DayStar Technologies Inc., a Santa Clara, Calif.-based developer of photovoltaic products based on CIGS thin-film semiconductor technology, has signed a letter of intent (LOI) with juwi solar GmbH.
According to the companies, the LOI identifies juwi solar GmbH as a sales partner for DayStar in commercializing its CIGS glass modules. Juwi will work closely with DayStar in the early stages of production to test and evaluate modules in field installations and assist with third-party qualifications required for financing large utility power plants.
The LOI will conclude when the two companies enter into a definitive sales agreement that would commit juwi to procure up to 25% of DayStar's production through 2011.
