dyesol agreement for turkey ratified

MEDIA RELEASE (1 page) 17 February 2006
DYESOL AGREEMENT FOR TURKEY RATIFIED
Following Dyesol’s recent Conference “Industrialisation of DSC – from Research to
Product” the memorandum of understanding (MOU) between Dyesol and Turkish company
NESLI was ratified. Dyesol will now conduct the Phase 1 Feasibility Study for NESLI in
Turkey.
The feasibility study will examine all aspects of setting up a manufacturing facility for Dye
Solar Cells in Turkey. A positive report will lead to the creation of a Project to construct a
turnkey manufacturing facility to produce Dyesol’s technology in Turkey.
At the world’s first DSC Conference recently held in Canberra, world leaders in Dye Solar
Cell research shared knowledge with industrialists, entrepreneurs and architects relevant to
progressing the 3rd generation solar cells from the laboratory out into manufacture for use in
the community.
DSC technology has the potential to turn every building into its own electricity generation
plant by replacing conventional glazing with Dye Solar Cell panels. The glass panels can be
made using different colours to suit designers and, by replacing regular glazing, will be more
economically viable than conventional solar panels. They can produce electricity even in low
light conditions, effectively all day every day, and do not rely on direct bright sunlight.
Further information: Mrs Sylvia Tulloch (Managing Director Dyesol) 02 6299 1250
Sue Whittaker 0408628525
BACKGROUND INFORMATION for DYESOL Media Release
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 sandwiched between glass.
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 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. 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 www.dyesol.com