/ News en-us Copyright 2008 DayStar Technologies / Mon, 20 May 2013 00:28:15 EST /news.cfm/articleid/86406 DayStar Technologies Fri, 24 Aug 2012 00:00:00 EST DayStar Technologies Announces 2011 Third Quarter Financial Results Continues Discussions With Strategic Investors Milpitas, CA, November 14, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced financial results for its third quarter ended September 30, 2011. Net loss for the third quarter of 2011 was $1.3 million or $0.14 per share, compared with a net loss of $7.4 million or $1.62 per share in the third quarter of 2010. The per share losses were calculated on the weighted average common shares outstanding of 9.3 and 4.6 million for the third quarter ended September 30, 2011 and 2010, respectively. Research and development expenses for the third quarter of 2011 were $0.2 million compared with $0.2 million in the third quarter of 2010. Selling, general and administrative expenses for the third quarter of 2011 were $0.3 million compared with $1.3 million in the third quarter of 2010. Research and development expenses and selling, general and administrative expenses reflect the cost savings measures implemented by the Company as well as lower share based compensation expenses. The third quarter net loss in the prior year included restructuring charges of $2.0 million related to impairment charges on certain manufacturing equipment when the Company closed its manufacturing facility in Newark, California. Additionally, the third quarter net loss in the prior year reflected a $4.9 million loss on extinguishment of debt. DayStar Chairman and Interim CEO, Peter Lacey, commented, “We continue discussions with potential strategic partners and investors with the objective of enhancing shareholder value.” The balance sheet as of September 30, 2011, and the statement of operations for the three months and nine months ended September 30, 2011, is attached as exhibits to this press release. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this press release are based on information available at the time the statements are made and management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding the expected benefits of restructuring measures and the potential success of fundraising and strategic partnership efforts and our ability to enhance shareholder value. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan, our ability to continue our debt reduction programs, and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2010, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Chief Financial Officer 408/582.7100 investor@daystartech.com /news.cfm/articleid/86405 DayStar Technologies Tue, 15 Nov 2011 00:00:00 EST Continues Discussions With Strategic Investors Milpitas, CA, August 15, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced financial results for its second quarter ended June 30, 2011. Net loss for the second quarter of 2011 was $1.1 million or $0.12 per share, compared with a net loss of $12.2 million or $2.97 per share in the second quarter of 2010. The per share losses were calculated on the weighted average common shares outstanding of 8.9 and 4.1 million for the second quarter ended June 30, 2011 and 2010, respectively. Research and development expenses for the second quarter of 2011 were $0.2 million compared with $2.6 million in the second quarter of 2010. Selling, general and administrative expenses for the second quarter of 2011 were $0.5 million compared with $1.1 million in the second quarter of 2010. The decreases in both research and development expenses and selling, general and administrative expenses reflect the significant cost savings measures implemented by the Company during the past year. Additionally, the second quarter net loss in the prior year included restructuring charges of $7.8 million related to impairment charges on leasehold improvements and certain manufacturing equipment when the Company exited its manufacturing facility in Newark, California. DayStar Chairman and Interim CEO, Peter Lacey, commented, “We continue discussions with potential strategic investors with the objective of enhancing shareholder value.” The balance sheet as of June 30, 2011, and the statement of operations for the three months and six months ended June 30, 2011, is attached as exhibits to this press release. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this press release are based on information available at the time the statements are made and management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding the expected benefits of restructuring measures and prospective fundraising and potential strategic partnership efforts. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan, our ability to continue our debt reduction programs, and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2010, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Lail Chief Financial Officer 408/582.7100 investor@daystartech.com /news.cfm/articleid/86403 DayStar Technologies Mon, 15 Aug 2011 00:00:00 EST Milpitas, CA, May 16, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced financial results for its first quarter ended March 31, 2011. Net loss for the first quarter of 2011 was $0.4 million or $0.05 per share, compared with a net loss of $6.1 million or $1.61 per share in the first quarter of 2010. The per share losses were calculated on the weighted average common shares outstanding of 7.8 and 3.8 million for the first quarter ended March 31, 2011 and 2010, respectively. Research and development expenses for the first quarter of 2011 were $0.6 million compared with $2.5 million in the first quarter of 2010. Selling, general and administrative expenses for the