Premier Global Announces the Successful Demonstration of 26 Hours of Low Cost,
Sunlight-Active, Energy Generation and Storage Material
DayStar's Board and Majority Shareholder Agree to Acquire a
Percentage of Premier Global
KELOWNA, BC -- (Marketwire) -- 03/27/13 -- Premier Global - DayStar
Technologies, Inc. (NASDAQ: DSTI)
Premier Global Holdings announced that it has demonstrated an active
energy material that is the first to combine solar energy generation
and power storage into one cell at the molecular level.
"This demonstration is the foundation of something revolutionary in
terms of form factor, system cost and renewable applicability for the
masses. This technology bundled with a unique Go2Market strategy has
the potential to eliminate the monthly electricity bill," states
Former Director of Strategic Ventures at Energizer and now of
President of Premier Global Holdings John Crawford.
Laboratory tests validated energy storage capacity exceeding 26
hours, zero degradation and a road map for significantly longer
storage times with additional optimization. It is believed that this
is the first time sunlight has been captured and simultaneously
stored in a highly efficient, low-cost format.
When asked how this demonstration would impact DayStar Technologies,
Mark Roseborough, CEO of DayStar, elaborated that " DayStar's Board
and majority shareholder have agreed to acquire 20% of Premier
Global, which is only subject to formal ratification at our next
shareholder meeting. Premier's technology enables the deployment of
units that can be integrated into homes, offices and industrial
sites, providing power during utility system outages and natural
disasters. As DayStar is transitioning its business focus towards
renewable system integration, alignment with a disruptive technology
such as this is critical. This has the potential to enable consumers
all over the globe the ability to install a sunlight-driven appliance
above ground, underground or in their attic. This is a revolutionary
"The electricity consumed on a global basis is estimated by various
sources to be a $4 trillion market year-on-year," says Dan
Giesbrecht, VP Marketing of DayStar. "A 1% market share equates to a
$40B year-on-year gross revenue opportunity. A sunlight-driven active
energy material such as this provides a fundamental change for the
business model of solar generation, storage and distribution.
Integrating this active energy material into an appliance, similar to
a typical hot water heater, allows solar energy to be arbitraged at
the location of generation and would dramatically reduce the demand
on any electrical grid. Owners of this type of unit could do a number
of things with their power, from automatically storing for later use,
to automatically selling electricity back to the grid during peak
hours, ultimately reducing or eliminating their monthly electricity
This technology was developed at the University of British Columbia
(UBC) and addresses the natural intermittency associated with sun and
cloud cover thereby making solar power available anytime day or
night. The home is only one application as the technology naturally
lends itself as a built-in solution for anyone who uses electricity
-- including those 1.6 billion without electricity in the remote
regions of China, India and Africa.
Safe Harbor: Statements contained in this news release which are not
historical facts may be forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by the fact that they do
not relate strictly to historical or current facts. They often
include words like "believe," "expect," "anticipate," "estimate" and
"intend" or future or conditional verbs such as "will," "would,"
"should," "could" or "may." We undertake no obligation to update any
For corporate information, contact
Mr. Dan Giesbrecht
VP Business Development
For Premier Global, contact
Mr. William Nalley
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