ALISO VIEJO, Calif., Sept. 25 /PRNewswire-FirstCall/ -- XsunX, Inc. (OTC Bulletin Board: XSNX - News), a company working to begin the build-out of its planned 100 mega watt thin film photovoltaic (TFPV) solar module manufacturing facilities, today announced it has selected the state of Oregon as the location for its planned facilities and is working with representatives to finalize a manufacturing site location.
"We're very motivated by the overall program that was submitted to XsunX by Oregon's Business and Energy Development Departments," stated Mr. Tom Djokovich, XsunX's CEO. "The combination of operating incentives and credits, added to low cost financing opportunities allowed us to make what we believe was the best decision possible for locating our planned multi-mega watt facilities in Oregon. The state has shown a great deal of desire to attract XsunX and the large number of knowledge-based jobs our facility would create. The state has also traditionally been a leader in green initiatives and is fostering a great environment for the sale of solar products as well."
XsunX is currently engaged in the selection of a suitable facility and hopes to complete this process soon. Several existing candidate properties that meet the general requirements for its new facilities have been presented and are under review. "Once we initiate our plans and begin ordering the various components of our manufacturing lines, we will have a number of months prior to the delivery of the components to complete various improvements to the building we select," stated Mr. Joseph Grimes, XsunX's COO.
Commenting on XsunX's plans to establish facilities in Oregon, Ms. Sarah Garrison with the Oregon Economic & Community Development Department stated, "We are pleased to have attracted XsunX to our state. The XsunX thin-film solar module manufacturing facility plans represent a significant long term investment on XsunX's part so we've worked equally hard to provide a friendly business climate and as much assistance for their operations as possible. Their technology is a great addition to the diversified solar energy industry in Oregon."
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 innovative 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, power purchase installations, 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.