Dyesol has signed a memorandum of understanding with Singapore Aerospace Manufacturing (SAM) for an alliance in the design, development, and building of an automated pilot manufacturing facility for DSC products. This MOU stems from the current relationship between Dyesol and LKT Industrial, a subsidiary of SAM, which manufactures a range of Dyesol test and process equipment under contract.
Executive VP of SAM, Oh Chong Ho, stated, “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.”
The two companies will design and cost a pilot manufacturing facility with an excess of 20,000m2 in annual production capacity. They will also cultivate the business case and build the facility.
Gordon Thompson, director of Dyesol, said, “This MOU is a further example of Dyesol teaming with quality global partners to advance the rapid commercialisation 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.”