Transcription of Finance News Network Interview with Dyesol Limited (ASX:DYE) Managing Director, Richard Caldwell
John Treadgold: Dyesol Limited
(ASX:DYE) is a leading developer of third generation solar technology, known as solid-state dye solar cells. This unique technology can be integrated into glass, metal, cement and other building materials to generate energy even in low light conditions. I’m John Treadgold and joining me today at the ASX Investor Seriesin Sydney is the Company’s Managing Director, Richard Caldwell. Richard welcome.
Richard Caldwell: It’s a pleasure to be here, thank you.
John Treadgold: Solar enabled building is an exciting proposal. How advanced is Dyesol’s research and development in this area?
Richard Caldwell: Dyesol’s vision is to fundamentally change the way that energy is generated and consumed in the building environment to bring clean, cheap, green energy to the world. So it’s a very exciting prospect. We’ve invested $120 million, we’re now focusing very much on commercial objectives and we hope to bring the technology to commercial realty by 2017/18.
John Treadgold: Can you explain to our viewers what sets you apart from others in the industry?
Richard Caldwell: Absolutely, I think in particular it’s our commercial focus; it’s a relatively new technology. We’ve brought together the best technology and the best people from around the world, to focus on a very clear technology development plan and business plan. And have partnered with some of the world’s biggest materials manufacturers, to bring this to market by 2018.
John Treadgold: And what are some of the immediate issues or opportunities that Dyesol is focussed on?
Richard Caldwell: Well the opportunities are opening all the time. I think because it’s such a cheap and compelling economic proposition, our technology is now moving beyond just building at a greater photovoltaics. We’re also looking at taking silicon on, head on in other utility applications such as solar farms. So it’s very exciting and the trajectory of development is very steep.
John Treadgold: The Government’s renewable energy target has an uncertain future. How much impact does public policy have on your operations?
Richard Caldwell: Well it’s a very good question. Clearly the Australian Renewable Energy policy is out of sync with the rest of the world, thank goodness. So we really focus on what’s going on in Europe, North America, northeast Asia and those public policies support the growth of a multibillion dollar renewable energy industry. So thank goodness we have the rest of the world to rely on for our prospects.
John Treadgold: In terms of your financials, can you give us a snapshot of the Company and the outlook?
Richard Caldwell: Well the Company’s in pre-profit phase, we’ve invested $120 million so far in developing this technology. We expect to reach significant revenues by 2016/17. And beyond that with the prospect for this technology, we expect to shortly go after rich profitability.
John Treadgold: What are some long term goals that Dyesol is focusing on?
Richard Caldwell: Dyesol would like to see its technology covering the walls and roofs of all the buildings around the world. The idea of having building at a greater photovoltaics is really the holy grail of energy production and consumption. So we have very, very bold objectives and we are partnering with some of the largest companies in the world, to bring that to the market as soon as we can.
John Treadgold: Richard Caldwell, thank you for the update from Dyesol.
Richard Caldwell: Thanks for inviting me, my pleasure.
Ends
