August 08, 2006
By: by Erica Dart, DayStar Technologies
Halfmoon, NY - (PR Newswire) - July 31, 2006
- DayStar Technologies, Inc. (NASDAQ:DSTI), a developer and manufacturer of innovative Photovoltaic Foil™products, proudly welcomed Senator Hillary Rodham Clinton for a visit to its facility in Halfmoon, New York on July 29, 2006.
The Senator met with executive staff and talked with numerous employees while viewing the operations of the factory. Following a brief presentation by Dr. John R. Tuttle, DayStar’s Chairman and CEO, Senator Clinton spoke to over one hundred fifty of DayStar’s employees, friends and family, gathered for an outdoor event as part of the Company’s Employee Appreciation Week. The Senator presented her policy proposals for increasing the use of renewable energies, and acknowledged DayStar’s vision in the development and manufacturing of their new and advanced solar cell technology.
The Senator stated following the visit, “Everywhere I go, I hear concerns about energy prices. On Monday, the Department of Energy announced thatthe average price for regular gasoline in New York State had hit a new record of $3.13 a gallon. At those prices, New Yorkers will pay nearly $9 billion more for gasoline this year than they did in 2001,” Senator Clinton said. “We need to transform the way that we produce and use energy-away from foreign sources of energy like oil, and towards domestic renewable energy like solar. What DayStar is doing here in New York is a perfect example of innovation that is good for the environment and the local economy. DayStar is creating cutting-edge solar technology, with a goal of mass-producing highly affordable solar energy. I am pleased to support companies like DayStar because I believe that if we put the right policies in place, and harness the power of American innovation, we can create clean energy technologies, create jobs, and export those technologies around the world.”
Senator Clinton has proposed legislation that would eliminate tax breaks for oil companies and assess a temporary fee on the profits of oil companies that do not choose to invest in renewable energy. Those resources would be put into a “strategic energy fund,” that would be dedicated to research, development and deployment of clean energy technologies. One purpose of the Strategic Energy Fund would be to create a five-year, $9 billion energy research effort to tap the brightest minds in government, academia, and the private sector to tackle our energy problems through a portfolio of competitive research projects. One of the explicit purposes of this new research entity would be to speed commercialization of low-carbon energy technologies like those being pioneered at DayStar. The Strategic Energy Fund would put long-term incentives in place to accelerate the adoption of clean energy technologies. Specifically, the fund would provide a 10-year extension for the electricity production tax credit that applies to wind, solar and other renewables. Senator Clinton has also called for legislation to create a national renewable portfolio standard that would require 20% of our electricity to be generated from renewable sources by 2020.
"We were honored and pleased that Senator Clinton asked to visit our facility, meet our staff, and view firsthand our Company’s leadership and progress towards commercializing our solar energy technologies,” said Dr. Tuttle. “It is clear that the Senator’s policies are aligned with Daystar’s mission of Gigawatt-scale manufacturing to achieve our vision of ‘Making Free Energy Affordable.’ We agree that the time is now to significantly increase investment in technologies such as ours that will help our nation regain its worldwide leadership in a sustainable energy future.”
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency Photovoltaic Foil™ 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.
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