first quarter of 2011 were $1.2 million compared with $2.2 million in the first quarter of 2010. The decreases in both research and development expenses and selling, general and administrative expenses reflect the significant cost savings measures implemented by the Company during the past year. During the first quarter of 2011, the Company incurred $850,000 of non-cash restructuring charges resulting from the extinguishment of certain liabilities in order to pursue strategic partnerships for offshore manufacturing. Also included in the non-cash expenses for the first quarter of 2011 was $0.7 million for amortization of the discount on outstanding convertible notes. During the first quarter of 2011, the Company recorded a gain on derivative liabilities of $3.7 million related to the reduction in the conversion feature liability on the Company’s balance sheet during the quarter. DayStar Chairman and Interim CEO, Peter Lacey, commented, "During the first quarter of 2011 we continued to make significant progress in completing the restructuring of our balance sheet and further reducing our liabilities while simultaneously making strides towards a strategic partnership to implement our current business strategy. We believe we are well positioned to complete a strategic partnership and to capitalize on the increasing market opportunities within the renewable energy industry.” About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this press release are based on information available at the time the statements are made and management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding the expected benefits of restructuring measures and prospective fundraising and potential strategic partnership efforts. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan, our ability to continue our debt reduction programs, and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2010, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Lail Chief Financial Officer 408/582.7100 investor@daystartech.com /news.cfm/articleid/86401 DayStar Technologies Mon, 16 May 2011 00:00:00 EST Milpitas, CA, April 1, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced financial results for its fourth quarter and full year ended December 31, 2010. Net loss for the fourth quarter of 2010 was $2.3 million or $0.45 per share, compared with a net loss of $4.6 million or $1.22 per share in the fourth quarter of 2009. Net loss for the full year ended December 31, 2010 was $28.1 million or $6.38 per share, compared with a net loss of $25.0 million or $6.72 per share in 2009. The per share losses were calculated on the weighted average common shares outstanding of 5.1 and 4.4 million for the fourth quarter and year ended December 31, 2010, respectively, compared with 3.8 and 3.7 million for the fourth quarter and year ended December 31, 2009, respectively. The net loss for the year ended December 31, 2010 included non-cash expenses of $21.6 million. Specifically, $9.8 million of non-cash restructuring charges resulted from the extinguishment of certain liabilities in order to pursue strategic partnerships for offshore manufacturing. Also included in these non-cash expenses was $6.1 million for amortization of the discount on outstanding convertible notes as well as $4.9 million related to the restructuring of these convertible notes during the year. Excluding non-cash charges, the net losses for the fourth quarter and full year ended December 31, 2010 were $0.6 million or $0.12 per share and $6.5 million or $1.48 per share, respectively, reflecting the significant cost savings measures implemented by the Company. DayStar Chairman and Interim CEO, Peter Lacey, commented, " The renewable energy industry and the solar sector in particular, represent very attractive markets and are clearly in focus right now for many countries around the globe. Thin-film solar technologies continue to gain market share and we believe CIGS represents a strong growth opportunity within thin-film. During 2010 we restructured our balance sheet and significantly decreased our liabilities and are now well-positioned for a strategic partnership to manufacture CIGS modules offshore and capitalize on this market opportunity. We are actively in discussions with potential strategic partners to implement this strategy.” About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this press release are based on information available at the time the statements are made and management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding the expected benefits of restructuring measures and prospective fundraising and potential strategic partnership efforts. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan, our ability to continue our debt reduction programs, and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2010, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Lail Chief Financial Officer 408/582.7100 /news.cfm/articleid/86398 DayStar Technologies Fri, 01 Apr 2011 00:00:00 EST v:* {behavior:url(#default#VML);} o:* {behavior:url(#default#VML);} w:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} 2010FourthQTR st1:*{behavior:url(#ieooui) } Milpitas, CA, April 1, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced financial results for its fourth quarter and full year ended December 31, 2010. Net loss for the fourth quarter of 2010 was $2.3 million or $0.45 per share, compared with a net loss of $4.6 million or $1.22 per share in the fourth quarter of 2009. Net loss for the full year ended December 31, 2010 was $28.1 million or $6.38 per share, compared with a net loss of $25.0 million or $6.72 per share in 2009. The per share losses were calculated on the weighted average common