XsunX Business and Technology Newsletter
We hope your July has been packed with good times. Here at XsunX, July has been full of progress on several fronts. Earlier this month we announced securing an institutional investment and working to consolidate operations into our new marketing facility. Both of these milestones help us to expedite progress towards the completion of our multi-chamber CIGSolar system and hosting our first customer demonstrations. If you missed the announcement, here’s a link to the press release.
Since that news release, we have been very busy working to prepare the new facility to support the CIGSolar tool as well as working with vendors to ship the balance of pumps, power supplies, and support equipment so that we can complete the wiring and piping of the system on-site. Through these efforts we have begun to distance ourselves from the many months spent in design, testing of parts, and dealing with long lead times. There’s still work to get done, but we are very encouraged that we can now focus on assembling and preparing the CIGSolar tool for start-up in our facility.
A major benefit to this stage of completion is that as the CIGSolar system is taking final shape in our facility, Joe Grimes, our COO, can arrange on-site customer visits. Several of our customers represented interest in continuing licensing discussions once the CIGS tool was nearing completion. Therefore, arranging these customer visits is now one of our top priorities.
For those of you new to XsunX, or investors interested in as much info as possible, last Friday on MoneyTV, CEO Tom Djokovich, provided a very informative interview in which he discussed the Company’s expanding operations, the focus to complete the assembly of the multi-chamber CIGSolar tool, providing demonstrations to customers, recent financing, and the opportunities the Company sees for its new CIGSolar technology to influence the solar industry. You can view Friday’s interview by clicking here.
Thanks for your time and have a great week.
The XsunX Team
To learn more about XsunX’s’ breakthrough technology please visit https://www.xsunx.com.
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.