By .(JavaScript must be enabled to view this email address) - 19 March 2012, 15:24
In News, Thin Film, CIGS, Finance

Sunlogics Power is DayStar’s new senior creditor

Bankrupt DayStar Technologies is now wholly owned by the Salamon Group. Image: DayStar Technologies

Financials

Sunlogics Power, a subsidiary of the Salamon Group, is now the senior creditor of the collapsed DayStar Technologies, a company developing thin-film CIGS deposition technology. Sunlogics is DayStar’s business development and strategic opportunities consultant and will continue to advise in this function.

Michael Matvieshen, CEO for the Salamon Group, commented on this new development: "We are very excited by DayStar's technology which is a good fit for highly efficient solar module manufacturing. Our management is pleased to be working with DayStar to co-develop business opportunities. This initial investment positions us as a significant DayStar shareholder upon conversion. DayStar is listed on NASDAQ under symbol DSTI and this will facilitate future business opportunities for the companies and fits well into our overall plan."

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Sunlogics Power is DayStar’s new senior creditor

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