PacWest Equities, Inc. Announces the Signing of Agreement to Acquire the Solar Technology Line of CIGS Technology From DaySta...
12 Février 2013 - 1:00PM
Marketwired
PacWest Equities, Inc. (PINKSHEETS: PWEI) announced today the
completion of an agreement to acquire the Solar Technology Line of
CIGS technology from DayStar Technologies, Inc. (NASDAQ: DSTI), in
a deal some analysts value in excess of $50 Million. The
transaction includes the ownership of all of DayStar's solar
assets, including their proprietary, differentiated manufacturing
process to produce low-cost, monolithically integrated,
silicon-free, CIGS-on-glass modules that address the grid-tied,
ground-based Solar (PV) market.
This technology is equally of interest to PacWest Equities'
wholly owned subsidiary World EcoSource, a technology based company
which has developed the MobileFeed® and MobileFood® systems,
helping offset deficient worldwide food production for both animals
and humans.
DayStar Technologies has developed a new photovoltaic module
based on its proprietary one-step CIGS deposition process. The CIGS
Module addresses the construction market's needs as it is designed
to be compatible with solar system designs being installed today in
the largest and most rapidly growing thin film markets.
About DayStar Technologies, Inc.
DayStar Technologies, Inc. is an industry leader in the
development of thin film copper-indium-gallium-Di-selenide solar
photovoltaics, commonly known as a CIGS solar cells, for the direct
conversion of sunlight into electricity. Thin film photovoltaic
CIGS technology has 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.
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
companies showing a positive upside while striving to bring new
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.
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: PacWest Equities, Inc. Media Relations Email Contact
www.worldecosource.com
PacWest Equities (CE) (USOTC:PWEI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
PacWest Equities (CE) (USOTC:PWEI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024