shares outstanding of 5.1 and 4.4 million for the fourth quarter and year ended December 31, 2010, respectively, compared with 3.8 and 3.7 million for the fourth quarter and year ended December 31, 2009, respectively. The net loss for the year ended December 31, 2010 included non-cash expenses of $21.6 million. Specifically, $9.8 million of non-cash restructuring charges resulted from the extinguishment of certain liabilities in order to pursue strategic partnerships for offshore manufacturing. Also included in these non-cash expenses was $6.1 million for amortization of the discount on outstanding convertible notes as well as $4.9 million related to the restructuring of these convertible notes during the year. Excluding non-cash charges, the net losses for the fourth quarter and full year ended December 31, 2010 were $0.6 million or $0.12 per share and $6.5 million or $1.48 per share, respectively, reflecting the significant cost savings measures implemented by the Company. DayStar Chairman and Interim CEO, Peter Lacey, commented, " The renewable energy industry and the solar sector in particular, represent very attractive markets and are clearly in focus right now for many countries around the globe. Thin-film solar technologies continue to gain market share and we believe CIGS represents a strong growth opportunity within thin-film. During 2010 we restructured our balance sheet and significantly decreased our liabilities and are now well-positioned for a strategic partnership to manufacture CIGS modules offshore and capitalize on this market opportunity. We are actively in discussions with potential strategic partners to implement this strategy.” About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this press release are based on information available at the time the statements are made and management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding the expected benefits of restructuring measures and prospective fundraising and potential strategic partnership efforts. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan, our ability to continue our debt reduction programs, and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2010, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Lail Chief Financial Officer 408/582.7100 investor@daystartech.com DAYSTAR TECHNOLOGIES, INC. (A DEVELOPMENT STAGE ENTERPRISE ) BALANCE SHEETS December 31, 2010 December 31, 2009 ASSETS Current Assets: Cash and cash equivalents .................................................................................................................. $ 97,058 $ 17,320 Other current assets ............................................................................................................................... 294,743 343,083 Total current assets ..................................................................................................................... 391,801 360,403 Property and Equipment, at cost ................................................................................................................... 23,876,208 52,915,965 Less accumulated depreciation and amortization .......................................................................... (5,658,906) (6,388,914 ) Net property and equipment ..................................................................................................... 18,217,302 46,527,051 Other Assets: Other assets ............................................................................................................................................. 30,940 246,396 Total Assets .................................................................................................................................. $ 18,640,043 $ 47,133,850 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable and accrued expenses ......................................................................................... $ 6,943,711 $ 18,387,530 Notes and capital leases payable, current portion, net of discount of $664,835 and $795,413, respectively ..................................................................................................................... 4,590,165 1,629,587 Deferred rent, current portion .............................................................................................................. — 139,870 Total current liabilities ................................................................................................................ 11,533,876 20,156,987 Long-Term Liabilities: Deferred rent ........................................................................................................................................... — 3,452,790 Conversion feature ................................................................................................................................ 3,854,272 251,618 Stock warrants ........................................................................................................................................ — 131,835 Total long-term liabilities ........................................................................................................... 3,854,272 3,836,243 Stockholders’ Equity: Preferred stock, $.01 par value; 3,000,000 shares authorized; 0 shares issued and outstanding .................................................................................................................... — — Common stock, $.01 par value; 120,000,000 shares authorized; 6,484,516 and 3,767,290 shares issued and outstanding at December 31, 2010 and December 31, 2009, respectively ................................................................................................... 