PacWest Equities, Inc. announced 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 US$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 US$100 Million to develop, with US$67 Million going to Research and Development, US$12 Million to build the prototype line, and US$27 Million going to the actual production line now in physical and possession of PacWest Equities, Inc., addresses the construction markets 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.
