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DayStar Technologies terminates letter of intent with EPOD Solar; shuffles management and board

The board of directors for DayStar Technologies has accepted the notice to terminate a letter of intent in regards to the proposed transaction with EPOD Solar, citing its decision as in the best interest for all of DayStar’s shareholders. The company will still search for other financing options and will also continue with the $125 million loan guarantee application with the U.S. Department of Energy, filed September 14.

In management news, Daystar’s board has chosen Peter Alan Lacey as chairman, while former chairman, Dr. Robert Aldrich, will retire immediately. Lacey, also president and CEO of Cervus LP, previously entered into a purchase and security agreement with DayStar to provide a bridge loan of $2 million.

Finally, Michael Matvieshen’s resignation from CEO of DayStar has been accepted by the board and they have appointed William Steckel (pictured), the current CFO, to the president and CEO positions.

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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 Technologies terminates letter of intent with EPOD Solar; shuffles management and board

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