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DayStar Technologies Announces Organizational Changes to Support Strategic Partnership Strategy

Santa Clara, CA, July 14, 2009 – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced several organizational changes.  “We are in negotiations with potential strategic partners that will allow us to expand our manufacturing capability and commercialize our CIGS PV modules,” said Dr. Robert Aldrich, Chief Executive Officer.   “The promotion of key members of our team and the re-assignment of related responsibilities is being executed now as part of our strategic partnership strategy.”  

Ratson Morad resigned from his role as President and Chief Operating Officer effective July 10, 2009.  "We are grateful for Mr. Morad’s efforts since he joined DayStar in February 2008,” stated Dr. Aldrich. "We wish Mr. Morad the very best in his future endeavors."

In order to more effectively align with and support DayStar’s strategic partnership strategy, the company announced the appointment of David Dailor as the company’s Senior Director of Operations. Since joining DayStar as Senior Director of Fab Operations in 2008, Mr. Dailor has managed the company’s Newark, CA factory layout, infrastructure build out and initial installation of manufacturing tools. In his new role, Mr. Dailor will also be responsible for coordinating DayStar’s manufacturing operations with the manufacturing resources of potential strategic partners. “Dave Dailor has done a great job managing the design and build out of our initial manufacturing facility,” said Dr. Aldrich.  “He is well qualified to integrate our manufacturing operations with our potential strategic partners,” added Dr. Aldrich. Mr. Dailor has over 15 years of experience leading high-tech manufacturing operations to increase output, reduce cycle time and increase yields.  He has managed large organizations operating on a 24x7 basis.  Prior to joining DayStar, Mr. Dailor has held various positions at companies including KLA Tencor Corporation, VLSI Technology and Texas Instruments.

 In his new role, Mr. Dailor will report to Bill Steckel, the company’s Chief Financial Officer. Mr. Steckel will continue to lead the company’s financial functions and will add Legal, Human Resources and Operations responsibilities. Mr. Steckel has over 25 years experience in technology companies, including experience as the Factory Manager of an optoelectronic factory startup and as the President of a global manufacturer of power supplies generating $450 million of annual revenues. “Bill has the depth of experience to lead our operating team as we forge relationships with potential strategic partners,” commented Dr. Aldrich. “He has managed global operations and is experienced with both in house and contract manufacturing, which will suit DayStar well as the company moves forward”.

Patrick J. Forkin III has been appointed Sr. Vice President of Corporate Development and Strategy.  Mr. Forkin joined DayStar as Vice President – Corporate Development in September 2008.  “I am delighted to recognize Patrick Forkin’s significant contributions in the development of our potential strategic partnerships,” stated Dr. Aldrich.  “He will continue to manage our strategic partnerships, government relations and the development of corporate strategies,” added Dr. Aldrich.  Mr. Forkin has over 20 years of senior level experience in renewable energy equity research, corporate finance, mergers and acquisitions and strategic planning.  Mr. Forkin is a certified public accountant.  Prior to joining DayStar, Mr. Forkin has held various positions at companies including Deloitte & Touche, Tejas Securities Group and J. Michael-Patrick, LLC.