Company Shareholder Update
At the start of the month, we outlined how September’s marketing and sales efforts would focus on supporting and meeting with prospective customers for our CIGS manufacturing technology, and that we would be responding to solar power system development quote requests for commercial and utility scale projects.
So far, September has been busy in a very good way. Progress filling our solar power system development sales pipeline is picking up steam very nicely with three projects totaling nearly 750 kW (about ¾ of a megawatt) for commercial and industrial projects now in the proposal stage – exciting stuff.
There are more projects pending that we have been asked to bid on as they become ready for the engineering, systems procurement, and the construction phase. Additionally, in an effort to try to develop as much sales opportunity as possible, we are not just waiting on projects to come our way, but have also begun reaching out to land owners we know to offer free solar development feasibility assessments of properties they hold.
On the CIGS manufacturing equipment side of operations, we have an on-site meeting with an African based client scheduled for this week, and last Thursday we delivered to a Caribbean based client an extensive package of specifications and financial benefit outlines they requested to allow them to better qualify for government support in their region.
Overall, our expansion into solar project construction and development has started with strong momentum and we are excited about the opportunity to grow sales and operations through these new efforts. With USA solar installation up over 30% in the first quarter and increasing another 15% in the second quarter, our focus is to use the increase in awareness of solar’s affordability to load the sales pipeline with commercial, industrial, and utility scale projects.
For more information on what we are doing, you can view a recent interview from last Friday on MoneyTV with our CEO, Tom Djokovich here.
Thanks for your time and have a great week.
Tom Djokovich, CEO
To learn more about XsunX’s’ solar project development services and CIGSolar 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.