DayStar Technologies, Inc. today announced that shareholders, at its Annual Meeting of Shareholders held yesterday in Albany, New York, approved all items presented for vote as detailed in the Company's proxy statement filed with the U.S. Securities and Exchange Commission.
HALFMOON, N.Y., June 22 /PRNewswire-FirstCall/ -- DayStar Technologies, Inc. (Nasdaq: DSTI - News), a developer and manufacturer of proprietary high performance photovoltaic products including silicon-free solar cells on specialty metal foils, today announced that shareholders, at its Annual Meeting of Shareholders held yesterday in Albany, New York, approved all items presented for vote as detailed in the Company's proxy statement filed with the U.S. Securities and Exchange Commission.
In a presentation to attending shareholders and guests, Dr. John Tuttle, Chairman and Chief Executive Officer of DayStar, reflected on the Company's progress since completing its Initial Public Offering in February 2004, and provided further insight into management's future growth objectives as detailed in the past to shareholders and investors.
"We are very proud of the series of accomplishments that DayStar has achieved over the past 16 months and believe that we have set the stage for some very exciting growth over both the short and long term," stated Tuttle. "Buoyed by the cash infusion from the exercise of our Class A public warrants, and highlighted by recent proto-type modules produced by Blitzstrom using our engineering sample cells, DayStar is well positioned to meet our objectives, which include acquiring new customers, progressing our production ramp-up and capitalizing on prevailing market trends that are influencing significant growth opportunities for our Company," concluded Tuttle.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency Photovoltaic Foil(TM) that converts sunlight into energy. DayStar's patented and proprietary products include silicon-free CIGS solar cells, which are deposited on flexible metal foils using production processes adapted from commodity computer component manufacturing. DayStar believes the unique combination of its CIGS solar cell design coupled with proprietary manufacturing processes on flexible metal substrates can lead to solar electricity at commercially viable rates. For more information on DayStar, please visit 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.
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