DayStar Technologies, Inc. ( NASDAQ : DSTI ) announces a partnership with The Breakfast Clubs of Canada (BCC). Together, they have created a very exciting opportunity for new funding and fund raising opportunities for the BCC’s programs through DayStar’s renewable energy projects. This partnership program also allows the BCC to utilize its current relationships with its sponsors and the schools they work with to create recurrent funding opportunity.
Daniel Germain, Founding-President of the Breakfast Clubs of Canada, stated: “Throughout the years, The Breakfast Club of Canada, which is a non-profit organization, has been supported by some of the largest business organizations in Canada such as Walmart, The National Bank of Canada, Air Canada, Costco, Coca-Cola (Minute Maid) and many others, for which we are very grateful. These organizations have all been long term supporters of the Breakfast Club and its programs, and as such have ongoing fund raising activities and long term commitments to help feed the children through the Breakfast Club. This partnership with DayStar is an intelligent way to create new resources for our programs.”
Daniel Germain, further stated, “We are happy to make our DayStar partnership known to our program sponsor partners and to potentially help create a relationship between them.”
Lorne Roseborough, President of DayStar, states, “DayStar strongly believes in The Breakfast Clubs of Canada’s mission which they have been carrying on for nearly 18 years in Canada. They currently provide more than 120,000 children in 1,200 schools with a healthy breakfast each day. By partnering, we have created another tangible funding source for the Breakfast Clubs of Canada programs through our solar power projects. We are happy to introduce Breakfast Clubs of Canada to our business partner’s and suppliers. Solar power is the perfect power source for roof tops and parking lots, everywhere, as it utilizes unused space, which can also be used to create covered parking for handicap or electric vehicles spaces.”
Mr. Roseborough further, states, “This partnership has taken several years to develop with the Breakfast Club and we are pleased to be moving forward at this time. This is a real win win opportunity for all involved: The Breakfast Clubs of Canada wins with new revenue from each project DayStar builds. The Sponsors of the Breakfast Club win as they could be generating renewable energy from their business location, which helps offset their carbon foot print, while creating additional funding for the Breakfast Club. Schools that work with DayStar have a tremendous opportunity to create revenue by having no-cost solar systems built on the school’s roofs or parking lots, creating additional revenue for the Schools. The students win with a Solar in the Schools like outreach program devoted to teaching the growing importance of renewable energy. We look forward to building new relationships with businesses and schools which are and have been playing a role in the success of the Breakfast Club’s vision.”
Breakfast Clubs of Canada is a national not-for-profit organization dedicated to providing services and funding to school breakfast programs. We do this with the help of individual and corporate partners, all committed to the cause of feeding our children’s future.
DayStar Technologies, Inc. is an industry leader in the development of thin film copper-indium-gallium-Di-selenide solar photovoltaics, commonly known as a CIGS solar cells, for the direct conversion of sunlight into electricity. Thin film photovoltaic CIGS technology has the greatest promise for reducing the cost of solar energy. Layers of the semiconductor are deposited along with other layers of material to form a cell that utilize the photovoltaic effect to enable the generation of solar electricity.
The purchase is subject to, among other things, the completion of due diligence activities. There can be no assurance that these conditions precedent, or any other conditions precedent, will be satisfied. Further, there can be no assurance that the proposed transaction will be completed as proposed or at all. DayStar anticipates closing of the proposed transactions in the fourth quarter of 2012, assuming all agreements and approvals are in place.
Source: Daystar Technologies
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