Not related to DYE. They even say so in one of their press...

Not related to DYE. They even say so in one of their press releases.

FURTHER KEY BACKGROUND FACTS (NOT FOR PUBLICATION)
– The company’s cell technology is NOT related to the sliver cell technology from the ANU.
– The company is NOT related to Dyesol in Queanbeyan.

They are still using silicon, and it looks like their panel design was created by their CEO. (ie their CEO is a boffin not business savvy)
They need a lot of capital to get their site up and running, capital they do not seem to have at the moment.
Good luck to them, but not something we need to worry about for DYE.