DayStar Technologies (DSTI) is just trying to stay alive and still in desperation mode it would appear. The company announced it has entered into Purchase Agreements with investors who have loaned the company cash to fund ongoing research and operations. In exchange for the loans, the company issued each investor a secured convertible promissory note and a warrant to purchase shares of the common stock at an exercise price of 1.25/share. The notes are convertible … Read the rest
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Daystar Technologies (DSTI) Looking At Offshore Solar Module Production
DayStar Technologies (DSTI) announced this morning it’s having trouble accessing capital to build and operate a facility in Newark, California so looking to manufacture its thin film CIGS solar modules offshore and have begun discussions with several potential partners. The company is not ruling out an acquisition of Daystar.
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DayStar CEO, Magnus Ryde, commented, “We are encouraged by the high caliber of the potential partners … Read the rest
Veeco (VECO) Purchases Daystar (DSTI) Assets To Enter CIGS Solar Market
It was announced today that Veeco (VECO) will attempt its own push into the copper, indium, gallium, selenium (CIGS) thin film solar market by purchasing equipment and leased facilities from Daystar Technologies (DSTI) as well as hire its R&D department. Daystar is selling the New York operations to reduce expenses and focus on its CIGS on glass core operations until there is a stronger market for flexible thin film applications.
Senior VP of Veeco, David … Read the rest
Daystar Technologies (DSTI) Reports Loss and Misses
Daystar (DSTI) reported another whopper of a loss after the bell today and missed analyst estimates by 2 cents when it reported a loss of 7.3 million for the quarter, an increase of about 15% over the year ago quarter. DSTI is a company far from profitable and not expected to get there anytime soon.
The CEO tried to put a positive spin on it.
“I am pleased that we have met all of the … Read the rest