News

DayStar Technologies Announces Results Of Special Meeting of Shareholders

Halfmoon, NY – November 13, 2006 – DayStar Technologies, Inc. (NASDAQ: DSTI), a developer and manufacturer of innovative CIGS Photovoltaic Foil™ products, today announced that at the continuation of a special meeting of shareholders convened and adjourned on November 9, 2006, shareholders approved the issuance and sale of DayStar’s common stock to an institutional investor in accordance with the terms of a convertible promissory note (the “Note”) issued to the investor on May 25, 2006.   Once a quorum was established, the proposition was approved by a majority of holders of the Company’s common stock represented either in person or by proxy.

Specifically, shareholders authorized the issuance and sale of  (1) up to 1,968,217 shares of the Company’s Common Stock (“Shares”) issuable as payment of principal and penalties (if any) on the Note; (2) up to 74,815 Shares issuable as payment of interest on the Note (assuming all interest is paid in Shares except for the first payment of $114,041 which was paid in cash), (3) 782,609 Shares issuable upon exercise of the Class A Warrant and, (4) if the Company requires the Investor to convert the Note in certain circumstances, as described in detailed filings with the SEC, 550,725 Shares issuable upon exercise of the Class B Warrant.

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.

FOR MEDIA RELATIONS INQUIRIES, PLEASE CONTACT
Erica Dart, DayStar Technologies
518-383-4600 ext. 419 or via email edart@daystartech.com

FOR INVESTOR RELATIONS INFORMATION, PLEASE CONTACT
Daniel Conway, Chief Strategist, Elite Financial Communications Group
407-585-1080 or via email dsti@efcg.net