XsunX Newsletter – NREL Confirms 16.36% Efficiency
In our last newsletter, we outlined a key milestone we were hoping to achieve in July – receiving official test results from the National Renewable Energy Laboratories (NREL) for the conversion efficiency of CIGSolar™ samples we had provided NREL several months back. And, in case you missed it, last week we announced confirmation from NREL of 16.36% peak conversion efficiency. These results are fantastic and very encouraging.
NREL’s official measurement of 16.36% helps to support our manufacturing approach, our near-term technology roadmap, and the viability of single cell processing to produce commercially viable conversion efficiencies. Our customers are pleased with the results too, and with our developing sales channel currently representing over $200 million in CIGSolar™ systems licensing interest, we were very glad to share this news with them.
For those of you new to XsunX, or investors just interested in as much info as possible, last Friday on MoneyTV, CEO Tom Djokovich and COO Joe Grimes talked about the official NREL test results, the unique proprietary aspect to the Company’s solar technology, and how this news helps to validate the potential of CIGSolar™ within the Company’s customer base. You can view Friday’s interview by clicking here.
Thanks for your time and have a great week.
The XsunX Team
Safe Harbor Statement: Matters discussed in this shareholder newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this shareholder newsletter, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.