On Feb. 5, 2010, Dyesol Industries Pty Limited, the controller of the Dyesol suite of intellectual property, and wholly owned subsidiary of Dyesol Limited (DYE, D5I), has established a GmbH subsidiary in Bavaria, Germany.

This company will pursue dye solar cell (DSC) product development and commercialization opportunities that arise in Germany, particularly in Bavaria. The basis of the business will be collaboration and partnerships with industrial and government partners.

The managing director is Dr Keith Brooks, currently managing director of Dyesol’s Swiss subsidiary, Greatcell Solar S.A. He is supported by Dyesol’s European strategic development team led by Dyesol’s managing director global, Dr Gavin Tulloch and Michael Sundman, business development executive – Europe.

Dr Tulloch stated, “This step has been in the planning for some years. It is a logical progression for Dyesol to develop new products and applications in Germany, the most advanced solar society in the world, one in which energy conscience and environmental awareness make our job that much easier. This is a logical move and is part of a range of activities we seek to complete in the region.”

Further announcements will be made concerning strategy, operations and commercial arrangements as business opportunities reach maturity.