something big going on?, page-3

AUSTRALIAN-based solar technology company Dyesol continues to attract more big investor attention overseas than it does at home.

Its ASX-listed shares soared almost 8 per cent on Friday, despite the lack of detail on its fresh deal with a subsidiary of oil and gas titan Petronas.

Dyesol said on Friday it would supply more than $1 million worth of its solar cell products to a company fully owned by Asia's most profitable conglomerate.

A further, more detailed announcement describing the size and nature of the proposed project would be made in due course, Dyesol said in a statement.

The company's technology harnesses solar energy to produce electric currents by artificially imitating photosynthesis using electrolytes, titania and a dye on surfaces made of metal, glass and polymer.

Dyesol shares gained six cents to close at 0.82 on Friday.