Dyesol Restructures to Fast Track Growth and Internationalization

Dyesol Limited, the world leader in dye solar cell (DSC) materials and technologies, has announced a major restructure that will significantly strengthen the management team, and ensure better communication and knowledge-sharing across global geographic borders.

Founder Dr. Gavin Tulloch has resigned from the Board to focus entirely on technology development.

In his role as global director – technology, Dr. Tulloch will oversee global technology development to take advantage of every emerging opportunity. For example, Dyesol expects that the recently announced glass program in Toledo, Ohio, U.S. has similar potential to the steel roofing programme in Shotton, North Wales. However, maximizing these emerging opportunities requires an absolute focus on the scientific and technical challenges required to take the company’s technology from laboratory to commercial scale.

Dyesol has established a credible presence in Asia and Europe/UK and an emerging presence in the U.S., whilst maintaining its headquarters in Queanbeyan, Australia.

In addition, Dyesol will recruit a chief executive to lead and coordinate the organization’s next growth stage including developing processes and procedures required to operate successfully across international boundaries. Research and development and related activities critical to commercializing DSC will continue at the company’s headquarters in Queanbeyan, New South Wales.

The Dyesol board has short-listed three prospective candidates to fill the role of CEO, each with strong DSC commercialization credentials, and looks forward to making an imminent appointment.

Since listing in 2005, the board has worked closely with the company founders, Dr. Gavin and Sylvia Tulloch, to promote and commercialize DSC.

“Most importantly, significant milestones have been achieved to meet those objectives including the establishment of collaborations and partnerships with industry leaders in the built environment including Corus (Tata Steel) UK, Pilkington NA and Singapore Aerospace Manufacturing,” Dyesol’s chairman Richard Caldwell commented.

“We are also confident that additional defining relationships in the built environment that will increase shareholder value will emerge in coming months.

“Finally, new directors will be appointed to the board to ensure we have the appropriate governance skills and international experience to ensure Dyesol’s materials and technologies are successfully commercialized,” Caldwell said.