Dyesol Limited / Miscellaneous/Miscellaneous

03.09.2008

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.

At the 23rd European Photovoltaic Solar Energy Conference and Exhibition this week in Valencia, Spain, a record efficiency for Dye Solar Cells was announced by the research team at EPFL, lead by Prof Michael Graetzel (Chairman Dyesol Technology Advisory Board). In the paper presented by Ravi Thampi, it was announced that the record 11.3% efficiency was achieved using Dyesol nanoparticulate titania paste. The cells were manufactured by EPFL researcher, Takeru Bessho. This is the first independently verified efficiency over 11% for single junction DSC.

This validates Dyesol's market position to provide to researchers and commercial users materials and technology that deliver the best possible performance reliably and reproducibly. The paste used by EPFL is the same as that supplied to several industrial clients and partners in larger pre-industrial quantities.

Ongoing technological development and IP creation are fundamental to Dyesol's leading position in the industrialisation of 3rd generation solar technology. Dyesol's ability to service the growing number of companies setting up DSC manufacturing programmes is underpinned by the new facilities being installed in Queanbeyan.

For further information contact Viv Hardy at Callidus PR on +61 (0) 2 9283 4113 or on +61 (0) 411 208 951.

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 sandwiched between glass. 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 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.

03.09.2008 Financial News transmitted by DGAP