MOU Signed Between Dyesol and Singapore Aerospace Manufacturing Pte Ltd

Dyesol Limited and Singapore Aerospace Manufacturing Pte Ltd (SAM) have signed a memorandum of understanding to collaboratively design, develop and build an automated pilot manufacturing facility for DSC products.

The agreement involves Dyesol and SAM working together to design and cost a pilot manufacturing facility with an annual production capacity exceeding 20,000m2, develop the business case and construct the facility. The project will also address scale up to significantly larger volume production.

This activity builds on the close relationship that currently exists between Dyesol and LKT Industrial Bhd, a wholly-owned subsidiary of SAM, which is currently manufacturing a range of specialized Dyesol test and process equipment under contract. This is a synergistic relationship where LKT’s design, manufacturing and QA systems allow high quality equipment to be produced at a lower cost.

While SAM’s roots lie in the aerospace industry, through acquisition and diversification, it has grown to be a multidisciplinary conglomerate with considerable capability in engineering, process automation and contract manufacture for a blue chip client base.

Gordon Thompson, director of Dyesol, stated, “This MOU is a further example of Dyesol teaming with quality global partners to advance the rapid commercialization of dye solar cell technology. There is a good strategic fit between SAM and Dyesol – our skill sets are complementary and the relationship to date has resulted in considerable benefit to Dyesol. Equipment sales represent a considerable portion of Dyesol’s current revenue base, and being able to supply integrated automated solutions offers further growth opportunities.

“The MOU is the next step in moving to large scale automated DSC product production and will provide a technology platform to support our activities, partners and projects globally,” Thompson added. “Larger scale production capacity will underpin growth in revenue from our core materials business.”

Oh Chong Ho, executive vice president of SAM, added, “This is a strategic partnership for SAM as we see DSC as a high growth market and the Singapore government’s support of cleantech provides a great opportunity to develop this technology. We are confident that teaming with Dyesol is the best way to expand into this area.”