Daystar Technologies, Inc. Completes First Solar Park Acquisition In Hawaii From Avatar Solar
KELOWNA, British Columbia, Feb. 15, 2013 (GLOBE NEWSWIRE) -- DayStar Technologies, Inc. (Nasdaq:DSTI) announces completion of its first acquisition from Avatar Solar of a Hawaiian solar park. The Company's agreement with Avatar is to acquire all its operational solar parks throughout the State of Hawaii. DayStar paid cash and common shares issued at $2.00 for this solar park.
Lorne Roseborough, DayStar's President, stated, "This is the first completed transaction in DayStar's strategy to acquire fully operational projects. We are looking at geographical regions where we plan to expand services to build and operate projects as a solar power provider, very similar to companies like SolarCity. The big difference is that DayStar is actively looking to own and operate projects long-term, and has plans to change how renewable energy is provided long-term with our investment in Premier Global.
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