DGAP-News: Dyesol Limited: Dyesol and Pilkington Sign Joint Venture MOU

Dyesol Limited / Miscellaneous/Miscellaneous

07.04.2010 08:03 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
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On 8th March 2010, Dyesol (ASX:DYE) announced a collaboration with
Pilkington North America (PNA) to develop opportunities in the building
integrated photovoltaic (BIPV) market place utilising Pilkington's TEC
series of transparent conductive oxide (TCO*) coated float glass and
Dyesol's dye solar cell (DSC) materials and technology. PNA is part of the
NSG Group (NSG), one of the world's largest manufacturers of glass and
glazing products for the building, automotive and specialty glass markets.

This announcement is to inform ASX and Dyesol's shareholders that the two
companies have signed a Memorandum of Understanding (MOU) to form a Joint
Venture (JV) which will be located in the USA. In addition to optimising
the TCO glass produced by Pilkington and the DSC materials and technology
controlled by Dyesol, the joint venture will develop and deliver a total
platform solution to downstream suppliers to the building and construction
markets seeking to develop glass-based BIPV products. The opportunities for
the platform solution include BIPV, solar panels, automotive glazing,
photovoltaic powered displays, and security products. The proposed JV is
planned to collaborate directly and indirectly with and assist
organisations worldwide to bring products to market. The combination of
Pilkington's leading expertise in TCO glass, including their vast
experience in glass products, plus Dyesol's recognised leadership in DSC
technology is designed to ensure that the best technology platform for
long-life high performing DSC glass products will be available.

Marc Thomas, CEO Dyesol, Inc. comments: 'Pilkington has the reputation for
quality and engineering excellence in the architectural and flat glass
market. Pilkington TCO coated glass has been used globally for energy
efficiency and active glazing for over 20 years and Pilkington is the
market leader. PNA has maintained its leadership position by producing the
best performing and highest quality TCO glass (sold under the TEC product
line). Pilkington TEC product is the most specified TCO glass worldwide and
has been the glass of choice for Dyesol's DSC development programme since
its inception in 1994.'

By far the biggest potential market for DSC glass is in BIPV. Of the nearly
50 million tonnes of flat glass produced annually, about 90% is used in
buildings. When this is coupled with the fact that over 50% of all
electricity worldwide is utilised in buildings, the demand for energy
efficient and energy producing glazing and interior glass-based products in
buildings becomes easy to identify. While all photovoltaic technologies can
be applied to roofs in good solar environments, only DSC can produce power
all day every day in any sunlight condition. The world is becoming
increasingly urbanised and world's cities comprise a much larger proportion
of walls and facades than roofs. This is exemplified by the fact that the
average GDP growth since 1990 is 2.7% p.a. while the glass usage growth is
4.2% p.a. cumulative. Flat glass is the key growth industry in the
expansion of the built environment.

Richard Caldwell, Executive Chairman Dyesol Limited notes 'Dyesol is
committed to establishing best-in-class partnerships with the leaders in
market segments which leverage the strengths of Dyesol's DSC products and
technology. The addition of Pilkington also aligns with the existing Corus
programme, and strategically positions Dyesol and its partners to make
significant progress in advancing the glass and metal based BIPV markets,
respectively. In summary, Dyesol has now established strategic
relationships with global leaders to completely cover a building with
energy harvesting technologies which utilise Dyesol materials.'

Richard Altman, President of Building Products North America stated,
'Pilkington has been involved in various ongoing solar initiatives since
the late 1980's. The Dyesol initiative affords Pilkington another solar
platform to further expand our portfolio of strategic initiatives in this
arena. Dyesol's technology is an attractive BIPV opportunity leveraging the
world leading technologies of both companies.'

*TCO glass is a float glass with a transparent tin oxide coating
specifically designed for use with photovoltaic cells to provide heightened
transmittance and improved conductivity properties.


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 Pilkington
Pilkington is 100% owned by the NSG Group. The NSG Group is one of the
world's largest manufacturers of glass and glazing products for the
building, automotive and specialty glass markets. Employing around 31,400
people, it has manufacturing operations in 29 countries and sales in 130
countries. Geographically, approximately half its sales are in Europe, one
quarter in Japan and the rest primarily in the Americas, South East Asia
and China. The Group operates three world-wide business lines. Building
Products supplies glass for interior and exterior glazing in buildings and
for the growing Solar Energy sector. Automotive serves the original
equipment, replacement and specialised transport glazing markets. Specialty
glass products include very thin glass for displays, lenses and light
guides for printers and glass fibre, used in air filters and engine timing
belts.

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. 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
More detail about Pilkington can be found at:
http://www.pilkington.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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