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DayStar Technologies Announces Management Change and Workforce Reduction

DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced that at the request of the Board of Directors, Stephan J. DeLuca resigned from his roles as Chief Executive Officer and director of DayStar effective May 12, 2009. DayStar also announced the appointment of Robert G. Aldrich, Chairman of the Board of Directors of DayStar, to the additional position of Chief Executive Officer of the Company, effective May 12, 2009. DayStar also announced plans to implement a reduction of approximately 30 percent of its workforce. The reduction is expected to be completed in the second quarter. ... [More]

Q1 2009 Financial Results Conference Call to be scheduled