Home > Dyesol announces OTCQX quotation in USA

Dyesol announces OTCQX quotation in USA

Supplier News

Global supplier of Dye Solar Cell (DSC) materials, technology and know-how, Dyesol Limited has upgraded from the Over-the-Counter (OTC) pink marketplace in the USA to the top tier of the OTC market, the OTCQX.  

This move is in response to increased US investor enquiries and as part of a determined bid to diversify its shareholder base and increase liquidity. The move also significantly increases information transparency to US investors by providing a full record of all company announcements, financial reports and shareholder notifications from the preceding 24 months.  

The OTCQX marketplace is exclusively for companies that meet the highest financial standards and undergo a qualitative review.  

The Bank of New York Mellon is Dyesol’s Principal American Liaison and the company launched its Level 1 American Depositary Receipt (ADR) program in early 2011 at a ratio of 1 ADR to 20 Australian shares.  

According to Dyesol Chairman Richard Caldwell, increased investor interest in the United States is being driven by Dyesol’s American subsidiary, Dyesol Inc., a joint venture with Pilkington North America called DyeTec Solar, and by the mandate to incorporate ‘sustainability’ and ‘green investment’ options into a growing number of investment portfolios.  

Mr Caldwell adds that Dyesol is at the cutting edge in the photovoltaic industry with its DSC photovoltaic technology, enabling metal, glass and polymeric based products in the building, transport and electronics sectors to generate energy and improve energy efficiency.  

Joint-Founder and Company Director, Sylvia Tulloch explains that DSC has the ability to turn buildings and vehicles into efficient, aesthetic and inexpensive power generators, adding that Dyesol and its JV partners across the world are on track to offer DSC as a large-scale commercial product within the next few years.  

US-based retail-oriented broking houses and institutions with obligations to invest only in US traded stocks will be able to add ‘green investment’ to their portfolios with Dyesol equity.  

The establishment of Dyesol’s ADR program, now successful trading on the OTCQX creates a broader secondary market for Dyesol’s securities and enables US investors to trade in the Company’s securities without the concern of cross-currency transactions.

Newsletter sign-up

The latest products and news delivered to your inbox