Commercial & Residential Solar Solutions

America Now Has Over 1 Million Solar Installations Converting Sunrays into Clean Energy Today

Dear Shareholder,

As we consider how bright our future continues to look, we are very pleased to have been recently enlightened to the fact that America now has over 1 million solar installations converting sunrays into clean energy today. Due to plummeting installation costs, advantageous public policies, and technological innovations, solar energy has really had an opportunity to take root in the energy arena, and we believe, like many analysts, that this is just the beginning.

“It took us 40 years to get to 1 million installations, and it will take us only two years to get to 2 million,” said Dan Whitten, vice president of communications at the Solar Energy Industries Association (SEIA). “This is a time to mark when the solar industry started to accelerate at warp speed.”

According to the write up on GreenTechMedia.com, at the end of 2015, the U.S. solar market hit a total capacity of 27 gigawatts. That represents just 1 percent of the current U.S. electricity mix, but it could triple to 3 percent by 2020. This year alone, the U.S. solar market is projected to grow 119 percent, which represents an additional 16 gigawatts of new installed capacity and more than double the record-breaking 7.3 gigawatts added in 2015.

XsunX, focused on ways of growing our position in the industry, has recently announced our product line expansion to include the sale, design, and installation of solar canopies. We foresee multiple use opportunities by commercial property owners for our carports, canopies, and awning structures that we believe will allow us to broaden our revenue generating opportunities. As an example, a recent sale of a canopy to be placed over the exterior storage and work area of a manufacturing company underscores the diversity of applications and market interest for canopies.

Solar canopies present 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. Our ability to empower clients with a range of installation options, without substantial cost increases, greatly enhances the revenue generating potential of our territory while also allowing us to grow along with the market as a whole.

Analysts have estimated that the number of solar panels in America will likely double within the next two years. Even if growth continues on this trajectory, it will still represent only 2% of the nation’s energy use, demonstrating an absolutely immense potential for expansion.

Our team here at XsunX continues to have a bright outlook upon the next stage of our business. We will be updating shareholders regarding our progress as we move forward. We sincerely appreciate your continued interest in our mission and your support of the green energy movement.

Have a great rest of your week,

Tom Djokovich, Chief Executive Officer

Safe Harbor Statement

Matters discussed in this newsletter 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.

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