PacWest Equities Announces Signing of Agreement to Acquire the Solar Technology Line of CIGS Technology From DayStar Technologies, Inc.

PacWest Equities, Inc. announced the completion of an agreement to acquire the solar technology line of CIGS technology from DayStar Technologies, Inc. (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.