Quick & Lazy Sunday read.
With 2015 looking like being a pretty busy year for DYE I quickly read last years Anns and summarised a few points that may be of interest if you want a quick and dirty sketch.
DYE 2014 Summary - selective and incomplete, no financials.
5/2/14
A$2.2Mill contract to supply equipment to Nesli in Turkey for prototyping
ssDSC catalogue released
30/4/14
Highlight - Tasnee A$10Mill ratification and A$6Mill option (by Nov 2014) noted
Industrial performance of 9% announced
First revelation of discussions with a "...large Australian materials company. that could play an important role in our endeavour to establish a manufacturing presence in Australia..."
Who knows where this is at now...they seek him here, they seek him there...
2/5/14
Tasnee Director appointed
26/9/2014
Annual Report.
Some statements from the report...
"...Our complete focus is on taking Professor Michael Gratzel's inventions from the laboratory to the market in the most cost efficient and speedy way that we can possibly manage..."
"...Dyesol believes that C-Si will ultimately be displaced because of its poor performance in low light conditions, its lack of physical versatility in the built environment and cheaper alternatives..."
10/10/2014
LOI with TATA signed - provides Dyesol with first right of refusal to distribute its proposed steel substrate based 3rd Generation photovoltaic products through TSUK's distribution network.
Technology Development Plan reiterated:
Large area prototypes by 2016
Pilot line production by 2017
Mass production by 2018
Glass followed by steel as preferred substrates with free-standing and BIPV opportunities to be analysed
31/10/14
Q1FY2015 Report
Save Solar campaign mentioned to celebrate the death of the Australian brain.
Sung-Lee promoted out of Dyesol-Timo to head up Dyesol global glass activities based in Oz and oversee Nesli supply.
1000 hrs stable industrial sample announced
Internal BOM estimates indicating long term active material costs of about US$2/m2 (this is what leads Dyesol to expect Si to be displaced).
Liquid DSC was about US$25 - US$35/m2
11/11/14
Dyesol becomes SPECIFIC Technology Partner
Dr Gerry Ronan Head of IP Commercialisation at Swansea University...
"...We are delighted to support Dyesol UK and their aspirations in this market...scientific progress worldwide has been extremely rapid over the past couple of years and manufacture at scale is now truly on the agenda..."
Detailed LCOE analysis foreshadowed.
27/11/14
Tasnee $6Mill option expiry extended 6 months from Nov 30 (min $0.18, 30 d VWAP - Tasnee currently at 26.5%)
GSL Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
