Greatcell Solar Limited (formerly Dyesol Limited) announced that it has signed a non-exclusive Memorandum of Understanding (MOU) with JinkoSolar, an international Chinese headquartered company and one of the world's largest photovoltaic (PV) solar panel manufacturers.

The relationship has formed over several months of discussion and with the close support of Nanyang Technology University (NTU), our academic research collaboration partner in Singapore.

Greatcell will make available developmental Perovskite Solar Cell (PSC) devices and associated information on a strictly confidential basis to enable Jinko to further evaluate the technology with the long-term aim of entering into a formal agreement with Greatcell to commercialise the technology and establish large scale manufacturing.

Managing Director, Richard Caldwell remarked: "We are delighted to jointly explore commercialisation opportunities with Jinko for our revolutionary technology in China. Jinko is very progressive, recognises the potential of our emerging technology and is a world leader in the solar sector. Moreover, Jinko has a deep understanding of risk-managed technology development and the benefits of economies of scale in manufacture. The possibilities for collaboration are enormous."