Dyesol Limited (ASX: DYE), a leader in Perovskite Solar Cell (PSC) technology, and Solliance are pleased to announce that today an agreement was signed making Dyesol an Industrial Partner of Solliance, a world-class solar energy consortium situated in Eindhoven, The Netherlands.

Eindhoven, 16 June 2015 – Dyesol Limited (ASX: DYE), a leader in Perovskite Solar Cell (PSC) technology, and Solliance are pleased to announce that today an agreement was signed making Dyesol an Industrial Partner of Solliance, a world-class solar energy consortium situated in Eindhoven, The Netherlands.

Solliance is a partnership of major Belgium, Dutch and German companies, research institutes and universities working in thin film photovoltaic solar energy. Solliance provides state of the art laboratories and pilot production lines which are jointly used for dedicated research programmes. The three year agreement is valued at €1.35 million and gives Dyesol access to the world’s best processing equipment and expertise suited to the commercialisation of its revolutionary Perovskite Solar Cell (PSC) technology on steel.

Solliance’s capability in the roll-to-roll processing of flexible PV enabled substrates, together with Dyesol’s expertise in PSC processing, device design and materials will enable both parties to accelerate the readiness of a commercially viable PSC based steel product for supply to the very substantial global roofing market where higher margins will be achievable This partnership will create the industry’s most technically capable and commercially focused effort to roll out this next generation technology.

The agreement gives Dyesol access to the foreground IP and to background IP of its Solliance R&D partners, while protecting Dyesol’s background IP.

Utilisation of Solliance’s laboratories and pilot production lines will enable Dyesol to reduce its steel related capital expenditure and increase internal focus on its core PSC technology development. The Eindhoven activities will be supervised from Dyesol UK and will complement Dyesol’s participation in its other collaborations, including SPECIFIC where it will continue to benefit from close collaboration.

For more information on Solliance please see www.solliance.eu

Find the official Dyesol Press Release here.