PacWest Equities, Inc. Announces Details of the Acquired DayStar Technologies, Inc. Solar Technology Line of CIGS Technology ...
August 01 2013 - 3:28PM
Marketwired
PacWest Equities, Inc. (PINKSHEETS: PWEI), through its recent
purchase of the DayStar Technologies, Inc. (a NASDAQ Listed
Company) Solar Technology Line of CIGS Technology, announces it has
received ownership of Fifty-One (51) US and China Patents, Patents
Pending, and Patent Applications, protecting its Intellectual
Property rights of DayStar's 15 Chamber CIGS production line which
produces solar covered glass panels at the rate of one 2 x 4 sheet
per minute, and protecting the technology that makes them the only
manufacturer of large panel, solar glass panels in the world. These
Patents are also of significant importance to PacWest Equities
wholly owned subsidiary, World EcoSource, which developed its
proprietary MobileFood® and MobileFeed® Organic Food and Feed
production lines.
The technology 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 possession of PacWest Equities, Inc., which
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. This technology is
designed to integrate with other technologies in the building
market, but at the same time opening up huge surface areas for
Solar Generation that previously were tinted, coated, and usually
curtained to attempt to stop the transfer of heat and energy
drain.
About PacWest Equities, Inc.
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.
About World EcoSource, Corp.
The World Eco Source MobileFeed® and MobileFood® units provide
turnkey systems for either the production of livestock based
consumables or human based protein and vegetable consumables. The
MobileFeed® units are truly a sustainable green life cycle farming
system. Using solar powered and water conservation growing systems,
one trailer can produce 1500 pounds daily of organically grown
grass for year round livestock consumption, lowering feed costs by
200% while producing Certified Organic, Grass Fed livestock,
increasing profitability of the final product.
About DayStar Technologies, Inc.
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 utilize the photovoltaic
effect to enable the generation of solar electricity.
Safe Harbor
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meaning of the Private Securities Litigation Reform Act of 1995.The
words or phrases "would be," "would allow," "intends to'" "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
CONTACT: Media Relations Email Contact
www.pacwestequities.net
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