2015 AGM - Chairman's Address
Canberra, Nov 26, 2015 AEST (ABN Newswire) - Dyesol Limited (
ASX:DYE) (DYSOY:OTCMKTS) Annual General Meeting 26th November 2015.
"Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent."
Calvin Coolidge
The team at Dyesol is persistent and determined.
In my Chairman's Letter for the Annual Report I wrote about our emerging culture of determination and success. A key ingredient for success is simply persistence. I am not talking about blind faith or dying in the trenches defending the indefensible - what I am talking about is simple hard work, turning up day after day, understanding what did not work and why, eliminating errors and finding what does work.
We are at the frontier of science with our EPFL developed Perovskite Solar Cell technology and the application of scientific rigor in a persistent and logical manner are the hallmarks of the past nearly two years since Richard Caldwell commenced as Managing Director.
Our persistence and focus is set squarely on achieving the holy-grail for Solar - the golden triangle of cost, efficiency and life, ultimately translated into diverse applications, including BIPV.
We recently released a Levelised Cost of Energy study which demonstrates costs of between 9.6 and 12 Australian cents per kWh for our panels when manufactured and utilised at a relatively small scale.
Remember, we aim to deliver the lowest possible cost of electricity to the consumer, and this is a concrete illustration of what we have in mind.
Efficiency at the industrial level for the PSC technology continues to march upwards and we are very persistent in our efforts around stability and durability. Shareholders will have seen our releases during the year reporting on our progress on these vectors which are critical for success.
Our focus and persistence has to date been on the technology as without that we have nothing, however such is our progress that we are now in a position to seriously consider market segments and end product specifications for our market entry products.
As followers of Dyesol know full well our long term target is and always has been BIPV (Building Integrated Photovoltaics), however this market is demanding in terms of product warranty and stability/ durability. Our view is that other market segments are more prospective for our initial market entry point and it is those that we will be focusing our commercial efforts on over the coming year in parallel with the partnerships that we are seeking to develop to establish commercial scale manufacture of our cells.
The market continues to evolve and improve. Since writing the Chairman's Letter in the Annual Report we have had a change of leadership in this country and it is just amazing what a difference this makes to early stage enterprises like Dyesol.
I quote from the Prime Ministers speech in September.
"The Australia of the future has to be a nation that is agile, that is innovative, that is creative. We can't be defensive, we can't future proof ourselves. We have to recognise that the disruption that we see driven by technology, the volatility in change is our friend if we are agile and smart enough to take advantage of it."
He could have easily been talking about and to this company and its shareholders.
Before handing the meeting to Richard Caldwell I would like to thank again the team at Dyesol for their efforts in driving us forward.
I would also like to thank Dr Robert McIntyre and Ms Lynette MacDonald for the extra rigor and perspective that they have delivered to Board discussions and decisions since they joined as representatives of Tasnee earlier in the year.
Ian Neal
Chairman
To view the 2015 AGM Presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DYE-743953.pdf
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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