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DayStar CEO resigns and is replaced; workforce cuts of 30% announced

Major reshuffles at DayStar Technologies following the company’s excessive first-quarter losses have seen company CEO Stephan DeLuca (pictured) tender his resignation from the CEO role. Stepping in to take the reins is Robert G. Aldrich, company Chairman, who retains his current role as well as the CEO role.

The company also plans to implement a 30% workforce reduction, which will see the job cuts take place in the second quarter of this year. The news follows PV-Tech’s recent report that the company was nearing bankruptcy.

"We continue to face a challenging operating environment that requires us to make difficult decisions," said Dr. Aldrich. "We believe the workforce reduction announced today, coupled with our ongoing focus on expense control, will help us accomplish our objectives and conserve cash.”

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Photovoltaics International 16th Edition

This sixteenth edition of Photovoltaics International marks four years of production of the quarterly journal. As always, our focus is on efficiency and quality improvement and cost reduction in manufacturing. As 2012 rolls along, companies are falling by the wayside due to supply and demand issues, ASP declines and drastic governmental subsidy cuts. A clear picture of 2012 is offered through papers from the likes of TÜV Rheinland, Fraunhofer ISE, SEMI PV Group and EPIA, amongst others.
Photovoltaics International Lite, Volume 05 - 2011

This digital interactive Lite sees Tom Cheyney follow Agua Caliente’s progress on becoming one of first truly utility-scale PV power farms, where 40–50MW (AC) will be commissioned by the end of the year. We also feature one of the world’s largest silicon thin-film PV power plants, Avenal; a report on warnings of the collapse of module prices from Solarbuzz and PI-Berlin presents tips on PV module testing. A print version of this edition will be distributed at Solar Power International 2011 in Dallas, Texas.
Manufacturing The Solar Future: The 2012 Production Annual

Manufacturing the Solar Future 2012, the second in the Photovoltaics International PV Production Annual series, delivers the next installment of in-depth technical manufacturing information on PV production processes.

DayStar CEO resigns and is replaced; workforce cuts of 30% announced

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