Energy firm to receive $1 million from 2007 Defense bill

Oct. 4, 2006 — DayStar Technologies Inc., a Halfmoon, N.Y., developer and manufacturer of CIGS Photovoltaic Foil products, announced it was named a recipient of a $1 million development award in the fiscal year 2007 Department of Defense Appropriations Act for the Advanced Photovoltaic Module Development for Lighter Than Air Vehicles. The award was part of the United States Air Force Research, Development, Test & Evaluation, Advanced Spacecraft Technology Program.

The company said the funds will enable its continued development and integration activities addressing high specific power and form factor flexibility applications for the company’s LightFoil line of CIGS solar cells.

“Development under this funding will further expand our markets in commercial, national defense and homeland security applications and will also benefit the development of new TerraFoil products,” said Terry Schuyler, vice president of sales and marketing at DayStar Technologies, in a prepared statement.

DayStar Technologies Inc. develops low cost, high efficiency Photovoltaic Foil that converts sunlight into energy. The company manufactures CIGS solar cells, which are deposited on flexible metal foils using production processes adapted from computer component manufacturing. As an alternative to wafer-silicon solar cells, DayStar believes the unique combination of its CIGS solar cell design coupled with proprietary manufacturing processes on flexible metal substrates could substantially lower costs and remove deployment barriers currently limiting large adoption of solar energy.

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