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Umicore Partners Dyesol to Commercialize Dye Solar Cells

4:49 AM MST | November 15, 2010 | Alex Scott

Catalyst and precious metals supplier Umicore says it has signed a letter of intent (LOI) and entered into negotiations to establish a business alliance with Dyesol (Queanbeyan, Australia), a company developing solar cells based on dye technology. Dyesol’s solar cells generate electricity from sunlight using metal-based dyes including dyes featuring ruthenium. Financial terms between the two companies have not been discosed. The partnership between the two companies marks Dyesol’s strategy to team up with international companies ahead of...

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