Queanbeyan, Australia - 6 August 2012 - Dyesol Limited's
game-changing biomimetic Dye Sensitized Solar Cell (DSC)
technology has excelled in external performance testing
and paved the road for the next phase in the commercial
development DSC powered devices.
Newport Corporation's Technology & Applications Center's
Photovoltaic (TAC-PV) Laboratory has tested Dyesol's
next generation DSC 'strip cell' active area at 7.48%
efficiency at one-third Sun - typical lower-light,
real-world light conditions. The TAC-PV Lab is
accredited by the American Association for Laboratory
Accreditation (A2LA) to ISO/IEC 17025, American Society
for Testing Materials (ASTM) standard E948, IEC 60904-3
ed. 2 and ASTM E1021.
With performance confirmed and an initial
proof-of-concept phase nearing completion, Dyesol Inc.'s
joint venture operation in Ohio, USA, DyeTec Solar,
expects to relocate and expand its workshop to allow the
Company to enter the testing-validation and prototype
development phase which will confirm product performance
in building integrated applications. This is the
last phase before the venture expects to commence product
development of a DSC enabled glass building façade
product for commercial demonstration.
With continued Ohio Third Frontier funding, it is
anticipated that the testing-validation and prototype
development phase will take 12 to 18 months, during which
time the DyeTec Solar team will focus on material
evaluation, design, finalizing low cost manufacturing
procedures and producing a limited quantity of façade
product.
"Dyesol scientists have been achieving very high
low-light conversion efficiency performance for some time
now, but getting third-party, external validation that
our DSC 'strip cells' are achieving performance levels
nearing seven and a half per cent in low light reinforces
the extraordinary commercial potential of DSC as a green
value-add technology," Dyesol Executive Chairman Mr
Richard Caldwell stated.
Commenting on what has been achieved in such a short time
frame in the USA, Mr Marc Thomas, the head of Dyesol's
American subsidiary, Dyesol Inc., states: "The Ohio team
has made remarkable progress considering we work in a
non-laboratory, workshop environment with a Dyesol
equipment set commissioned less than 12 months ago.
Leveraging DyeTec Solar's process and design technology
for high performing large area devices and Dyesol's
next generation high performance DSC material set will
allow the DyeTec Solar joint-venture to establish a
strong and competitive position in the emerging, billion
dollar plus building integrated photovoltaics
market".
Dye Sensitized Solar Cell technology is a third
generation photovoltaic technology that differs
substantially from first generation, silicon solar cells,
and second generation, thin film technologies - it uses
discrete layers of materials (dyes, titanium dioxide
nanoparticles, and catalysts) that amount to a thickness
around 50 to 100 times thinner than the human hair.
The advantages of Dye Sensitized Solar Cell technology
include the use of non-toxic, widely-available raw
materials, lower energy and lower cost manufacturing
processes, and its excellent performance in real-world,
lower-light solar conditions, i.e. cloudy days,
hazy/polluted days, dappled light, shade, dawn and
dusk. Plus DSC offers a range of aesthetic options
including variations in coloration and transparency which
offer beautiful solutions for power generating glass in
the building integrated photovoltaics sector.
About DYESOL LIMITED
Dyesol is a global supplier of Dye Solar Cell (DSC)
materials, technology and know-how. DSC is a
photovoltaic technology enabling metal, glass and
polymeric based products in the building, transport and
electronics sectors to generate energy and improve energy
efficiency. Dyesol partners with leading
multinational companies who possess significant market
share and established routes-to-market. The Company
is listed on the Australian Stock Exchange (DYE), the
German Open Market (D5I.F), and the USA's OTCQX
(DYSOY). Learn more:
www.dyesol.com Subscribe to eNewsletter
here.
About DYESOL INC.
Dyesol Inc. is a wholly owned subsidiary of Dyesol Ltd.,
and headquarters for the Company's Global Glass
Business Group. It is located in Toledo, Ohio and
provides support for DyeTec Solar and the Company's DSC
materials and equipment sales in the Americas.
About DYETEC SOLAR
DyeTec Solar is a fifty-fifty joint venture between
Dyesol Limited's American subsidiary, Dyesol Inc., and
Pilkington North America, started in June 2010.
Dyesol is a world leader in dye solar cell technology and
Pilkington North America is one of the world's largest
manufacturers of glass and glazing products including
transparent conductive oxide glass - a key component of
DSC powered glass. In January 2011, the DyeTec
Solar joint venture received USD $1 million in grant
funding from the Ohio Third Frontier Commission to
develop technology for DSC based BIPV glass in Ohio,
USA.
About OHIO THIRD FRONTIER
Ohio Third Frontier 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 Ohioans.
About DYE SOLAR CELLS TECHNOLOGY
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 deposited on glass, metal or polymer
substrates. Light striking the dye excites electrons
which are absorbed by the titania to become an electric
current. 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 or metal sheets
rather than taking up roof or extra land area.
About NEWPORT CORPORATION (NASDAQ: NEWP)
Newport Corporation is a leading global supplier of
advanced technology products and solutions for Scientific
Research, Life & Health Science, Aerospace & Defence,
Photovoltaic's, Industrial Manufacturing, Semiconductors,
and Microelectronics markets.
- Ends -
Media & Investor Relations Contacts:
Australia Viv Hardy, Callidus
PR Tel: +61(0)2 9283 4113 or +61 (0)411 208
951
Dyesol Headquarters Angela Geary,
Dyesol Brand Manager Tel: +61 (0)2 6299
1592, ageary@dyesol.com
Germany & Europe Eva Reuter, DR Reuter
Investor Relations Tel: +49 177 605
8804, e.reuter@dr-reuter.eu
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