SOURCE: DayStar Technologies, Inc.

DayStar Technologies, Inc.

May 24, 2013 09:15 ET

DayStar Technologies, Inc. (DSTI) Announces the Successful Closing of a 20% Equity Position in Premier Global

KELOWNA, BC--(Marketwired - May 24, 2013) -  DayStar Technologies, Inc. (PINKSHEETS: DSTI) announces that they successfully closed on a twenty percent (20%) equity position in Premier Global Holdings Corp.

Premier Global Holdings Corporation holds rights to a patent-pending, multi-generation technology roadmap that is specifically designed to seamlessly bridge the gap between old world, capital-intensive electric utility infrastructure and cost-effective renewable energy. Premier's strategically developed a energy generation and storage portfolio that is a true market economy product; neither the roadmap nor associated technology are dependent on government subsidies or tax credits to create product demand and it has been vetted by two of North America's leading technical universities. The first step on the product roadmap is to redefine aesthetic expectations relative to conventional solar and to seamlessly integrate this with a radically different, lowest-cost energy storage platform. Premier's foundational intent is to orchestrate a product cost step change thereby enabling accelerated renewables integration into the electrical utility operating portfolio.

The sale of the product will be driven by the economic benefits to the product users. For example, an owner will be capable of creating value added power management 24/7/365 as opposed to only when the sun shines or the wind blows. Utilities have the opportunity to reduce capital equipment investment and to integrate renewable energy without paying higher than ordinary rates for power. It is anticipated that renewable integration can be systematically structured to be a profit center for ALL customers; home or business owner including local electric utility, without the support of taxpayer subsidy programs.

Mark Roseborough, CEO of DayStar, states, "We are extremely excited to have completed the acquisition of our position in Premier Global. Their technology roadmap provides a fundamental economic shift to the business model of solar generation, storage and distribution. The ability to cost-effectively store solar energy, in and by itself, has the potential to be worth billions of dollars in new revenues for the industry as a whole."

About DayStar Technologies, Inc.

DayStar Technologies, Inc. (DSTI) is a developer of solar photovoltaic products and has assembled a team of project engineers and other industry professionals to facilitate the development of renewable energy projects throughout the world. DayStar is currently embarking on a strategy of strategic partnerships to enter new markets within the global renewal energy industry including ownership and construction of solar and renewable power plants.

For more information, visit the DayStar website at

For corporate information, contact Mr. Dan Giesbrecht, VP Business Development,, 778-484-5159.

For Investor Relations, contact Mr. William Nalley, Orsay Groupe,, phone 305-515-8077.

Safe Harbor: Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." We undertake no obligation to update any forward-looking statements.

Contact Information

  • Contact:
    William Neally