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Daystar Technologies, Inc. (DSTI) Completes Assembly Of Senior Management Team

|Includes: DayStar Technologies, Inc. (DSTI)

Daystar Technologies is a developer of solar photovoltaic products based upon GIGS thin film deposition technology and is currently implementing a strategy of using key partnerships to enter new markets in the renewable energy marketplace.

The company announced today that it has substantially completed assembling its new senior management team who will join Chairman of the Board and interim CEO, Peter Lacey. The new team members are: Dale Hoover, vice-president and chief financial officer; Xinneng (David) Li, executive vice-president; Joseph Hunsberger, vice-president of operations; and Dan Giesbrecht, vice-president of business development and marketing.

Mr, Hoover was formerly with Tutor Perini Corporation, a publicly traded general contractor, from 2006 to 2012. He provided executive financial leadership for the firm thanks to his expertise in financial reporting and GAAP, treasury and cash management, budgeting and forecasting, job profit status, and reducing costs. Mr. Hoover is also proficient in taxes, contracts, financing deals, due diligence, risk management, IT services, and staff recruitment/training.

Mr. Li was formerly with Selwyn Chihong Mining Limited where he provided executive financial expertise and fundraising for one of the world's largest zinc and lead projects in northern Canada. His past experience also includes 2 years with Trina Solar where he led the strategic planning and strategic financial development. Mr, Li also worked with Cargill and assisted one of the world's biggest firms in strategic business development, joint venture setup, and government relations management.

Mr. Hunsberger was formerly with The Home Depot for 17 years as the director of services and divisional manager. He has an exceptional record of success and performance across comprehensive business development and managerial functions. While at Home Depot, Mr. Hunsberger was the sole architect in the creation, development, training, and implementation of the 'Installation and Home Services Division of The Home Depot', building from zero to $3.5 billion in sales.

Mr. Giesbrecht was formerly with Sunlogics, Inc. as the director of business development. He has extensive experience in solar energy specializing in construction management and acquisition of renewable energy projects. Mr. Giesbrecht also served as the North American sales manager for Sunlogics where his primary role was to see that the solar canopy division worked properly in implementation of the General Motors dealership program.

For additional information about Daystar Technologies, please visit the company's website at www.daystartech.com

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