LAS VEGAS, NV — (Marketwired) — 08/05/13 — PacWest Equities, Inc. (PINKSHEETS: PWEI) announced today that it has been invited by Government Officials in Brazil to bring its CIGS Line of Solar manufacturing equipment, acquired in a deal some analysts valued in excess of $55 Million USD, to Brazil to open a multi-product suite of solar products for production and distribution in Brazil and other South American countries.
Based upon the Company–s technology and the acquisition of DayStar Technologies, Inc.–s library of 51 patents, patents pending, international patents, and Intellectual Property, Brazilian Officials feel that PacWest Equities is uniquely positioned to help propel them into a leader in the production of Solar Photovoltaic products.
The technology, which cost over $100 Million to develop, with $67 Million going to Research and Development, $12 Million to build the prototype line, and $27 Million going to the actual production line now in physical and possession of PacWest Equities, Inc., addresses the construction market–s need to replace typical tinted window panes in high-rise buildings with Solar Glass Panels that generate electricity at the same time as functioning as a window, a skylight, or any other type of building cover. With the amount of solar potential in Brazil, combined with their high electricity rates and desire to preserve the environment, Brazil is uniquely positioned for rapid growth in this sector.
PacWest Equities, Inc. specializes in working with under-performing companies and bringing together the resources needed for them to attain financial stability and growth. Our focus is on recession proof industries such as food and energy production showing a positive upside while struggling to bring new bio-technologies and unique products to market.
DayStar Technologies, Inc. has been an industry leader in the development of thin film copper-indium-gallium-di-selenide solar photovoltaics, commonly known as CIGS solar cells, for the direct conversion of sunlight into electricity. Thin film photovoltaic CIGS have 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 utilizes the photovoltaic effect to enable the generation of solar electricity.
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