DyeTec Solar’s Toledo Facility Equipped to Begin R&D

Date: 19 August 2011
Source: http://www.businesswire.com/
Dyesol Inc.’s joint venture, supported by Ohio Third Frontier Fund, will use high-tech equipment to develop next-generation solarTOLEDO, Ohio--(BUSINESS WIRE)--Dyesol Inc. (OTCBB:DYSOY), a global supplier of dye-sensitized solar cell (DSC) technology with operations in Ohio and California, today announced delivery and installation has been completed of its dye-sensitized solar cell (DSC) building-integrated photovoltaic (BIPV) fabrication equipment at the DyeTec Solar joint venture facility in Toledo, Ohio.

The equipment will be used to develop prototype DSC-based BIPV glass products and related equipment sets, laying the foundation for future high volume manufacturing capability of glass-based BIPV. Dyesol Inc. also expanded technical and managerial staff with DSC expertise to Ohio.

With support from the Ohio Third Frontier Fund, DyeTec Solar is a joint venture that will develop technology for mass manufacture of glass-based BIPV, building-applied photovoltaics (BAPV) and automotive-integrated photovoltaic (AIPV) products.

“Dyesol is committed to supporting DyeTec Solar and the Ohio Third Frontier Fund by providing equipment, technology and staff,” said Marc Thomas, CEO of Dyesol Inc. “We are focused on bringing together the very best resources to support our partners’ and customers’ long term goals in developing DSC-based solutions for the built environment. DSC transforms ordinary glass and metal building products into solar panels, transforming buildings into power plants.”

DyeTec’s Solar’s technology utilizes optimized third-generation solar technology consisting of DSC materials and transparent conductive oxide (TCO) glass, manufactured by DyeTec joint venture participants. It enables downstream suppliers in the glazing and façade market to mass produce high-performing glass products integrated with DSC and TCO for use in BIPV, BAPV and AIPV applications.

“Bringing together Dyesol’s leading DSC expertise with our industry leading partners’ glass processing technology and resources provides DyeTec Solar with a significant head start in its development of DSC-based BIPV products,” commented Richard Caldwell, Executive Chairman of Dyesol Limited. “Dyesol’s partnerships with top-tier metal and glass product manufacturers have opened up a significant market opportunity for solar energy-producing glass and metal-based products, all enabled by Dyesol’s DSC materials and technology.”

BIPV and BAPV represent the largest market opportunity for DSC technology in buildings, in which more than half of energy needs are typically met by electricity. Dyesol’s glass-based DSC technology is ideally suited to capture and convert the light on all sides of a building and convert it for immediate use within the building and/or direct supply into the grid.

About Dyesol

Dyesol is a global solar technology company with a mission to advance the commercialization of dye-sensitized solar cell (DSC) technology. The company is listed on the OTCBB (DYSOY) and Australian Stock Exchange (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. More details about the company and the technology can be found at: www.dyesol.com.

About Dyesol Inc.

Dyesol Inc. is a wholly owned subsidiary of Dyesol Ltd. and the headquarters for the company’s Global Glass Business Group. Dyesol Inc. has facilities in California and Toledo, Ohio.

About Ohio Third Frontier Fund

Ohio Third Frontier Fund is an economic development and jobs program that Ohio voters have twice overwhelmingly endorsed through passage of bond issues, most recently in May 2010 for $700 million. Through this program, Ohio's investment in technology, innovation and entrepreneurs has resulted in the formation of more than 500 new companies, the expansion of existing companies, and more than 48,000 new jobs for Ohio residents.


North American Media Contact:

Antenna Group for Dyesol Inc.

Josh Seidenfeld, 415-977-1953


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