Sydney, July 17, 2008 AEST (ABN Newswire) - Dyesol Ltd. (ASX:DYE) has entered into a EURO 600,000 (approximately AUD$1M) contract with Korean company Acrosol to supply a turnkey R&D laboratory and provide comprehensive training in Dye Solar Cell (DSC) development.
Led by Dr Hyung-Gon Jeong, Acrosol is a Korean University spin out company located in the business incubator at Chonnam National University, with proprietary technology, intellectual property and expertise in Dye Solar Cell nanomaterials, particularly Phosphor Doped DSC.
"Dyesol is increasingly being recognised as the world leader in DSC materials and technology. There is a rapidly growing demand for our technology, turnkey facilities, materials, and practical expertise from an increasing number of companies entering the DSC market operating in diverse geographic locations," Dyesol Director Global Gordon Thompson said.
Acrosol will develop and commercialise its technology and products through a commercial arrangement with Dyesol involving ongoing technological collaboration and materials supply.
The contract commenced on receipt of the initial payment of EURO 150,000.
This new Korean initiative comes just weeks after Dyesol signed a Heads of Agreement with the Kosdaq listed company Timo Technology (KDQ:037340) as the first step in establishing a joint venture in Korea.
About Greatcell Solar Limited
Greatcell Solar Limited (ASX:GSL) (OTCMKTS:DYSOY) is a global leader in the development and commercialisation of Perovskite Solar Cell (PSC) technology – 3rd Generation photovoltaic technology that can be applied to glass, metal, polymers or cement. Greatcell Solar Limited manufactures and supplies high performance materials and is focussed on the successful commercialisation of PSC photovoltaics. It is a publicly listed company: Australian Securities Exchange ASX (GSL) and German Open Market (D5I). Learn more at our website and subscribe to our mailing list in English and German.
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