Type Public Website www.daystartech.com Founded 1998 | Traded as OTC Pink: DSTI Headquarters Kelowna, Canada Number of employees 109 (2009) | |
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Key people revenue = $1 million USD (2007) Net income -$6.5 million USD (2007) Stock price DSTI (OTCMKTS) US$ 0.00 0.00 (0.00%)3 Mar, 4:00 PM GMT-5 - Disclaimer | ||
Technical analysis daystar technologies nasdaq dsti falls on heavy volume watch for rebound
DayStar Technologies, Inc. is a publicly traded solar energy company located in Santa Clara, California. Its primary product is a thin film photovoltaic material on a glass or plastic substrate. These thin film solar modules are manufactured using copper indium gallium (di)selenide (CIGS), which has shown a 19.5% NREL efficiency in real world conditions, slightly above CdTe and significantly above amorphous silicon. As part of their initiative to become a more integrated global renewable energy company, Daystar undertook to purchase Eco Energy Solutions Australia Pty Ltd on June 4, 2012 with a binding letter of intent. Daystar failed to consummate the transaction by tendering cash and shares as per this agreement. As a result, the Managing Director of Eco Energy Solutions and Daystar Technologies board member were forced to place Eco Energy Solutions into liquidation. This resulted in the lodgement of a lawsuit in the United States to recover losses from Daystar Technologies International.