Dyesol is pleased to announce receipt of $275.000 by Dyesol subsidiary STI from the Department of Defence, as payment for meeting the 6th Milestone in its contract to demonstrate flexible camouflage Dye Solar Cell modules.
Achievement of milestone payments from its major contracts is an important element of Dyesol?s strategy for commercialising its extensive DSC patents and knowhow in partnership with globally respected organisations.
The company has also supplied to DSTO a report detailing the design and manufacture of the full ten module panel, in satisfaction of the sub-milestone due on 19 December 2007. This completes the next step towards manufacture of this exciting new solar product. The STI design is unique in giving virtually complete camouflage capability while still providing power needed for charging.
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