64,845 37,672 Additional paid-in capital ..................................................................................................................... 153,272,626 145,106,851 Accumulated deficit .............................................................................................................................. (10,145,391 ) (10,145,391 ) Deficit accumulated during the development stage ........................................................................ (139,940,185) (111,858,512 ) Total stockholders’ equity ......................................................................................................... 3,251,895 23,140,620 Total Liabilities and Stockholders’ Equity ............................................................................. $ 18,640,043 $ 47,133,850 DAYSTAR TECHNOLOGIES, INC. (A DEVELOPMENT STAGE ENTERPRISE ) STATEMENTS OF OPERATIONS For the Years Ended December 31, < /news.cfm/articleid/86400 DayStar Technologies Fri, 04 Mar 2011 00:00:00 EST Milpitas, CA, February 28, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced that Magnus Ryde has resigned from his roles as Chief Executive Officer and Director of DayStar effective February 28, 2011, in order to pursue other opportunities. “I am grateful for the opportunity to have led DayStar throughout this past year and am confident that the progress we have made to restructure our balance sheet and in discussions with potential strategic partners have DayStar well positioned for near-term success”, commented Magnus Ryde. Peter Lacey, DayStar’s Chairman of the Board, has been appointed to the additional position of Interim Chief Executive Officer, effective February 28, 2011. Mr. Lacey commented, “We appreciate the leadership that Magnus Ryde provided to DayStar during this very challenging time as well as the progress that has been made during Mr. Ryde’s tenure as CEO to position the Company for a successful strategic partnership. I look forward to taking a more active role in the day-to-day operations of the business and working closely with the rest of the management team during this very exciting time for the Company. I am committed to doing everything necessary to continue to build upon the progress that has been made to position the Company for a strategic partnership and to lead DayStar through its next phase of growth.” Mr. Lacey has served as our Chairman of the Board since October 2009. Mr. Lacey has been the President, Chief Executive Officer and a Director of Cervus Equipment Corporation since May 2003. Cervus Equipment Corporation, which had over $450 million in revenue in 2010 is listed on the TSX – Toronto Stock Exchange (CVL) and operates 15 agricultural and turf John Deere stores in Alberta, Saskatchewan, and British Columbia, as well as 5 Bobcat and JCB construction equipment stores in Alberta and 10 material handling equipment branches in Alberta, Saskatchewan and Manitoba. Mr. Lacey is also the President, Chief Executive Officer and a trustee of Proventure Income Fund, a public real estate income trust (REIT) listed on the TSX Venture Exchange (PVT.UN) which is in the commercial rental property business and provides commercial real estate leases to Cervus and other companies since November 2005. Mr. Lacey has also been the Chairman of the Board and Director of Eveready Energy Services, a public company listed on the Toronto Stock Exchange that provides industrial and oilfield maintenance and production services to the energy, resource, and industrial sectors, since September 2004. Eveready was sold to Clean Harbors Inc. in 2009. Mr. Lacey has been a member of the Red Deer College Board of Governors and Chairman. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding DayStar's business that are not historical facts may be considered "forward-looking statements," including statements concerning DayStar’s expectations regarding potential strategic transactions and its ability to enhance shareholder value. The forward-looking statements in this news release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause DayStar's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include DayStar’s ability to successfully complete a strategic transaction and other risks detailed in DayStar's annual report on Form 10-K for the year ended December 31, 2009 and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DayStar undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Lail Chief Financial Officer 408-884-0019 investor@daystartech.com /news.cfm/articleid/86397 DayStar Technologies Mon, 28 Feb 2011 00:00:00 EST DayStar Technologies Announces Entry into $5 Million Securities Purchase Agreement and Additional Extinguishment of $3.6 Million in Debt Strategic Partnership Discussions Continue Milpitas, CA, February 3, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced it has entered into a $5 million securities purchase agreement with Socius CG II, Ltd., a subsidiary of Socius Capital Group (“Socius”). Daystar also announced the additional extinguishment of debt in exchange for shares of common stock as the company continues to restructure its balance sheet and pursue a strategic partnership. DayStar’s CEO, Magnus Ryde commented, “This flexible financing arrangement, with a proven partner in Socius Captial, will strengthen our balance sheet and will better position us as we continue our discussions with potential strategic partners. The partnerships we are pursuing, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a reverse merger with or an acquisition of DayStar.” Under the agreement, Daystar has the right over a term of two years, subject to certain conditions, to require Socius to purchase up to $5 million of redeemable Series B Preferred Stock (the “Preferred Stock”). With