ALISO VIEJO, Calif., Oct. 2 /PRNewswire-FirstCall/ -- XsunX, Inc. (OTC Bulletin Board: XSNX - News), a solar technology company preparing to launch the build-out of its planned 100 mega watt thin film photovoltaic (TFPV) solar module manufacturing facilities, announced today that its Solar Module Reservation Program was well received at the Solar Power 2007 Conference and Trade Show in Long Beach, California by solar system integrators, installers, green field operators, and utilities working to grow their businesses within a capacity constrained industry.
At the trade show, XsunX met with interested solar system integrators, installers, green field operators, and utilities to discuss the details of its Reservation Program. By the end of the show, one operator had signed into the program indicating interest for sixty mega watts of module capacity over the 2009 to 2011 production periods, and the Company had engaged nineteen other potential customers providing them with reservation program agreements for review.
Mr. Tom Djokovich, XsunX's CEO, provided insight to the feedback the Company received from these potential customers, "The consensus we heard was that installers and operators of large area installations are interested in transitioning to amorphous TFPV because of the cost differential and superior performance amorphous TFPV provides in many types of environments. We were able to confirm that our 1x1.6 meter panel and 120 watt module design addressed and overcame the current concerns generated by other thin film products such as size, power out-put, and assembly materials. An interesting note was that many of the American-based operators preferred buying competitively priced American-made solar modules which could help them to secure large U.S. government and defense contracts. Similarly, XsunX's use of non-toxic materials resonated very well with the European operators. We're following up with those operators that are currently reviewing our agreements, but overall we were able to introduce our product and manufacturing plans to a large body of industry professionals and build a strong start that we anticipate will lead to the success of our reservation program."
As part of an overall integrator support effort, the Company's reservation program provides a tiered approach allowing integrators and operators to indicate the desired module capacity for purchase in future years. The Company is allowing participants to secure reservation commitments by providing refundable deposits up to the delivery of full size production samples in 2008. Thereafter deposits will be applied towards module commitments and deliveries.
Solar system integrators and others interested in discussing opportunities to reserve pre-production module commitments, please contact XsunX sales at .
Based in Aliso Viejo, Calif., XsunX is developing and commercializing new thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands. The Company has made plans to build a multi-megawatt solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, XsunX plans to grow its capacities to 100 megawatts. The Company is working to complete site selection, and reviewing appropriate financing opportunities for the capital costs associated with the build out of the proposed new facilities.
More information can be found at the Company's multi-lingual website: https://XsunX.com
For more information, contact Investor Relations at XsunX, Inc. (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.