News

DayStar Technologies Announces New Board Member

Halfmoon, NY – (PR Newswire) – March 30, 2007 – DayStar Technologies, Inc. (NASDAQ: DSTI), a developer and manufacturer of innovative CIGS Photovoltaic Foil™ products, today announced that Kevin Flannery has joined the Company’s board of directors, increasing its number to eight.

Mr. Flannery is President and CEO of Whelan Financial Corporation, a company he founded in 1993.  Prior to this he served as the head of equity markets at Bear, Stearns & Co. and at White Weld and Co.  He began his career in arbitrage at Goldman, Sachs & Co.  Mr. Flannery is currently a Director of Atkins Nutritionals, Norwood Promotional Products, Seitel, Inc. and Texas Petrochemicals.  He was also Chairman and CEO of RoweCom, Inc., as well as Telespectrum Worldwide, Inc.

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, 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.