XsunX Set to Benefit from Pent Up Demand for Commercial Solar Systems
Aliso Viejo, CA – December 30, 2013 – XsunX, Inc. (OTCQB: XSNX), a renewable energy technology, systems, and services provider, today announced that response to its Southern California wide marketing campaign has received wide interest, indicating sizeable pent up demand for commercial and industrial solar systems.
“In spite of the holidays, the response we are receiving from our marketing efforts has been outstanding,” said XsunX CEO, Tom Djokovich. “Several potential customers each week are requesting quotes, with many projects requiring 100kW or more in PV system sizing. Our goal in 2014 is to grow our commercial and industrial PV systems design and installation business to at least 1 MW of new systems per month. The initial results from our campaign are better than what we expected. Based on these early results, we are gearing up to meet the demand.”
XsunX’s focus on commercial and industrial PV systems sales is well timed. Businesses traditionally consume and pay more for power than residential users. Recent approval of rate and time of use charges for commercial and industrial users by the California PUC is driving business owners to seek new ways to control and reduce energy costs. Thus, installation of solar systems has become a leading energy solution for commercial and industrial users.
Also, governmental policies and incentives for solar PV investments continue to improve, resulting in outstanding return on investment for businesses. Mr. Djokovich concluded, “What we essentially have is a worsening public utility market driving businesses to find better solutions. XsunX is well positioned and focused on servicing the Southern California market, which represents one of the largest commercial and industrial PV systems markets in the nation.”
XsunX focuses on providing solar energy solutions to businesses that provide the greatest bottom-line financial benefits. The Company’s background and experience spans virtually all aspects of solar including technology assessment, design, and development. We have a deep passion for solar and have worked to pioneer new technologies and solar business solutions focused at making solar an affordable energy option. For more information, please visit the Company’s website at xsunx.com, or to learn more about the benefits of solar energy for your business schedule a free PV project assessment.
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