Important Market Update from Dyesol
24 October 2013 - 12:01AM
OTC Markets
1. Dyesol is providing this update in response to
uninformed media comments in relation to its current negotiations
for strategic investment by Tasnee* that Dyesol believes are
undermining its share price. There is no basis for this negative
speculation.
2. Dyesol has been invited to attend a meeting in
Riyadh, Saudi Arabia in early November to finalise these
negotiations. There it will also finalise the detailed business
plans for the global commercialisation of its solid-state DSC
technology.
3. The timetable for discussion has been affected
by recent religious holidays in Saudi Arabia which means that any
required shareholder resolutions are to be sought at an EGM in
December or January and not at the AGM on November 28.
*Investment may be by Tasnee or by Cristal, its 66% owned
subsidiary.
Authorised by the Chairman and Board,
Richard Caldwell
24 October 2013
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 is trading on
the OTCQX (DYSOY) through its depositary BNY Mellon. Learn more and
subscribe to our mailing list: www.dyesol.com
About Dye Solar Cell 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.
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Media & Investor Relations Contacts:
Dyesol Headquarters Angela Geary, Dyesol Brand Manager Tel: +61
(0)2 6299 1592, ageary@dyesol.com
Australia Viv Hardy, Callidus PR Tel: +61(0)2 9283 4113 or +61
(0)411 208 951, viv@calliduspr.com
Germany & Europe Eva Reuter, DR Reuter Investor Relations Tel:
+49 177 605 8804, e.reuter@dr-reuter.eu