SOURCE: DayStar Technologies

DayStar Technologies

September 24, 2009 15:34 ET

DayStar Technologies Engages Aspire Clean Tech Communications as Corporate Communications Firm

SAN DIEGO, CA--(Marketwire - September 24, 2009) - DayStar Technologies, Inc. (NASDAQ: DSTI) ("DayStar"), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, announced today that it has engaged Aspire Clean Tech Communications ("Aspire"), Inc. to provide it with corporate communications and advisory services.

DayStar recently announced that it has executed a letter of intent ("Letter of Intent") with EPOD Solar Inc. ("EPOD Solar"), regarding a proposed transaction or series of related transactions intended to result in the combination of the businesses of EPOD Solar and DayStar (the "Transaction").

As stated in DayStar's recent press release the key benefits to the Transaction include:

--  The combined company will utilize its collective financial and
    research and development resources to bring the CIGS technology to
    commercial production. This approach will allow parallel tracks to benefit
    from both technologies for the future growth of the fully integrated
    business model.
--  The combined company will result in a vertically integrated solar
    company with existing, low cost manufacturing capability and a technology
    roadmap.
--  The combined company's growth plan is driven by the development of
    solar parks, which will be owned and operated as independent power
    producers or sold to limited partnership with call option.
--  Immediate availability of EPOD Solar's low cost a-Si modules combined
    with the expansion of the technology portfolio to include DayStar's CIGS
    will result in long-term certainty for lower system installed costs to
    drive higher IRR for company-owned solar parks.
--  Establishes a long-term technology road map to higher module
    efficiency and lower cost-per-watt with technology-compatible R&D and
    production facilities.
    

Any questions concerning DayStar Technologies, EPOD Solar, and the Transaction should be directed to Todd Pitcher at 760-798-4938.

About Aspire Clean Tech Communications, Inc.

Based in San Diego, Aspire Clean Tech Communications is dedicated to providing strategic consulting and communications services to businesses operating in the alternative energy and clean tech industries. Our commentary and outlook on the public markets and the alternative energy can be found on a daily basis at www.smallcappulse.com. Aspire is the publisher of the Aspire Week in Review newsletter, an alternative energy and clean technology publication that is broadly distributed throughout the U.S. on a weekly basis. For more information about Aspire Clean Tech, go to http://www.aspirecleantech.com.

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 http://www.daystartech.com/.

Contact Information

  • Contact:

    Corporate Communications
    Aspire Clean Tech Communications, Inc.
    Todd M. Pitcher
    760-798-4938