Power Group Online Article |  | |
7 September 2006 -- DayStar Technologies, Inc., a New York-based developer and manufacturer of Photovoltaic Foil products, announced it has reached an agreement with German solar technology wholesaler Blitzstrom, GmbH to extend and expand its 2005 purchase agreement for the Company's TerraFoil solar cells. The agreement was reached while in attendance at the 21st European Photovoltaic Solar Energy Conference, held in Dresden, Germany.
In June 2005, DayStar and Blitzstrom signed a purchase agreement for Blitzstrom to purchase up to 30 MW of its TerraFoil solar cells through the end of 2008. The amended agreement calls for the purchase of up to 130 MW of DayStar's TerraFoil product through the end of 2010.
In addition, DayStar has resumed commercial shipments of TerraFoil solar cell products to Blitzstrom. The TerraFoil cells are destined for Titan Energy in India, Blitzstrom's contract module manufacturer, where they will be used as an alternative to silicon wafer cells to produce traditional flat-plate photovoltaic modules. Blitzstrom plans to use the finished modules for their worldwide solar energy system sales.
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