DGAP-News: Dyesol Limited: Graetzel announced as Millennium Technology Prize Laureate 2010

Dyesol Limited / Miscellaneous/Miscellaneous

10.06.2010 07:06 

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Professor Michael Graetzel, the father of third generation dye-sensitised
solar cells (DSC), was announced today as the 2010 Millennium Prize
Laureate in Helsinki, Finland.

The Millennium Technology Prize, the world's largest technology award, is
Finland's tribute to life-enhancing technological innovation. This
prestigious prize celebrates innovations that can provide answers to the
challenges of our time, promoting both the quality of human life and
sustainable development. Previous winners have included Tim Berners-Lee,
inventor of the World Wide Web, Professor Shuji Nakamura, inventor of new
revolutionary light sources, and Professor Robert Langer for his invention
and development of innovative biomaterials for controlled drug release and
tissue regeneration.

The International Selection Committee awarded the prize to Professor
Graetzel for his invention and development of dye-sensitised solar cells,
known as 'Graetzel cells', commenting 'the excellent price/performance
ratio of these novel devices gives them major potential as significant
contributor to the diverse portfolio of future energy technologies.
Graetzel cells are likely to have an important role in low-cost,
large-scale solutions for renewable energy. Besides photovoltaics, the
concepts of Graetzel cells can also be applied in batteries and hydrogen
production, all important components of future energy needs.'

Dr Gavin Tulloch, founder of Dyesol, who was invited to the Millenium Week
program to speak in support of Professor Graetzel's nomination, commented
'Dyesol is very proud to be associated with this technology and to have
been able to work closely with Michael in  bringing this technology from
laboratory to market place, and we look forward to continuting our
collaboration for many years to come, bringing ever newer generations of
this technology to society.'

'As Chairman of the Dyesol Advisory Board and founder of the technology,
Professor Graetzel makes a major contribution to Dyesol maintaining its
technology leadership in the DSC field.'


For further information contact Viv Hardy at Callidus PR on +61 (0)2 9283
4113 or on +61 (0)411 208 951.
In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177
6058804.


Note to editors
The Technology - DYE SOLAR CELLS
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 many times stronger than that
found in natural photosynthesis in plants. 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.
 
The Company - DYESOL Limited
Dyesol is located in Queanbeyan NSW (near Canberra) and in August 2005 was
listed on the Australian Stock Exchange (ASX Code 'DYE'). Dyesol
manufactures and supplies a range of dye solar cell products comprising
equipment, chemicals, materials, components and related services to
researchers and manufacturers of DSC. The Company is playing a key role in
taking this third generation solar technology out of the laboratory and
into the community.


More detail about the company and the technology can be found at:
http://www.dyesol.com

For further information contact Viv Hardy at Callidus PR on +61 (0)2 9283
4113 or on +61 (0)411 208 951.
In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177
6058804.




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