Dyesol will pay a total of AUD $326,062, representing the face value of the notes plus a 10 percent premium.
We believe this action will further relieve downwards pressure on the Company's share price and allow it to recover to a level that better reflects Dyesol's outstanding prospects. said Dyesol Chairman Richard Caldwell.
While there has been unprecedented turmoil in global markets, Dyesols strategy of commercialising DSC for the global Building Integrated Photovoltaic market remains sound – as does the quality of our Dye Solar Cell (DSC) technology, especially in relation to its comparative performance against Gen 1 and Gen 2 products in key markets in Europe, North America and Asia. Mr. Caldwell continued.
Dyesols third generation Dye Solar Cell (DSC) technology has lower embodied energy in manufacture than traditional silicon solar cells and produces electricity well in low light, real world conditions such as cloudy days, hazy or polluted days, dawn and dusk not just at peak sun at noon on a sunny day.
DSC is great technology and a truly sustainable choice for the renewable energy sector. Mr. Caldwell said. For those wanting to reduce the energy footprint of their buildings, DSC enabled steel roofing or windows will be an excellent choice.
