UAlbany College of Nanoscale Science and Engineering Awarded $750,000 Grant by State of New York to Work With DayStar Technologies Albany NanoTech and DayStar to Team on Research and Development

of Optimized Substrate Templates for CIGS Solar Cell Applications



    HALFMOON, N.Y., March 23 /PRNewswire-FirstCall/ -- DayStar Technologies
 (Nasdaq:   DSTI) today received confirmation that the State of New York has
 awarded the University at Albany College of Nanoscale Science and Engineering
 (CNSE) at the Albany NanoTech research complex a $750,000 Technology Transfer
 Incentive Program Grant to work with DayStar in the development of optimized
 substrate templates for CIGS solar cell applications.
     The award was made possible through the New York State Office of Science,
 Technology and Academic Research (NYSTAR)'s Technology Transfer Incentive
 Program (TTIP).  Awards made through TTIP are designed to promote, encourage
 and facilitate economic development in New York through university-based or
 corporate-sponsored research, which assists companies within the State to
 commercialize high technology products and bring them to the marketplace. In a
 news announcement released this week by New York Governor George E. Pataki, he
 stated, "Today's economy is driven by new technologies, and therefore it is
 essential that New York remains at the forefront of high-tech innovation and
 development."
     Dr. John Tuttle, Chairman and Chief Executive Officer of DayStar, noted,
 "We are pleased to have won this generous grant from the State of New York and
 look forward to working with some of the world's foremost scientists at Albany
 Nanotech in addressing timeline acceleration issues that will assist DayStar
 in manifesting a leadership position in the solar industry.  We view this
 grant as yet another validation of the Governor's commitment to driving
 renewable energy technologies into the mainstream."
     The terms of the TTIP grant provide for NYSTAR to match 1:1 financial
 contributions from both DayStar and CNSE.  The research will be conducted at
 CNSE's Energy and Environmental Technology Applications Center (E(2)TAC),
 which is dedicated to leveraging CNSE's research, resources and infrastructure
 to support advances in energy and environmental applications.  Over a two year
 period, both DayStar and Albany NanoTech will each contribute $375,000 and
 NYSTAR will contribute $750,000.
     "This grant represents further recognition of DayStar's unique technology
 value proposition and will assist us in optimizing our commercial scale
 production of CIGS solar cells on or ahead of schedule," concluded Tuttle.
     "Working with leading industry partners to demonstrate and deploy
 innovative breakthroughs that have significant technological and commercial
 potential is at the heart of our mission, as envisioned by state leaders
 Governor George Pataki, Assembly Speaker Sheldon Silver and Majority Leader
 Joseph Bruno," said Alain E. Kaloyeros, Ph.D., President of Albany NanoTech
 and Vice President and Chief Administrative Officer of the UAlbany College of
 Nanoscale Science and Engineering.  "The TTIP grant will enable a critical
 expansion in our relationship with Daystar Technologies, one of the world's
 emerging leaders in the development of commercially viable solar cell
 systems."
 
     About DayStar Technologies, Inc.
     DayStar Technologies, Inc. is an emerging leader in manufacturing low
 cost, high efficiency Photovoltaic Foil(TM) that converts sunlight into
 energy. The Company's patented and proprietary products utilize silicon-free
 CIGS solar cells, which are deposited on specialty metal foils using
 production processes adapted from commodity computer component manufacturing.
 DayStar believes the unique combination of its CIGS solar cell design coupled
 with inexpensive manufacturing processes can lead to solar electricity at
 commercially viable rates. For more information on the Company, please visit
 www.daystartech.com.
 
     About CNSE
     The College of Nanoscale Science and Engineering at the University at
 Albany -- SUNY is the first college in the world devoted exclusively to the
 development and deployment of innovative nanoscience concepts.  Located within
 the Albany NanoTech complex, a 450,000 square foot complex, including the only
 200mm/300mm wafer facilities in the academic world, encompasses
 nanoelectronics, system-on-a-chip technologies, biochips, optoelectronics and
 photonics devices, closed-loop sensors for monitoring, detection, and
 protection, and ultra-high-speed communication components.   With over 65,000
 square fee of Class 1 capable 300 mm wafer cleanrooms, as well as on-site
 faculty and student researchers, Albany NanoTech provides corporate partners
 with a unique environment to pioneer, develop, and test new nanoscience and
 nanoengineering innovations within a technically aggressive and financially
 competitive R&D environment.
 
     SAFE HARBOR STATEMENT: This news release contains "forward-looking
 statements" that are made pursuant to the safe harbor provisions of the
 Private Securities Litigation Reform Act of 1995. "Forward-looking statements"
 describe future expectations, plans, results, or strategies and are generally
 preceded by words such as "future, " "plan" or "planned, " "will" or "should,"
 "expected," "anticipates," "draft," "eventually" or "projected." You are
 cautioned that such statements are subject to a multitude of risks and
 uncertainties that could cause future circumstances, events, or results to
 differ materially from those projected in the forward-looking statements,
 including risks that our products may not achieve customer acceptance or that
 they will not perform as expected, and other risks identified in our annual
 report on Form 10-K and other filings with the SEC. You should consider these
 factors in evaluating the forward-looking statements included herein, and not
 place undue reliance on such statements. The forward-looking statements are
 made as of the date hereof and DayStar Technologies Inc. undertakes no
 obligation to update such statements.
 
                     FOR MORE INFORMATION, PLEASE CONTACT:
 
            Stephanie Noiseux, Elite Financial Communications Group
                  407-585-1080 or via email at steph@efcg.net
 
 

SOURCE DayStar Technologies, Inc.

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