PacWest Equities, Inc. Plans to Relocate Its Solar Manufacturing Line to Brazil to Capture Part of Brazil's Solar Market Esti...
September 17 2013 - 10:03AM
Marketwired
PacWest Equities, Inc. (PINKSHEETS: PWEI) announced today the
Company plans to relocate its solar manufacturing line, including
its tooling and Intellectual Property to Parana, Brazil. The
company plans on installing a vertically integrated manufacturing
line to manufacture a wide variety of Thin Film and Silicon Solar
Products making it one of the first solar manufacturing companies
in Brazil. The South American solar market is the fastest growing
region in the worldwide solar market, and is estimated to reach
US$89 Billion by 2017.
The Solar Manufacturing Line, 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 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. 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.
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: Media Relations Email Contact
www.pacwestequities.net
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