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January 26th, 2007
A local venture capitalist is part of a new investment group that is giving DayStar Technologies Inc. of Halfmoon $5 million.
Michael Dura of Guilderland, who runs a venture capital firm called PreX Capital Partners LLC, is one of six new investors. The Halfmoon-based solar cell manufacturer is seeking as much as $30 million for a new manufacturing facility in Malta but has said it needs funding just to keep operating past the first quarter of this year.
Dura is a board member of Evident Technologies, a Troy-based nanotechnology firm. He is also listed as a director and vice chairman of Tejas Inc., the holding company for Tejas Securities Group Inc., an investment bank and brokerage that served as an adviser to DayStar in seeking additional funding.
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