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PacWest Equities, Inc. Announces That Is Has Acquired the DayStar Technologies, Inc.

PacWest Equities, Inc. (PINKSHEETS: PWEI) announced that it has acquired the DayStar Technologies, Inc., a NASDAQ listed Company, line of CIG Solar Technology, in a deal analysts valued in excess of $55 Million. The deal includes the ownership 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, which is of significant importance to PacWest Equities wholly owned subsidiary, World EcoSource’s MobileFood® and MobileFeed® Organic Food and Feed production lines. This technology purchase also includes the DayStar library of 51 patents, patents pending, and international patents, protecting the technology that makes them the only manufacturer of large panel solar glass panels in the world.

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.

Source: PacWest Equities, Inc.

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Posted by: VCi News Desk 
March 31st, 2013 at 19:27
 

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