each purchase, Socius will receive two-year warrants to purchase shares of the company's common stock valued at 35% of the Preferred Stock amount. The exercise price of the warrants will equal the closing bid price of the company's common stock on the preceding day. In addition, Socius will be entitled to exercise an additional investment right for 60 days after each sale of Preferred Stock to purchase common stock valued at 100% of the amount of the Preferred Stock, at a per share price equal to the exercise price of the warrants associated with the sale of Preferred Stock. DayStar also announced that it has extinguished an additional $3.6 million in debt from its balance sheet through the conversion to equity of certain convertible notes payable, as well as agreements with vendors to settle their liabilities in exchange for shares of DayStar’s common stock. DayStar CEO, Magnus Ryde, commented, “We are pleased to have eliminated another $3.6 million in debt from our balance sheet. We appreciate the continued support of our vendors and other stakeholders. We have nearly completed our balance sheet restructuring and other activities to enhance our ability to pursue strategic transactions.” Details of the agreements with vendors, note holders, and the securities purchase agreement are set forth in Current Reports on Form 8-K filed with the SEC. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding DayStar's business that are not historical facts may be considered "forward-looking statements," including statements concerning DayStar’s expectations regarding potential strategic transactions and its ability to enhance shareholder value. The forward-looking statements in this news release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause DayStar's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include DayStar’s ability to successfully complete a strategic transaction and other risks detailed in DayStar's annual report on Form 10-K for the year ended December 31, 2009 and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DayStar undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Lail Chief Financial Officer 408-884-0019 mailto: investor@daystartech.com /news.cfm/articleid/86393 DayStar Technologies Sun, 06 Feb 2011 00:00:00 EST DayStar Technologies Announces the Results of the 2010 Annual Meeting and Agreements to Extinguish Approximately $5 Million in Debt Strategic Partnership Discussions Continue Milpitas, CA, January 4, 2011 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced information today regarding its 2010 Annual Shareholder Meeting, agreements to eliminate additional debt from its balance sheet and an update on strategic partnership discussions. At the 2010 Annual Shareholder meeting held on December 30, 2010, the Company’s shareholders approved all four proposals recommended by the Board of Directors. The Company has also entered into a series of agreements which eliminate an additional $5 million in debt from its balance sheet. DayStar’s CEO, Magnus Ryde commented, “The key support of our shareholders and creditors has helped us to maintain a key component of our attractiveness to strategic partners. We have made significant progress in restructuring our balance sheet which should better position us as we continue our discussions with potential strategic partners. The partnerships we are pursuing, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a reverse merger with or an acquisition of DayStar.” The Company’s shareholders elected six directors to a one year term: Peter Lacey, Magnus Ryde, Jonathan Fitzgerald, Richard Green, William Steckel, and Kang Sun. The Company’s shareholders also approved the terms of certain convertible notes and warrants, including the issuance of shares upon conversion of such notes or exercise of such warrants. Additionally, the Company’s shareholders approved an amendment to the Company’s Amended and Restated 2006 Equity Incentive Plan to increase the number of shares available for issuance under the plan, and the ratification of Hein & Associates LLP as independent auditors of the Company. “We are greatly appreciative of our shareholders who participated in this Annual Shareholder meeting,” said Peter Lacey, Chairman of the Board of Directors. “Your participation is crucial to the successful implementation of our strategy to achieve the best opportunity for increased shareholder value.” DayStar also announced that it has entered into agreements with a number of its vendors pursuant to which the Company has extinguished an additional $5 million in debt in exchange for shares of DayStar's common stock. DayStar CEO, Magnus Ryde, commented, “We are pleased to have eliminated another $5 million in debt from our balance sheet. We appreciate the continued support of our vendors and other stakeholders. This past year has had its challenges, but we are pleased with our progress towards completing crucial activities to enhance our ability to pursue strategic transactions to manufacture our CIGS modules.” Details of the agreements with vendors and DayStar’s Annual Shareholder Meeting are set forth in Current Reports on Form 8-K filed with the SEC. