June 07, 2006
By: by Sawchuk, Brown Associates
Halfmoon, NY — (PR Newswire) — June 6, 2006
— DayStar Technologies, Inc. (NASDAQ: DSTI), a developer and manufacturer of innovative Photovoltaic Foil™ products, will host its 2006 Annual Meeting of Shareholders at 11:00 AM EST on June 19, 2006. The meeting will take place at The Desmond Hotel & Conference Center located at 660 Albany Shaker Road in Albany, New York.
At the Annual Meeting, Dr. John Tuttle, President and CEO of DayStar Technologies, will highlight the Company’s recently announced Corporate Vision and Mission, and its 2006 milestones. Examples of products produced with DayStar’s solar cells by the Company’s two initial customers will be on display.
Only holders of the Company’s Common Stock, at the close of business on April 21, 2006, will vote on the election of directors to serve on the Company’s Board, the adoption of the 2006 DayStar Technologies, Inc. Equity Incentive Plan, and the ratification of independent public accountants for 2006. Eligible stockholders will also vote on the amendment and restatement of the Company’s Certificate of Incorporation to increase the number of authorized shares from 20,000,000 to 60,000,000 along with other changes and transact other business that may be properly brought before the meeting.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency PhotovoltaicFoil™ that converts sunlight into energy. The Company manufactures CIGS solar cells, which are deposited on flexible metal foils using production processes adapted from computer component manufacturing. As an alternative to wafer-silicon solar cells, DayStar believes the unique combination of its CIGS solar cell design coupled with proprietary manufacturing processes on flexible metal substrates could substantially lower costs and remove deployment barriers currently limiting large adoption of solar energy. For more information on the Company, please visit http://www.daystartech.com.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future, " "plan" or "planned, " "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including risks that our products may not achieve customer acceptance or that they will not perform as expected, and other risks identified in our annual report on Form 10-K and other filings with the SEC. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and DayStar Technologies Inc. undertakes no obligation to update such statements.