Jerusalem-based 3GSolar is preparing to go public in Canada, it announced Tuesday. The company develops "dye solar cell (DSC) photovoltaic modules. DSC technology is a cost-effective alternative to silicon and thin film-based systems, providing a low-cost solar-energy solution that produces electricity efficiently even in low-light conditions," according to a statement released by Vesta Capital Corp. 3GSolar was founded by former Luz scientist Dr. Jonathan Goldstein. If all goes as planned, 3GSolar will be the first Israeli company to go public in Canada. Vesta Capital Corp., Canaccord Capital Corporation and Sandfire Securities will all be involved in the initial public offering to raise between C$4 million-C$6m.