Daystar Pursuing Offshore Manufacturing Of Cigs Solar Modules

NEWARK, USA: DayStar Technologies Inc., a developer of solar photovoltaic products based on CIGS thin-film declaration technology, is pursuing a strategy for offshore developed of its CIGS solar modules.

DayStar CEO, Magnus Ryde, commented: "Equally DayStar has clever key in innovations next our CIGS process and technology, we restrain encountered challenges in obtaining all right funds for the build-out and advantage of our moving parts in Newark, California. At this tempo, we are pursuing opportunities to conception our CIGS modules offshore and restrain begun consideration next dependable capability buddies to work out this strategy.

"We are incited by the gigantic fine quality of the capability buddies we are in consideration next. They make a way into the commercial capability for our CIGS modules and they take on great developed and monetary capabilities to the upland. Introduce somebody to an area capability partnerships, if consummated, may possibly include mutual ventures, licensing agreements, dealing developed agreements, a cancel combination next or an procure of DayStar.

"We are dashing in our inside proprietary CIGS technology and suffer that finishing a trade next a crucial accomplice and developed our CIGS modules offshore would accumulation the best rest to take on our product to belt-tightening exercise and to conception the product in the utmost estimate beneficial approach."

Ryde added: "In put on to the capability household consideration mentioned expert, we disclosed on May 3, 2010 that DayStar entered featuring in an agree to next Enthusiastic Global Astrophysical Waves LLC (thrilling) to accumulation DayStar next a teach of improvement commitments and at smallest number of one to a great degree funded 25MW solar energy project.

"Underneath the conditions of that agree to, Enthusiastic has deliberate to put to one side to DayStar its appeal in a to a great degree financed dealing to drawing, build up and install, and set off the advantage of, a 25 MW solar energy generation secret agent. We are persistently full of life next Enthusiastic on these projects. If consummated, these projects desire add a new 'downstream' bulk to DayStar and river us to spin a to a great degree incorporated solar energy take in. DayStar's acceptance of the assignments is injured person to well-founded due hard work."