First Milestone Payment Under The SmartCymu Project Received by Dyesol

Dyesol announced the receipt of the first Milestone payment under the SmartCymu project.  Payment of GBP 251,522.00 (approx $580,000) has been made into Dyesol subsidiary Dyesol UK Limited.  

In the SmartCymru project, Dyesol is teamed with Corus, Europe’s 2nd largest steel producer and part of the Tata Steel Group, with a presence in more than 50 countries.  Corus and Dyesol are committed to the demonstration of a breakthrough photovoltaic technology and to successfully commercialise it on an industrial scale, capable of being applied to large surface area buildings, and of generating renewable energy for 25 years or more, not dependent upon the existence of future subsidies.