Friday, October 04, 2013 11:51:34 AM
PWEI has received a great investment!
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PacWest Equities, Inc. Secures Invitation From Brazilian Government Officials to Bring Its Line of Solar Manufacturing Equipment to Brazil
LAS VEGAS, NV–(Marketwired – Aug 5, 2013) – 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.
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