesol and Corus showed the processes used to
produce modules already manufactured on the pilot production line and
demonstrated the long-term accelerated testing and outdoor weathering
facilities that are now being used to evaluate the panels.

The Alpha Model programme, now in its third month, has completed two
production runs for conformance testing on the roll-to-roll pilot line.
During this phase over the next few months the processes are being refined
and new tooling and automation are being introduced to enhance
reproducibility and manufacturability of the roll-to-roll facility. The
product being manufactured in each stage of the programme is then subjected
to extensive testing at the in-house facilities to establish priorities for
the subsequent production trials.

The Alpha Model production activities are being carried out in parallel to
the Technical Enhancement programme led by Dr Tim English of Corus. Dyesol
and Corus scientists have developed new materials, processes and designs
for insulation, conductors, dye processing and sealing that both enhance
performance and reduce design cost. The team has an active IP protection
policy to ensure that Corus and Dyesol can each gain maximum commercial
benefit from these inventions.

On completion of the Alpha Model, the partnership will move into the Beta
Testing phase. Further details of this pre-production phase will be
provided after the next milestone review. Dyesol and Corus corporate teams
have recently met to scope out the next stage of our commercial
collaboration. From the Dyesol perspective, a close collaboration with
Corus based in Wales would entail further expansion of our facilities and
capacity in Wales. We have been in concept planning discussions with the
Single Investment Fund team at WAG for three months and Dr Andrew King,
Director of Dyesol UK Limited has led the preparation of detailed plans
that are now under formal consideration by the Dyesol board and WAG.

As previously reported, Dyesol and Corus are addressing a coated steel
market of over 1 billion square metres per annum, in which the annual
addressable market for DSC on steel is forecast to be over 200 million
square metres of photovoltaic product (or up to 35GW of PV power). Hence,
the plans for expansion of materials manufacture and sourcing by Dyesol
must show a route to servicing our share of that potential market. We
continue to be excited by the advantages of DSC in this market: lower cost
of manufacturing plant, lower production cost, better performance in normal
solar conditions and a range of natural colours. DSC on steel will address
the principle value market for PV, fully integrated product in buildings -
replacement of the existing skin by building products that produce power.
This is the application area that is attracting most attention from
regulators. While regulators continue to reduce support for solar farms
(which compete at the wholesale level of electricity pricing), increased
incentives are being provided for fully-integrated products that provide
electricity at the usage point - with incentives up to 90% higher for these
products - up to EUR0.58 per kWh. We are in the right marketplace.


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.

The Company - DYESOL Limited 
Dyesol is located in Queanbeyan NSW (near Canberra) 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. Dyesol has subsidiaries in UK, Italy,
Switzerland, USA, Korea and Singapore plus representatives and agents in
Turkey, Germany, Abu Dhabi, Malaysia, Taiwan and Japan. The Company is
playing a key role in taking this third generation solar technology from
development into commercial production.

Corus Group Plc is one of the world's largest metal producers with annual
turnover of £9 billion and major operating facilities in the U.K., the
Netherlands, Germany, France, Norway, and Belgium. Corus' four divisions
comprising Strip Products, Long Products, Distribution & Building Systems
and Aluminium provide innovative solutions to the construction, automotive,
rail, general engineering and packaging markets worldwide. Corus has 41,100
employees in over 40 countries and sales offices and service centres
worldwide. Combining international expertise with local customer service,
the Corus brand represents quality and strength.

More detail about the company and the technology can be found at:
http://www.dyesol.com
More details about the Corus Group can be found
http://www.coruscolors.com.

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




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