DayStar Technologies, Inc. (DSTI) Announces the Successful Closing of a 20%
Equity Position in Premier Global
KELOWNA, BC -- (Marketwired) -- 05/24/13 -- DayStar Technologies,
Inc. (PINKSHEETS: DSTI) announces that they successfully closed on a
twenty percent (20%) equity position in Premier Global Holdings Corp.
Premier Global Holdings Corporation holds rights to a patent-pending,
multi-generation technology roadmap that is specifically designed to
seamlessly bridge the gap between old world, capital-intensive
electric utility infrastructure and cost-effective renewable energy.
Premier's strategically developed a energy generation and storage
portfolio that is a true market economy product; neither the roadmap
nor associated technology are dependent on government subsidies or
tax credits to create product demand and it has been vetted by two of
North America's leading technical universities. The first step on the
product roadmap is to redefine aesthetic expectations relative to
conventional solar and to seamlessly integrate this with a radically
different, lowest-cost energy storage platform. Premier's
foundational intent is to orchestrate a product cost step change
thereby enabling accelerated renewables integration into the
electrical utility operating portfolio.
The sale of the product will be driven by the economic benefits to
the product users. For example, an owner will be capable of creating
value added power management 24/7/365 as opposed to only when the sun
shines or the wind blows. Utilities have the opportunity to reduce
capital equipment investment and to integrate renewable energy
without paying higher than ordinary rates for power. It is
anticipated that renewable integration can be systematically
structured to be a profit center for ALL customers; home or business
owner including local electric utility, without the support of
taxpayer subsidy programs.
Mark Roseborough, CEO of DayStar, states, "We are extremely excited
to have completed the acquisition of our position in Premier Global.
Their technology roadmap provides a fundamental economic shift to the
business model of solar generation, storage and distribution. The
ability to cost-effectively store solar energy, in and by itself, has
the potential to be worth billions of dollars in new revenues for the
industry as a whole."
About DayStar Technologies, Inc.
DayStar Technologies, Inc. (DSTI) is a developer of solar
photovoltaic products and has assembled a team of project engineers
and other industry professionals to facilitate the development of
renewable energy projects throughout the world. DayStar is currently
embarking on a strategy of strategic partnerships to enter new
markets within the global renewal energy industry including ownership
and construction of solar and renewable power plants.
For more information, visit the DayStar website at
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