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding DayStar's business that are not historical facts may be considered "forward-looking statements," including statements concerning DayStar’s expectations regarding potential strategic transactions and its ability to enhance shareholder value. The forward-looking statements in this news release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause DayStar's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include DayStar’s ability to successfully complete a strategic transaction and other risks detailed in DayStar's annual report on Form 10-K for the year ended December 31, 2009 and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DayStar undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Christopher T. Lail Vice President & Corporate Controller 408-884-0019 investor@daystartech.com /news.cfm/articleid/86386 DayStar Technologies Tue, 11 Jan 2011 00:00:00 EST DayStar Technologies Announces 2010 Third Quarter Financial Results Makes Significant Progress on Debt and Expense Reduction Initiative Continues Discussions With Potential Strategic Partners Milpitas, CA, November 15, 2010 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced financial results for its third quarter ended September 30, 2010. Net loss for the third quarter of 2010 was $7.4 million or $1.62 per share, compared with a net loss of $6.2 million or $1.66 per share in the third quarter of 2009. The net loss for the third quarter of 2010 included non-cash expenses of $6.3 million which increased the loss per share by $1.38 per share. The net loss for the third quarter excluding non-cash charges was $1.1 million or $0.24 per share, reflecting the significant cost savings measures implemented by the Company including a reduction in workforce and decrease in occupancy costs. The non-cash charges resulted from the restructuring of the Company’s balance sheet in an effort to extinguish certain liabilities while we pursue strategic partnerships to commercialize our product. The Company incurred $2.0 million in restructuring charges related to the impairment of certain equipment during the quarter. Additionally, during the third quarter the Company restructured all of its existing convertible notes which resulted in the extinguishment of the original notes on the balance sheet and the recording of new notes and corresponding conversion features. This resulted in a loss on extinguishment of debt of $4.9 million during the quarter, primarily due to the fair value of the conversion features on the restructured notes. The per share losses were calculated on the weighted average common shares outstanding of 4.6 and 3.7 million for the third quarter ended September 30, 2010 and 2009, respectively. DayStar CEO, Magnus Ryde, commented, "We are pleased with the progress we have made to significantly decrease debt and operating expenses. We were able to reduce our accounts payable and accrued expenses by $7.8 million during the quarter and we hope to complete our debt reduction program during the fourth quarter. In addition, we have significantly reduced our operating expenses. The debt and operating expense reductions should better position the Company as we continue our discussions with potential strategic partners to pursue opportunities to manufacture our CIGS modules offshore. As we stated on July 22, 2010, we are pursuing partnerships to implement this strategy. Those potential partnerships, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a reverse merger with or an acquisition of DayStar." The balance sheet as of September 30, 2010, and the statement of operations for the three months and nine months ended September 30, 2010, are attached as exhibits to this press release. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this news release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding our expected debt and cost reduction programs and prospective fundraising and potential strategic partnership efforts. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan, our ability to continue our debt and cost reduction programs, and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2009, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Patrick J. Forkin III Sr. VP Corporate Development & Strategy 408.907.4633 investor@daystartech.com Christopher T. Lail Vice President & Corporate Controller 408.884.0019 investor@daystartech.com /news.cfm/articleid/86383 DayStar Technologies Mon, 15 Nov 2010 00:00:00 EST DayStar Announces Agreements to Extinguish Approximately $1 Million of Outstanding Debts Milpitas, CA, October 22, 2010 – DayStar Technologies, Inc. (NASDAQ: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology announced today agreements to extinguish approximately $1 million in outstanding debts. Socius CG II, Ltd. (“Socius”) has entered into agreements with fourteen of DayStar’s vendors pursuant to which Socius purchased approximately $1 million of the aggregate amount of debt, and then settled the resulting amounts owed in exchange for free-trading shares of DayStar’s common stock. DayStar CEO, Magnus Ryde, commented, “We are pleased to have Socius as a new financial partner as we pursue opportunities to manufacture our CIGS modules offshore. As we stated on July 22, 2010, we are pursuing partnerships to implement this strategy. Those potential partnerships, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a reverse merger with or an acquisition of DayStar. It is clear to us that we need to continue to restructure our balance sheet and reduce debt to achieve the best opportunity for increased shareholder value. We are making very significant progress on this important initiative.” The debts extinguished in this transaction will initially be settled in exchange for approximately 325,000 free-trading shares of DayStar’s common stock, subject to final adjustment. The initial number of shares to be issued to Socius will be adjusted on the 21 st trading day following the date on which the initial shares were first issued based on a 25 percent discount to the volume weighted average price of DayStar’s common stock over the 20-day period. In no event will the aggregate number of shares of common stock issued to Socius exceed 9.99% of the total number of shares of the Company’s common stock outstanding. Details of the agreements with Socius and DayStar’s issuance of common stock to Socius are set forth in a Current Report on Form 8-K filed with the SEC today. