Nanyang Technological University, Singapore's Energy Research Institute at NTU (ERI@N) will partner with Dyesol Limited, to investigate Dye Solar Cell (DSC) applications and technological advancements. Both institutions will collaborate on R&D work involving low-cost DSC technology – a nanotechnology that mimics photosynthesis to turn light into electricity under real world solar conditions.

Dyesol Limited signed a two-year research collaboration agreement with the Energy Research Institute to create scalable, commercially feasible solid-state dye solar cell (DSC) technology, a low-cost renewable energy technology that operates efficiently in variable and low-lightconditions. Under the agreement, NTU and Dyesol will share intellectual property (IP) and Dyesol can commercialize the new IP granted under the agreement.

Dyesol Limited announced consolidated earnings results for the six months ended December 31, 2012. For the quarter, the company reported Revenue from sale of goods and services of AUD 518,129 against AUD 1,095,674 a year ago. Loss before income tax benefit was AUD 4,290,682 against AUD 6,162,155 a year ago. Net loss for the half-year was AUD 2,826,592 against AUD 5,397,281 a year ago. Loss for the half-year is attributable to company was AUD 2,827,746 or 1.44 cents per basic and diluted share against AUD 5,398,941 or 3.40 cents per basic and diluted share a year ago. Net cash outflow from operating activities was AUD 829,640 against AUD 5,805,064 a year ago. Payments for property, plant & equipment was AUD 36,319 against AUD 196,814 a year ago.