XsunX, Inc. Investment into New Market Segment Results in an Immediate Increase for New Solar Canopy Estimates and Sales
ALISO VIEJO, CA -May 17, 2016 – XsunX, Inc., a leading solar and energy saving technologies provider, announced today that the Company’s recent investments into its line of commercial solar carports and canopies is developing a wave of interest, yielding a heightened number of requests for solar carport structure proposals. By enabling the Company to now serve clients looking to turn energy liabilities into energy assets through the diverse use of open areas, management prepares to enter a new and exciting phase of growth.
The Company had foreseen multiple use opportunities by commercial property owners for its carports, canopies, and awning structures that could allow the Company to broaden its appeal and revenue generating opportunities. A recent sale of a canopy to be placed over the exterior storage and work area of a manufacturing company underscored the Company’s anticipated diversity of applications and market interest for canopies.
“This is an enormous market opportunity which makes fabulous use of open space, solar energy, and most importantly, offers clients compelling renewable energy investment advantages for their capital. Being able to empower clients with a range of installation options, without substantial cost increases, greatly enhances the revenue generating potential of our territory. Our corporate vision, as carport and canopy applications gain popularity, shifts to the emergence of new and resourceful ways to put solar energy to use.” stated Tom Djokovich, CEO of XsunX, Inc.
He continued: “This is a very exciting time for us. A recent proposal, in review with a commercial client, provided the option to add solar carport structures to reduce monthly utility costs by 85% versus 72% for a roof-top only system. And, most importantly, we were able to offer this client the same per watt pricing for the addition of a solar canopy as our roof-top only system. We believe this provides us a significant advantage in the marketplace.”
Having recently completed its strategic changes resulting in substantial cost reductions for its solar canopies, and having revamped its corporate website, the Company plans to aggressively market its line of commercial solar canopies where the Company foresees the opportunity for substantial future revenues and growth.
About XsunX: XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), and energy saving technologies that provide our clients long term savings, predictability, and control of their energy costs. We install thousands of solar panels each year offering residential and commercial clients solar roof-top and carport system design and installation, battery back-up, LED lighting upgrades, and technologies to help with consumption tracking and control. We guide our performance by striving to keep the customer’s best interests at the forefront at all times and, delivering value through a focus on performance and follow-through that meets or exceeds customer expectations. The products and technologies we offer do not just meet industry standards, but lead the industry in innovation, reliability, and value.
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. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such 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.
Contact: Tom Djokovich
President and CEO