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DayStar Technologies Inc. (DSTI) Appoints New CFO with Strong Management Experience

DayStar Technologies Inc. (Nasdaq: DSTI) develops photovoltaic (PV) products based on CIGS thin-film semiconductor technology. As the company seeks out avenues to remain a competitive player in the solar industry, support of an experienced management team is integral. The company today announced William Steckel as the company’s newly appointed CFO.

Steckel has more than 20 years of experience managing public and private companies, ranging in size from $30 million to more than a billion dollars in annual revenues, as well as experience in financial planning, restructuring and raising capital. Steckel previously served as CFO, senior vice president and treasurer at Norwood Promotional Products, and president of Lambda Power.

“We are delighted to welcome Bill to the DayStar team,” Dr. Stephen B. DeLuca, CEO of DayStar stated in the press release. “His manufacturing experience, technology background and strong financial track record are essential as we build DayStar into a larger, more efficient manufacturing company. Bill has an impressive history of hands-on management in areas that are important to the success of DayStar.”

DayStar offers solar products for grid-tied, centralized utility markets, as well as decentralized commercial and residential markets. The solar product market is experience growth rate of 25 percent annually, and sales of thin-film solar products have a 33-percent annual growth rate. DayStar’s appointment of Steckel is expected to assist the company in its success in this highly competitive market.

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