Herald Sun
Monday 22/6/2009 Page: 26
AUSTRALIAN-based solar technology company Dyesol continues to attract more big investor attention overseas than it does at home. Its ASX-listed shares soared almost 8% on Friday, despite the lack of detail on its fresh deal with a subsidiary of oil and gas titan Petronas. Dyesol said on Friday it would supply more than $1 million worth of its solar cell products to a company fully owned by Asia's most profitable conglomerate.
A further, more detailed announcement describing the size and nature of the proposed project would be made in due course, Dyesol said in a statement. The company's technology harnesses solar energy to produce electric currents by artificially imitating photosynthesis using electrolytes, titania and a dye on surfaces made of metal, glass and polymer. Dyesol shares gained six cents to close at 0.820 on Friday.
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