XsunX Shareholder Newsletter
There is only one way to say it – business development for our newly launched Solar PV System sales is progressing better than we had anticipated.
Launching any new business division is challenging, but we have been systematically checking off key milestones in establishing what we see as a very robust growth and revenue opportunity for us.
Obviously, the biggest check mark has been our actual sales of systems, and we keep adding to our sales pipeline with system quotes ranging from over $1 million to smaller $40,000 systems. The diversity in clients is fantastic and fascinating. It’s safe to say that the American dream of entrepreneurialism is still very much alive and strong.
Some of the key milestones we have reached since receiving our license in mid-October 2013 are;
- Establishing an effective southern California wide marketing campaign;
- Becoming qualified to apply for and access renewable energy cash incentives for our clients;
- Establishing factory direct pricing for major PV system components to keep us competitive;
- Qualifying to offer zero down financing for our systems;
- Settling on a PV system component design that can provide as much as a 25% increase in solar energy power harvesting over standard systems;
- Securing great licensed professionals to help streamline our design, engineering, and PV system installation efforts; and,
- We can’t help mentioning it again – we are achieving sales results, getting paid, and building momentum.
In the not too distant future we will begin hiring new staff to help manage our growth. Our first year goal is to reach 1 MW per month in commercial PV system sales and, although we are building a network of licensed professionals to help us, we will need key people to help manage and support the great individuals and firms we are working with in the field.
If you are interested in more information about what we are doing you can view a recent interview on MoneyTV with XsunX CEO, Tom Djokovich here.
Have a great rest of your week and Presidents Day weekend.
XsunX focuses on providing solar energy solutions 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.
Tom Djokovich, President and CEO
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.