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding DayStar's business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this news release, including statements regarding potential partnerships, are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause DayStar's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties are detailed in DayStar's annual report on Form 10-K for the year ended December 31, 2009, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DayStar undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Patrick J. Forkin III Sr. Vice President - Corporate Development & Strategy 408.582.7100 investor@daystartech.com /news.cfm/articleid/86382 DayStar Technologies Fri, 22 Oct 2010 00:00:00 EST DayStar Technologies Announces 2010 Second Quarter Financial Results Newark, CA, August 23, 2010 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced financial results for its second quarter ended June 30, 2010. Net loss for the second quarter of 2010 was $12.2 million or $2.97 per share, compared with a net loss of $6.7 million or $1.79 per share in the second quarter of 2009. The net loss for the second quarter of 2010 reflects non-cash restructuring charges of $7.8 million, including $3.5 million in impairment charges on leasehold improvements at the Company’s Newark, California facility upon termination of the lease, as well as $4.3 million in impairment charges recorded on certain equipment during the quarter. The loss for the second quarter of 2010 also includes share-based compensation of $1.5 million. Overall, cash expenses were reduced significantly during the second quarter of 2010 as compared with 2009 with the implementation of cost savings measures including a reduction in workforce in order to preserve cash while focusing our resources on the development of our core CIGS technology and fundraising efforts to secure strategic partners and commercialize our product. The per share losses were calculated on the weighted average common shares outstanding of 4.1 and 3.7 million for the second quarter ended June 30, 2010 and 2009, respectively. The average shares outstanding and loss per share for the quarter ended June 30, 2010 and 2009 reflect the 1-for-9 reverse stock split implemented on May 11, 2010. DayStar’s common stock began trading on the NASDAQ Capital Market on a split adjusted basis on May 12, 2010. The balance sheet as of June 30, 2010, and the statement of operations for the three months and six months ended June 30, 2010, is attached as exhibits to this press release. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding our business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this news release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Such forward–looking statements include statements regarding our cost savings measures and prospective fundraising efforts. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause our results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties include our ability to raise substantial additional capital in the short term, our ability to achieve favorable outcomes in pending litigation, our ability to continue our business as a going concern, our ability to execute our commercialization plan and such other risks and uncertainties detailed in our annual report on Form 10-K for the year ended December 31, 2009, our quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Patrick J. Forkin III Sr. VP Corporate Development 408/907.4633 investor@daystartech.com /news.cfm/articleid/86381 DayStar Technologies Mon, 23 Aug 2010 00:00:00 EST 7 DayStar is pursuing offshore manufacturing of its CIGS solar modules In discussions with several potential partners Newark, CA, July22, 2010 – DayStar Technologies, Inc. (NASDAQ: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology announced today it is pursuing a strategy for offshore manufacturing of its CIGS solar modules. DayStar CEO, Magnus Ryde, commented, “While DayStar has accomplished significant innovations with our CIGS process and technology, we have encountered challenges in obtaining affordable capital for the build-out and operation of our facility in Newark, California. At this time, we are pursuing opportunities to manufacture our CIGS modules offshore and have begun discussions with several potential partners to implement this strategy. We are encouraged by the high caliber of the potential partners we are in discussions with. They understand the commercial potential for our CIGS modules and they bring substantial manufacturing and financial capabilities to the table. Those potential partnerships, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a reverse merger with or an acquisition of DayStar. We are confident in our core proprietary CIGS technology and believe that completing a transaction with a strategic partner and manufacturing our CIGS modules offshore would provide the best opportunity to bring our product to market and to manufacture the product in the most cost effective manner.” Mr. Ryde added, “In addition to the potential partnership discussions mentioned above, we disclosed on May 3, 2010 that DayStar entered into an agreement with Dynamic Worldwide Solar Energy LLC ("Dynamic") to provide DayStar with a series of loan commitments and at least one fully funded 25MW solar energy project. Under the terms of that agreement, Dynamic has proposed to assign to DayStar its interest in a fully financed contract to fabricate, construct and install, and commence the operation of, a 25 MW solar energy generation plant. We are actively working with Dynamic on these projects. If consummated, these projects will add a new “downstream” dimension to DayStar and allow us to become a fully integrated solar energy company. DayStar's acceptance of the assignments is subject to applicable due diligence.” As disclosed in a Form 8-K filing last night with the SEC, DayStar was notified by its landlord, BMR-Gateway Boulevard LLC that the Company’s lease for the premises located at 7333-7373 Gateway Boulevard in Newark, California has been terminated. