To Our Valued Shareholders,
As you know, Robert Wendt was promoted to chief technology officer this Spring so that XsunX could leverage his 15 years of solar thin film development and commercialization experience. As CTO, he is overseeing XsunX’s thin film technology development, product design and technology commercialization efforts. On Friday, he joined me for his first appearance on MoneyTV.
On the program, Mr. Wendt talked about CIGS (copper indium gallium selenide) manufacturing techniques, why CIGS so far has proven difficult to scale commercially while maintaining performance efficiencies, and why XsunX believes that our breakthrough manufacturing approach may provide a solution to the previous challenges. As you may know, there are a variety of technologies used to manufacture CIGS wafers, but a process called evaporation delivers the highest solar energy conversion efficiencies. We believe that an efficient evaporation source in combination with our unique manufacturing processes and equipment adapted from the HDD industry can achieve low-cost, high-rate fabrication.
I was also able to share information about the substantial market opportunities that XsunX’s new technology affords, especially as a replacement for silicon wafers – roughly 80 percent of solar panels are silicon-based – at half the cost. XsunX’s CIGS wafers could be integrated into solar panels, adapted to a variety of building materials including roofing, facades and glass, and even used in consumer products.
Watch XsunX on MoneyTV here:
Interview with CEO & CTO begin 3 mins. 15 secs. into the show.
If you have any questions, please contact our Investor Relations desk at or (888) 797-4527. Thank you for your continued interest and support.
Tom M. Djokovich, CEO
Safe Harbor Statement: Matters discussed in this shareholder news letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this shareholder news letter, 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.