(By Balaseshan) DayStar Technologies Inc. (NASDAQ: DSTI), which manufactures solar photovoltaic products, said it has appointed John Ng as chief financial officer (CFO) effective November 15.
The company accepts the resignation of Dale Hoover as CFO, effective immediately. The company said it would like to thank Hoover for his service to the company and wish him well in his future endeavours.
John Ng is a Certified Public Accountant in the USA and a Chartered Accountant in Canada and brings over 20 years experience in corporate finance, capital markets, and strategic initiatives.
Ng has had extensive experience in mergers and acquisitions, capital markets and successful commissioning and financing in the solar energy sector.
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"John's track record in driving shareholder value for publicly-traded companies and experience helping lead companies through a rapid period of growth and transition will serve him well as he joins the company at this exciting juncture in our history. Ng is ideally suited to assist our management team and work with our Board of Directors to create value for our shareholders," said Mark Roseborough, president of DayStar.
DayStar has developed a thin film deposition technology for solar photovoltaic (PV) products. The company utilizes a one-step sputter deposition process and has manufactured a commercial scales deposition tool to apply copper indium gallium diselenide (CIGS) material over area glass substrates in a continuous fashion.
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DSTI is trading down 0.90 percent at $1.10 on Tuesday. The stock has been trading between $0.90 and $3.50 for the past 52 weeks.