XsunX Begins Build Out on Two Large Commercial Solar Projects
Aliso Viejo, CA – XsunX, Inc. (OTC: XSNX), a leading solar power solutions provider, announced today that it has begun the build out on two large commercial solar projects, totaling nearly 300 kW in size, and expected to provide over $2,350,000 in combined utility costs savings while also allowing the clients to leverage tax benefits and installation incentives to recoup their total solar investments in just over three years.
The two system implementations are representative of the growth and momentum XsunX has generated in 2015. Both projects are larger than several of the commercial solar installations announced in 2014, and are strong indicators of the trend of increased quantity and size of systems that the Company intends on pursuing. With a growing sales channel and numerous pending deals, XsunX believes its emphasis of 100% customer service satisfaction, expert design, and exceptional pricing will continue to propel the Company to new heights in terms of sales and overall revenue.
Additionally, the Company has continued to focus on operational infrastructure that will reduce costs and improve efficiencies for its target customers. Recently, XsunX began to work directly with a major supplier of steel solar carport components, eliminating the need for costly subcontractor middlemen. This allows the Company to buy direct and manage its own installations, resulting in what the Company believes will be significant cost savings. This relationship provides a competitive advantage for XsunX, allowing the Company to offer better economic results on both pending and future bids for the numerous solar projects that benefit from the use of solar carport systems.
“We are excited to begin the build out of these two commercial projects, both of which we feel represent the growth and current stature the Company has recently achieved,” said Tom Djokovich, CEO of XsunX, Inc. “The strategic partnerships and improvements to our competiveness that we’ve created over the past several months are now coming to fruition in the form of a growing pipeline of new and pending projects. We believe we will continue to follow this trajectory within the SoCal market, where commercial organizations are more frequently turning to XsunX for information and options on developing a customized solar system that meets their needs.”
XsunX provides solar energy solutions that deliver significant bottom-line financial benefits to businesses. We specialize in the sale, design, and installation of commercial solar power systems. 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. We couple this superior design and delivery capability with factory direct pricing and zero down financing options to provide exceptional solar power investment opportunities for our customers.
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