XsunX Receives Positive Response to Cross-Industry CIGS Technology
ALISO VIEJO, Calif., July 20, 2009 — XsunX, Inc. (OTCBB: XSNX), an established solar company, today announced that company representatives who attended Intersolar North America and Semicon West 2009 (July 14-16) received positive response to the companys cross-industry CIGS technology plan. The company recently announced that it is developing a breakthrough thin-film photovoltaic (TFPV) cross-industry technology that may soon utilize the excess manufacturing capacity of the mature hard disc drive (HDD) industry to mass produce high efficiency, low cost solar cells.
Intersolar North America is an international, business-to-business trade show held in the United States for the global solar industry and focuses on photovoltaics (PV), solar thermal technology, and solar architecture. Semicon West is part of the business-to-business event for the PV manufacturing supply chain and covers the spectrum of PV technologies and issues including thin film and polysilicon devices, as well as increasing solar cell efficiencies and decreasing the cost of solar energy. According to event organizers, the preliminary visitor attendance for both Semicon West and Intersolar North America was 16,700 with over 500 exhibitors attending.
Joseph Grimes, XsunXs President & COO, stated, We are extremely pleased with the positive comments received from industry experts at the two shows. Their responses validated that the XsunX approach presents a viable method for producing high efficiency CIGS cells. Silicon wafer based module manufacturers expressed growing concern to XsunX that silicon costs would rise again, and that as a non-silicon based wafer replacement company, XsunX offered a potential solution to rising costs of production. The breakthrough thin-film opportunity, which is described at our new web site xsunx.com, also relieves some of their concerns about the issues faced in scaling CIGS which we believe will overcome current solar technology manufacturing limitations.
XsunXs manufacturing method combines the higher cell efficiencies that can be achieved through small area solar cell production with the high rate processing techniques developed within the hard disc drive industry (HDD). Tom Djokovich, XsunX CEO commented, High efficiency flexible CIGS solar cells provide an immense opportunity for use in multiple market segments. They are like solar building blocks for a wide variety of applications including use as a virtual drop in replacement for costly silicon wafers. This is a vast market opportunity to replace aging technology. Working with a proven manufacturer of HDD systems and the National Renewable Energy Laboratories will not only accelerate our progress, but will also increase the value of the technology to the industry.
For more information about XsunX, please visit XsunX Web site:
https://XsunX.com
Contact: For XsunX, Inc. Investor & Media Relations Tel: (888) 797-4527
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words anticipate, believe, estimate, may, intend, expect and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
