XsunX Secures Two Large Commercial Solar Projects
Aliso Viejo, CA – June 2, 2015 – XsunX, Inc. (OTC: XSNX), a leading solar power solutions provider, announced today that it has signed contracts to design and build two commercial solar systems in the Southern California region valued at approximately $650,000.
An executive office facility in Anaheim, CA contracted the Company to install a 160kW solar carport system designed to offset approximately 80% of their current energy use. The operating cost savings, and investment benefits, allow the system to provide a 100% return on investment in just over four years, while continuing to provide over $1 million in cost savings through the warranted life of the system.
Shortly following the 160kW agreement, XsunX signed a contract with a Japanese automation systems manufacturer to implement a 78kW rooftop solar system. This system offsets approximately 75% of energy use, achieving a 100% return on investment in just over three years while also saving the customer nearly $600,000 in electrical expenses over the warranted life of the system.
These two deals, in addition to many more in the business development pipeline, are indicative of the momentum achieved by providing excellent customer service and cost-efficient pricing. Specifically, the Company’s recent strategic expansion of operations to include direct design and construction of solar carport systems continues to pay dividends for XsunX, as it has provided the capabilities needed to offer larger and diverse solutions with excellent investment economics for clients. This has resulted in interest from a number of organizations, including non-profits, automotive sales dealerships, and niche facilities, such as a southern California brewery.
“XsunX continues to leverage its background in construction to achieve the lowest price points for our customers,” said Tom Djokovich, CEO of XsunX, Inc. “As a result, we are quickly establishing ourselves as one of the most cost efficient solar providers for rooftop, as well as carport, solar systems. This, coupled with our reputation for transparency and no ‘hidden costs,’ has resulted in continued revenue growth for 2015.”
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