Listen to the interview here: http://boardroom.media/broadcast/?refid=&eid=56b00d82449c08ce3f6ac3be

Introduction:
Today we are speaking with Richard Caldwell, Managing Director of Dyesol Limited. Thanks for joining us Richard and welcome back to Boardroom Media.

  • Richard, Dyesol has recently released its December quarter report. Can you please provide listeners with the financial highlights?

The December Quarter concluded strongly with a $3.3M rebate received from the Commonwealth Government and an additional $8.1M received in funds from a share purchase plan and placement. As at Dec 31 we had $10m in cash or well in excess of 12 months annual spend. With the technology nearing commercial readiness and significant commercial collaborations due to be commenced during the current quarter current investors are highly leveraged to the progress of Dyesol as it successfully de-risks the scale-up of its revolutionary PV technology.

  • The Dyesol quarterly mentions the Technical Advisory Board milestone focused on thermal stability which was achieved. Can you elaborate on this and any further R&D activity in the last quarter?

By far the most significant highlight of the quarter is the progress on thermal stability. In these tests strip cells are subjected to 85 ºC for 1,000 hours and the efficiency of the cells recorded before, during and at the end. Performance losses must be less than 10% of overall efficiency. This is widely considered to be the most serious hurdle for the technology in our quest for mass commercialisation. Not all strip cells passed the test, however a significant number passed the test and it was clear from subsequent data analysis what the failure mode was. Dyesol will now further test this hypothesis to provide the confidence on its understanding of thermal stability. The Light Soaking data from the previous quarter and the thermal degradation data from this quarter will go a long way towards meeting criteria for international stability standard IEC61646. Next steps are to continue scaling and testing in larger devices.

  • What can we expect from Dyesol in 2016?

In terms of emphasis of activity, Dyesol is now deeply focussed on development and commercialisation, rather R&D per se. In a 2 step process during 2016, we are developing a Major Area Demonstration prototype which will ultimately feed into early stage commercialisation projects. Turkey is the commercialisation lead project, while there remains potential for later date projects in Australia and Korea. Negotiations and planning have been frustratingly prolonged, but this in no way should be seen as compromising the likelihood of progress and success. It is a sophisticated technology which can scale to multi-million dollar mass manufacture. All such activity is inherently risky and a great opportunity for government and entrepreneurs to collaborate for the national benefit. Dyesol's plans for both technology and business development go out a decade and beyond and ultimately seek to displace silicon as the PV technology of choice. Perovskites are light-weight, versatile and potentially cheaper than all other PV technologies.

Closing:
Thanks for the update and for joining us today Richard. We look forward to hearing more great news from Dyesol in 2016

Dyesol Limited issued this content on 03 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2016 00:27:05 UTC

Original Document: http://www.dyesol.com/posts/cat/corporate-news/post/Interview_Richard_Caldwell_on_our_Latest_Quarterly_Report/?___SID=U