Daystar Technologies (Daystar Technologies) Net Policyholder Benefits/Claims

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Daystar Technologies (Daystar Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Daystar Technologies Inc (OTCPK:DSTI) » Definitions » Net Policyholder Benefits/Claims

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http://www.daystartech.com

DayStar Technologies, Inc., a Delaware corporation, was incorporated in February 1997. It completed its initial public offering in February 2004. It is a development stage enterprise, which develops, manufactures and markets products for the solar photovoltaic (PV) industry. The Company has developed a proprietary thin film deposition technology for solar photovoltaic (PV) products. It utilizes a proprietary one-step sputter deposition process and has manufactured a commercial scale deposition tool to apply high-efficiency copper indium gallium diselenide (CIGS) material over large area glass substrates in a continuous fashion. The Company intends to integrate this tool with commercially available thin film manufacturing equipment, which will provide it with a critically differentiated manufacturing process to produce low-cost monolithically integrated, CIGS-on-glass modules that address the grid-tied, ground-based PV market. It has initiated construction of its initial module production line. To facilitate its entry into the addressable solar PV market, it has entered into a contract with Blitzstrom GmbH, one of thin film solar PV integrators, that commits Blitzstrom to purchase a minimum of 50% of its production through 2011, subject to these products meeting defined performance criteria. The solar electricity industry currently supplies modules used in solar PV systems primarily for grid-connected systems.

Executives

William Steckel	director	2972 STENDER WAY, SANTA CLARA CA 95054
Richard C Green	director	4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211
Kevin S Flannery	director
Richard Nevins	director	20580 PALMER AVENUE, SONOMA CA 95476
Scott M Schecter	director
Lampe, Conway & Co. Llc	10 percent owner	680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital International Llc	10 percent owner	C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital Advisors Llc	10 percent owner	C/O LAMPE, CONWAY & CO., LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Richard F Conway	10 percent owner	C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Steven Lampe	10 percent owner	C/O LAMPE, CONWAY & CO. LLC, 680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Lc Capital Master Fund Ltd	10 percent owner	C/O TRIDENT FUND SERVICES (BVI) LIMITED, PO BOX 146, WATERFRONT DR, WICKHAMS CAY, ROAD TOWN, TORTOLA D8 00000
Lc Capital Partners Lp	10 percent owner	680 FIFTH AVENUE, SUITE 1202, NEW YORK NY 10019
Quercus Trust	other: Former 10% Owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Steven Aragon	officer: Vice-President Engineering	355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722
David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660