To Our Valued Shareholders,
As we approach the midway point of this quarter, I am happy to inform you that we continue to make significant progress in the development of our hybrid CIGS thin-film solar cell technology.
With Chief Technology Officer Robert Wendt leading our team of engineers, including those we are working with at Intevac, Inc., we have already set and reached a multitude of developmental goals related to establishing optimized base lines and validating the suitability of various layers comprising our CIGS solar cell. With these achievements under our belts, we are now entering a stage in which we have begun working to combine these results to create a sample CIGS device.
As we proceed we continue to measure results and refine engineering designs that will help complete the adaption of Hard Disk processing equipment for use in the production of CIGS thin-film solar cells.
The progress weve made thus far indicates that were on track to produce working device samples via this novel manufacturing approach by the end of the year. When we reach this significant milestone in the XsunX timeline, well be sure to provide you with an update reporting the outcomes of innovating between these seemingly disparate yet complementary industries.
Thank you for your continued support of XsunX. We look forward to sharing more updates in the near future. In the meantime, if you have any questions, please contact our Investor Relations desk at or (888) 797-4527.
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.