Jim,
Posted to Tuna on another board to watch DSTI which has been badly beaten down and is showing improvement today, even though on low volume. Stock has a 6m float so can be a runner. While looking for news on DSTI, found this and while it's not current, think it might have meaning especially in light of election results:
SENATOR CLINTON VISITS DAYSTAR TECHNOLOGIES, PROMOTES SOLAR CELL TECHNOLOGY DEVELOPMENT IN CAPITAL REGION
Discusses Policy Proposals for Increasing Use of Renewable Energy Technologies
Halfmoon, NY – (PR Newswire) – July 31, 2006 – DayStar Technologies, Inc. (NASDAQ:DSTI), a developer and manufacturer of innovative Photovoltaic Foil™ products, proudly welcomed Senator Hillary Rodham Clinton for a visit to its facility in Halfmoon, New York on July 29, 2006.
The Senator met with executive staff and talked with numerous employees while viewing the operations of the factory. Following a brief presentation by Dr. John R. Tuttle, DayStar’s Chairman and CEO, Senator Clinton spoke to over one hundred fifty of DayStar’s employees, friends and family, gathered for an outdoor event as part of the Company’s Employee Appreciation Week. The Senator presented her policy proposals for increasing the use of renewable energies, and acknowledged DayStar’s vision in the development and manufacturing of their new and advanced solar cell technology.
The Senator stated following the visit, “Everywhere I go, I hear concerns about energy prices. On Monday, the Department of Energy announced that the average price for regular gasoline in New York State had hit a new record of $3.13 a gallon. At those prices, New Yorkers will pay nearly $9 billion more for gasoline this year than they did in 2001,” Senator Clinton said. “We need to transform the way that we produce and use energy—away from foreign sources of energy like oil, and towards domestic renewable energy like solar. What DayStar is doing here in New York is a perfect example of innovation that is good for the environment and the local economy. DayStar is creating cutting-edge solar technology, with a goal of mass-producing highly affordable solar energy. I am pleased to support companies like DayStar because I believe that if we put the right policies in place, and harness the power of American innovation, we can create clean energy technologies, create jobs, and export those technologies around the world.”
Senator Clinton has proposed legislation that would eliminate tax breaks for oil companies and assess a temporary fee on the profits of oil companies that do not choose to invest in renewable energy. Those resources would be put into a “strategic energy fund,” that would be dedicated to research, development and deployment of clean energy technologies. One purpose of the Strategic Energy Fund would be to create a five-year, $9 billion energy research effort to tap the brightest minds in government, academia, and the private sector to tackle our energy problems through a portfolio of competitive research projects. One of the explicit purposes of this new research entity would be to speed commercialization of low-carbon energy technologies like those being pioneered at DayStar. The Strategic Energy Fund would put long-term incentives in place to accelerate the adoption of clean energy technologies. Specifically, the fund would provide a 10-year extension for the electricity production tax credit that applies to wind, solar and other renewables. Senator Clinton has also called for legislation to create a national renewable portfolio standard that would require 20% of our electricity to be generated from renewable sources by 2020.
“We were honored and pleased that Senator Clinton asked to visit our facility, meet our staff, and view firsthand our Company’s leadership and progress towards commercializing our solar energy technologies,” said Dr. Tuttle. “It is clear that the Senator’s policies are aligned with Daystar’s mission of Gigawatt-scale manufacturing to achieve our vision of ‘Making Free Energy Affordable.’ We agree that the time is now to significantly increase investment in technologies such as ours that will help our nation regain its worldwide leadership in a sustainable energy future.”
About DayStar Technologies, Inc. (NASDAQ: DSTI)
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 the semiconductor and magnetic drive industries. 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 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.
FOR MEDIA RELATIONS INQUIRIES, PLEASE CONTACT
Erica Dart, DayStar Technologies
518-383-4600 or via email edart@daystartech.com
FOR INVESTOR RELATIONS INFORMATION, PLEASE CONTACT
Dodi Handy, Elite Financial Communications Group
407-585-1080 or via email dsti@efcg.net
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