February 02, 2007
By: by Erica Dart, DayStar Technologies
Halfmoon, NY - (PR Newswire) - February 2, 2007
- DayStar Technologies, Inc. (NASDAQ: DSTI), a developer and manufacturer of innovative CIGS Photovoltaic FoilTM products, today announced continued Company restructuring by replacing the chairman of the board.
On January 22, 2007, Randall A. Graves, Jr., a member of DayStar's board of directors since October 2003, was elected by the board of directors to serve as Chairman of the Board, replacing John R. Tuttle, until the next Annual Meeting of the Shareholders. In addition to his new responsibilities, Dr. Graves will continue to serve as Lead Outside Director of the board's executive committee.
John R. Tuttle, who resigned as Chief Development Officer of DayStar Technologies, Inc. to pursue other opportunities, will remain a member of DayStar's board until the next Annual Meeting of the Shareholders.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency Photovoltaic FoilTM 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/.
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, including statements concerning the Company's beliefs regarding its ability to meet its financial needs, 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.