Dr. John Tuttle, Chairman and CEO of DayStar Technologies Inc (DSTI) released a very extensive operational update detailing fundamental progress that has been made by DayStar over the past several months.
“Since my last communication of this nature, we have made great progress towards establishing our first product-based revenue opportunities and have announced two new exciting customer relationships. Specifically, on June 9, 2005, we reported signing a purchase agreement with Blitzstrom, GmbH, a PV system integrator of Megawatt-scale PV power plants and a distributor of photovoltaic systems and components in Germany and the EU. This agreement, which could yield over $60 million in revenues to DayStar through 2008, calls for delivery of up to 30 Megawatts of our proprietary TerraFoil(TM). On July 11, 2005, we also announced the signing of a purchase agreement with China-based Micro Energy Group providing for delivery of up to 500 kilowatts of our proprietary TerraFoil-sp(TM) solar cells. [ more ]
Dr. Tuttle is painting a good picture of growth and prosperity for DSTI. The stock market is also liking what he is saying as well with the stock currently trading up over 6%. This company has been on my watch list for sometime. It has a nice stairstep chart pattern and it looks like its ready to make another up move.