September 22, 2006
By: by Erica Dart, DayStar Technologies
, NY– September 21, 2006– DayStar Technologies, Inc. (NASDAQ:DSTI), a developer and manufacturer of innovative CIGS Photovoltaic Foil™products, today confirmed status of important production and performance milestones. The Company reported that production throughput and performance objectives for cells produced on the Gen II production line are exceeding expectations, and anticipates reaching 10 percent or greater cell efficiencies by the end of this year. DayStar has ramped up its operations, and is now running three production shifts, five days a week, to produce and ship its proprietary CIGS thin film solar cells. TerraFoiläcells from the Gen II line are being used for two purposes: by current customers for early market acceptance, and as a means to secure new strategic relationships.
Dr. Stephan DeLuca, Chief Operating Officer of DayStar commented, “Saying you intend to produce commercially viable CIGS solar cells and actually doing it, are two very different things. We believe our incremental and multi-generational production roadmap is the most effective way to overcome the many engineering and manufacturing challenges required to bring real CIGS product to the market. We are effectively executing a very clear and well defined path that is producing positive results. As the first manufacturer to successfully begin factory production of discrete CIGS solar cells on metal foil substrates, that are compatible with wafer Si cell module operations, we have initiated a paradigm in the expanded adoption of thin-film PV products. This vital step now clears the way for our next generation of higher volume production, required for achieving our goal of Gigawatt-scale manufacturing.”
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.
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-KSB 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.