News Article
DayStar in talks to sell CIGS assets and technology to PWEI
The deal is subject to completion of Due Diligence, which has been on-going since December 2012, and the DayStar Board approval of this transaction
DayStar Technologies is negotiating the potential sale of its CIGS solar technology, equipment and patent library with PacWest (PWEI).
DayStar's President Lorne Roseborough states, "This proposed deal with PacWest would be a no lose transaction for DayStar. This strategy fits well with the company's go forward plan as disclosed in our PRE 14A."
This deal would only be for DayStar's CIGS technology assets, including its proprietary differentiated manufacturing process to produce low-cost monolithically integrated, silicon-free CIGS-on-glass modules that do address the grid-tied, ground-based Solar (PV) market as well as Building Integrated Photovoltaic (BIPV).
DayStar Technologies developed its CIGS photovoltaic module based on its proprietary one-step CIGS deposition process. The CIGS Module does addresses the construction market's need to be compatible with today's largest growth area for solar which is building integration and the most rapidly growing market for thin film Solar (BIPV).
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.
PacWest Equities specialises in working with underperforming companies and bringing together the resources needed for them to attain financial stability and growth. its focus is on companies showing a positive upside while struggling to bring new bio-technologies and unique products to market.
DayStar's President Lorne Roseborough states, "This proposed deal with PacWest would be a no lose transaction for DayStar. This strategy fits well with the company's go forward plan as disclosed in our PRE 14A."
This deal would only be for DayStar's CIGS technology assets, including its proprietary differentiated manufacturing process to produce low-cost monolithically integrated, silicon-free CIGS-on-glass modules that do address the grid-tied, ground-based Solar (PV) market as well as Building Integrated Photovoltaic (BIPV).
DayStar Technologies developed its CIGS photovoltaic module based on its proprietary one-step CIGS deposition process. The CIGS Module does addresses the construction market's need to be compatible with today's largest growth area for solar which is building integration and the most rapidly growing market for thin film Solar (BIPV).
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.
PacWest Equities specialises in working with underperforming companies and bringing together the resources needed for them to attain financial stability and growth. its focus is on companies showing a positive upside while struggling to bring new bio-technologies and unique products to market.
