KITCHENER, Ontario, Jan. 22, 2007 (PRIME NEWSWIRE) -- Meikle Automation, an industry leader in production automation, and XsunX Inc. (OTC BB:XSNX.OB - News), a leading developer of advanced manufacturing systems and cell structures for solar energy, are pleased to announce a strategic alliance agreement to speed XsunX's thin film photovoltaic products to market.
Joe Grimes, COO of XsunX, says that strategic alliances with companies which provide specific services allow XsunX to focus on its specialty -- thin film photovoltaics -- while benefiting from the experience of others.
"We are in favor of using the resources of knowledgeable individuals and companies like Meikle in the advancement of XsunX," Grimes said. "Benefits of our partnership will include speed to market, ease of manufacturing, cost benefits, flexibility, customer support and risk reduction."
XsunX has focused its efforts on lowering the cost per watt of solar power and making solar cell technology easier to use in a wide variety of applications.
"XsunX is bringing to market a very exciting thin film photovoltaic technology which we believe has cost benefits and a unique form factor which can broaden the applications for solar cells far beyond the traditional markets," said Andrew Meikle, President and Chief Executive Officer of Meikle Automation. "The ease of manufacturing and the ability to design the cells into novel applications will drive this product forward."
Grimes cites unprecedented global growth in the demand for electricity and notes that looking to the sun for affordable, sustainable and safe power has never been more important. "In working with Meikle, we will advance thin film photovoltaics and the advancement of alternative energy," said Grimes.
About XsunX:
Based in Aliso Viejo, Calif., XsunX is developing and commercializing innovative new thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands. The Company has focused its efforts on lowering the cost per watt of solar power and making solar cell technology easier to use in a wide variety of applications. XsunX provides new manufacturing techniques that can significantly lower production costs and allow for easier additions to production capacities and technology upgrades to manufacturers without their having to re-build and re-tool. Together, XsunX design and production innovations offer manufacturers of solar products exciting new application opportunities and reductions to the cost per watt of solar power.
More information can be found at the Company's multi-lingual website: https://XsunX.com.
About Meikle Automation:
Meikle Automation Inc. is a privately held world-class leader in the design, fabrication and integration of production automation systems for the automotive, life sciences, electronics and semiconductor industries. The Company has experience in a full range of custom automation solutions and specializes in discrete part assembly, test systems and production-monitoring software. Meikle Automation's customers receive cutting-edge, high-performance manufacturing equipment that moves their products from cost to profit in record time. Headquartered in Kitchener, Ontario, Canada, Meikle Automation has six manufacturing facilities throughout Canada, the United States and Mexico. For more information, please visit http://www.meikleautomation.com.
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," "expec"' 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 XsunX 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 XsunX 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 XsunX.
