1. Dyesol Limited (ASX: DYE)
Eco Investor Forum
19 October 2010
Richard Caldwell, Chairman

2. What is Dye Solar Cell Technology?
Company Overview
Summary
What is Dye Solar Cell Technology?
Founded
2004 (technology developed over previous 14 years)
ASX listing date (DYE)
31st August 2005 (also trades on the German 3rd Market)
Headquarters
Queanbeyan NSW, Australia
Vision
“To be the leader in development and supply of 3rd generation solar cell technology.”
Business model
Global partnering program
Focus on key 4 market sectors:
Steel BIPV
glass / window BIPV
Automotive/ flexibles
electronic applications
Products / Services / Markets
DSC prototyping and testing equipment
All DSC Materials - dyes, pastes, conductors and electrolytes
Components for DSC products
Consulting and training services
Collaborative and contract R&D
DSC Manufacturing solutions
Dye solar cell technology (DSC; also known as dye-sensitised solar cells – DSSC, or Graetzel cells) originated from research by Professor Michael Graetzel at the Ecole Polytechnique Fédérale de Lausanne (EPFL) in Switzerland
2010 Millennium Prize
Emulates photosynthesis:
leaf structure replaced by a porous titania nano-structure
chlorophyll replaced by a long-life dye
energy circuit completed by a redox couple
Photosynthesis in Plants
Lower cost and embodied energy in manufacture
Stable maximum power output in all light conditions
Good temperature stability
Can be incorporated into buildings through roofs walls and glass panels rather than taking up extra land area
No toxic emissions in manufacturing
Potential for rapid efficiency enhancement
DSC – Artificial Photosynthesis

3. Business Model
Control of material inputs and next generation technology leadership
Risk mitigation:
proven technology
low capital expenditure
external validation
risk sharing with best-in-class manufacturing partners
IP protection
significant access to non-dilutive funding
Building Integrated Photovoltaic (BIPV) provides access to $multi-billion target markets
Diversification:
Steel
Glass
Automotive
Electronics

4. Key Strategic Partners
Market
Region
Details
Steel / wall & roof applications
UK/Global
Fifth largest steel producer in the world
Co-develop and commercialise DSC on coil-coated steel
₤10 million joint-programme under the Welsh Assembly Government (WAG) contract
Production and distribution forecast by FY 2012
Materials supply
Germany/ Global
World leader in development and manufacture of ionic liquids and electrolytes
Co-develop electrolytes for use in DSC
View and non-view
glass
applications
US/Global
Part of NSG Group, one of the world’s largest manufacturers of glass and glazing products for building, automotive and specialty glass markets
Co-develop and commercialise DSC on view and non-view glass, utilising Pilkington’s TEC series of transparent conductive oxide (TCO) coated float glass and Dyesol’s DSC materials
Establish glass prototype facility in Toledo, Ohio within next 12 months with proposed funding by Ohio State Third Frontier Fund
Singapore
Aerospace
Manufacturing
(SAM)
Engineering and Process
Solutions
Singapore/ Global
Co-develop proto-type manufacturing facilities for use by Dyesol applications partners
Owned by Singapore Government
Instrumental in controlling DSC “know-how”
Global Big Six car manufacturer (to be announced shortly)
Automotive
Germany
Major auto project to be announced within next 12 months
Dyesol Automotive Bavaria formed in Jan 2010

5. The Next 12 Months?
Materials supply: establish robust supply chain in dyes, pastes and electrolytes (e.g. Merck)
SAM: establish Singapore government funded pilot plant
Dyesol-Timo: first commercial product
Corus: complete milestones, commence beta testing (scale-up) & negotiate commercialisation arrangements
Pilkington: confirm Ohio State funding & establish glass prototype facility in Toledo, Ohio
Automotive: announce significant, state funded auto project and establish leverage for SureVolt technology into broader built environment

6. Board and Management Non-Executive Directors Key Management
Former Head of Corporate Finance and Equity Capital Markets at StoneBridge in Sydney (5 years)
Former Head of ECM and Equity Sales at Burdett Buckeridge Young (7 years) and
Senior risk management and trading positions at Citibank, Sydney and JPMorgan, London
Non-Executive Directors
Gordon Thompson
Non-Executive Director
Former Managing Director, International Centre for Application of Solar Energy (CASE)
Extensive local and international network within the sustainable energy sector
Ian Neal
Professional company director and management consultant
Former Managing Director (Co-founder), Nanyang Ventures Pty Ltd (venture capital)
Key Management
Prof Michael Graetzel
Chairman, Technology Advisory Board
Clemens Betzel
Chief Executive Officer
Kian Lin Niu
Chief Financial Officer
Dr Hans Desilvestro
Chief Scientific Officer
Dr Andrew King
Director, Dyesol UK
Dr Keith Brooks
Managing Director, Greatcell Solar
Ken McKeen
Vice President, Dyesol International
Director, Dyesol-Timo Korea
Director, Dyesol Japan
Marc Thomas
Chief Executive Officer, Dyesol Inc.
Richard Caldwell
Executive Chairman
Founded Sustainable Technologies Australia (STA) (forerunner of Dyesol) in 1994
Pivotal in the development of DSC globally
Internationally recognised technical expertise in technical ceramics, materials science and manufacturing engineering
Gavin Tulloch
Director -Technology
Founding Managing Director, formally Joint Managing Director of STA
Inventor of several of Dyesol’s patents
Materials scientist with over 25 years experience in establishment and management of technology commercialisation and business development

7. Investment Highlights
Large scale dye solar cell (DSC) technology
Proven 3rd generation solar technology
Favourable industry dynamics
Partnerships with top tier commercial and technology players
Strong management team
Revenue traction
Focus on specialist input materials for built environment - large scale roof, window and glass façade applications
Professor Graetzel wins Millennium Technology Award 2010 for DSC
Generation of electricity under wide range of light conditions and applications (direct and indirect sunlight on roofs, windows and glass façades)
Cost efficiency: payback time 2-3x better than current best solar technology
Low impact on environment (e.g. no toxicity, minimal remediation risk)
Solar expected to generate ~1% of global energy needs by % p.a. growth to 2020(1)
Introduction of carbon and waste costs (e.g. ETS) will improve solar’s competitiveness
Large-scale DSC expected to be competitive with coal, gas and nuclear in regions with high transmission costs
Tata-Corus (UK): #2 European coated roofing manufacturer
Merck (Global): #1 global manufacturer of ionic solutions
Pilkington (US): leading global auto/building glass manufacture
Singapore Aerospace Manufacturing: excellence in equipment & engineering solutions
Excluding grants, revenue grew 31.5% from $1.9m in FY08 to $2.5m in FY09
CAGR of 20.3% since FY07
Board has good mix of financial, commercial and international experience
Management team includes leading scientists, engineers and technologists
(1) US Energy Information Administration

8. Appendix The Solar Landscape
See also