Solar Company Seeks Initial Public Offering

February 9, 2004 [] According to an article that appeared last week in the Sacramento Bee, DayStar Technologies Inc. expects to begin trading its stock in a unit offering that includes one share of common stock, plus Class A and B warrants. The company is a renewable energy / photovoltaic (PV) technology development and commercialization business. They hold patents and proprietary know-how for high-efficiency, low-cost solar products that include flexible or rigid PV modules and systems, building integrated components, and ultra-lightweight space PV cells. The DayStar offering should bring in from $8.9M to $13.1M, which the company says will be used for research and development, personnel expenses, capital equipment, and working capital.

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