DayStar Technologies Inc. has executed a letter of intent (LOI) with EPOD Solar Inc. regarding a proposed transaction or series of related transactions intended to result in the combination of the businesses of EPOD Solar and DayStar.
EPOD Solar is a vertically integrated developer, owner and operator of solar parks throughout Europe and North America. EPOD Solar also manufactures amorphous silicon thin-film modules for the sole purpose of supplying its developed solar projects.
It is anticipated that DayStar will purchase substantially all of the assets of EPOD Solar. The total value of the Transaction will be approximately $300 million.
SOURCE: DayStar Technologies Inc.