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DayStar Technologies,
Inc.
DSTI confirms today that it is negotiating the
potential sale of its CIGS solar technology, equipment and patent
library with PacWest (PWEI). The deal is subject to completion of Due
Diligence, which has been on-going since December 2012, and the
DayStar Board approval of this transaction.
DayStar's President Lorne Roseborough stated, "This proposed deal
with PacWest would be a no lose transaction for DayStar. This
strategy fits well with the Company's go forward plan as disclosed in
our PRE 14A."
This deal would only be for DayStar's CIGS technology assets,
including its proprietary differentiated manufacturing process to
produce low-cost monolithically integrated, silicon-free CIGS-on-glass modules that do address the grid-tied, ground-based
Solar (PV) market as well as Building Integrated Photovoltaic (BIPV).
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Posted In: NewsAsset Sales
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