PacWest Equities, Inc. Secures Invitation From Brazilian Government Officials to Bring Its Line of Solar Manufacturing Equipm...
August 05 2013 - 04:00PM
Marketwired
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.
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 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 utilizes the photovoltaic effect to enable the
generation of solar electricity.
Safe Harbor This news release contains forward-looking
statements within the 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 PacWest Equities, Inc. Email Contact
www.pacwestequities.net
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