XsunX to Deliver 117kW Commercial Solar System
Aliso Viejo, CA – September 30, 2014 – XsunX, Inc. (OTCBB: XSNX), a solar energy solutions provider, today announced that it ended September on a strong note with the sale of a 117kW commercial solar system, and is launching a marketing push for the final quarter of 2014 offering its “Zero Cost” system package to commercial clients.
Interest in the Company’s commercial solar system offerings has continued to build across multiple business sectors spanning from small and large commercial operations to industrial and cold storage facilities, to HOA groups. Also, recent interest has come from agricultural operations where the energy costs for pumping, refrigeration, and processing systems can make the difference between operating profits or losses.
Interest in XsunX’s solar systems across industry sectors is consistent with the growth opportunities for commercial solar outlined in a recent September Seeking Alpha article. The article is supported by information released by Citigroup painting a bright future for solar across the globe, and noting that solar’s continued rapid expansion will be driven by “pure economics” and the growing need for diversity.
Tom Djokovich, CEO of XsunX, commented, “Pure economics, as noted in the Seeking Alpha article, is exactly what makes commercial solar so attractive to customers, and why our phones are ringing. Through the combination of our system designs and effective pricing, installation incentives, and financing options we can present qualified clients with a “Zero Cost” commercial solar system installation and ownership proposal. For these clients, our installation packages can reduce up-front costs to zero, and net reductions to annual operating costs.
Up until now, the early adopters of commercial solar have been the well-financed national brands such as Walmart, Staples, FedEx, Toys ”R” Us, and dozens more. But, as also noted in the Seeking Alpha article, more banks are taking notice of the potential for commercial solar and numerous new financing alternatives are creating profitable opportunities for the banks, the solar contractors, and the business owners.
“The bottom line is that we can offer clients the opportunity to trade a larger energy bill for a lower one, as well as the opportunity to own their systems. Our clients do not have to shell out tens or hundreds of thousands of dollars upfront to own and benefit from adding solar to their businesses. This is the message that we deliver every day in the marketplace, and we are now beginning to see traction,” concluded Djokovich.
XsunX provides solar energy solutions with the greatest bottom-line financial benefits for commercial and industrial users. Our background and experience spans virtually all aspects of solar, including technology assessment, design and development. The company has developed a highly skilled team of qualified engineering and specialty contractors with extensive commercial solar experience necessary to service the diverse conditions that can be encountered in commercial buildings. The company couples this superior design and delivery capability with factory direct pricing and zero down financing options to provide exceptional solar power plant installation opportunities for its clients.
For more information, please visit our website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Tom Djokovich, President and CEO