PacWest Equities, Inc. Announces Details of the Acquired DayStar Technologies, Inc. Solar Technology Line of CIGS Technology
PacWest Equities, Inc. Announces Details of the Acquired DayStar Technologies, Inc. Solar Technology Line of CIGS Technology and Library of 51 Patents and Pending Patents
LAS VEGAS, NV -- (Marketwired) -- 08/01/13 -- 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(R) and MobileFeed(R) 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(R) and MobileFood(R) units provide turnkey systems for either the production of livestock based consumables or human based protein and vegetable consumables. The MobileFeed(R) 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.
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