DayStar’s one resignation and three new appointments mean more support for strategic partnership

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DayStar Technologies, Inc., a developer of solar photovoltaic products based on CIGS thin-film deposition technology, is undergoing organizational changes and three new appointments. Ratson Morad resigned as President and Chief Operating Officer effective July 10, 2009.  “We are grateful for Mr. Morad’s efforts since he joined DayStar in February 2008,” stated Dr. Aldrich, DayStar’s CEO. “We are in negotiations with potential strategic partners that will allow us to expand our manufacturing capability and commercialize our CIGS PV modules,” he continued. “The promotion of key members of our team and the re-assignment of related responsibilities is being executed now as part of our strategic partnership strategy.”

DayStar has appointed David Dailor to Senior Director of Operations from his old position of Senior Director of Fab Operations. “Dailor has done a great job managing the design and build out of our initial manufacturing facility,” said Dr. Aldrich and in his new position, Dailor will coordinate the manufacturing activities of DayStar with its strategic partners. Mr. Dailor has over 15 years of experience leading and managing large organizations including KLA Tencor Corporation, VLSI Technology and Texas Instruments.

Bill Steckel, the company’s Chief Financial Officer will now take on the Legal, Human Resources and Operations. Mr. Steckel has over 25 years’ experience in technology companies, including experience in roles as varied as Factory Manager and President and in manufacturing both in-house and by contract. Dr. Aldrich described him as having “the depth of experience to lead our operating team as we forge relationships with potential strategic partners.”

Patrick J. Forkin III, who joined DayStar as Vice President in 2008, is now acting as Vice President of Corporate Development and Strategy. Dr. Aldrich said Forkin “will continue to manage our strategic partnerships, government relations and the development of corporate strategies.” Mr. Forkin has worked for more that 20 years in senior level positions in the renewable energy equity research, corporate finance, mergers and acquisitions and strategic planning fields. Companies in his repertoire include Deloitte & Touche, Tejas Securities Group and J. Michael-Patrick, LLC.

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