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding DayStar's business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this news release, including statements regarding potential partnerships, are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause DayStar's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties are detailed in DayStar's annual report on Form 10-K for the year ended December 31, 2009, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DayStar undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Patrick J. Forkin III Sr. Vice President - Corporate Development and Strategy Pforkin@daystartech.com /news.cfm/articleid/86380 DayStar Technologies Thu, 22 Jul 2010 00:00:00 EST Newark, CA, June 2, 2010 – DayStar Technologies, Inc. (NASDAQ: DSTID), a developer of solar photovoltaic products based on CIGS thin-film deposition technology announced today that on May 27, 2010 it received a letter from the NASDAQ Stock Market confirming that the Company has met the requirements of the NASDAQ Hearings Panel’s decision dated April 9, 2010, and accordingly the Panel has determined to continue the listing of the Company’s securities on The NASDAQ Stock Market. “We are very pleased that the Hearings Panel has granted our request to remain listed on the NASDAQ Stock Market,” said Magnus Ryde, Chief Executive Officer. “I strongly believe that our continued listing on the NASDAQ Stock Market enhances shareholder value. Again, we are very appreciative of our shareholders who participated in our annual meeting on April 23, 2010 and approved the reverse split. Your support has been crucial to positioning the Company to retain its NASDAQ listing.” Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding DayStar's business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this news release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause DayStar's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties are detailed in DayStar's annual report on Form 10-K for the year ended December 31, 2009, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DayStar undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Patrick J. Forkin III Sr. Vice President Corporate Development 408/907.4633 investor@daystartech.com A. Renée Sutton, Esq. General Counsel 408/907.4654 investor@daystartech.com /news.cfm/articleid/86378 DayStar Technologies Wed, 02 Jun 2010 00:00:00 EST Newark, CA, May 24, 2010 – DayStar Technologies, Inc. (Nasdaq: DSTID), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced financial results for its first quarter ended March 31, 2010. Net loss for the first quarter of 2010 was $6.1 million or $1.61 per share, compared with a net loss of $7.7 million or $2.06 per share in the first quarter of 2009. The lower net loss reflects the implementation of cost savings measures including a reduction in workforce in order to focus our resources on the development of our core CIGS technology while we continue fundraising efforts to complete our initial production line. The per share losses were calculated on the weighted average common shares outstanding of 3.8 and 3.7 million for the first quarter ended March 31, 2010 and 2009, respectively. The average shares outstanding and loss per share for the quarter ended March 31, 2010 and 2009 reflect the 1-for-9 reverse stock split implemented by DayStar on May 11, 2010. DayStar’s common stock began trading on the NASDAQ Capital Market on a split adjusted basis on May 12, 2010. The balance sheet, as of March 31, 2010, and the statement of operations for the three months ending March 31, 2010, are attached as exhibits to this press release. About DayStar Technologies, Inc. DayStar Technologies, Inc. is engaged in the development, manufacturing and marketing of solar photovoltaic products based upon CIGS thin film deposition technology. For more information, visit the DayStar website at www.daystartech.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this release regarding DayStar's business that are not historical facts may be considered "forward-looking statements." The forward-looking statements in this news release are based on information available at the time the statements are made and/or management's belief as of that time with respect to future events and involve substantial risks and uncertainties that could cause actual results and outcomes to be materially different. Forward-looking statements are based on management's current preliminary expectations and are subject to risks and uncertainties, which may cause DayStar's results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties are detailed in DayStar's annual report on Form 10-K for the year ended December 31, 2009, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. DayStar undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Contact: DayStar Technologies, Inc. Patrick J. Forkin III Sr. VP Corporate Development 408/907.4633 investor@daystartech.com Christopher T. Lail VP & Corporate Controller 408/907.4600 investor@daystartech.com /news.cfm/articleid/86376 DayStar Technologies Mon, 24 May 2010 00:00:00 EST