In our last newsletter, we outlined a key milestone we were hoping to achieve in July - receiving official test results from the National Renewable Energy Laboratories (NREL) for the conversion efficiency of CIGSolar™ samples we had provided NREL several months back. And, in case you missed it, last week we announced confirmation from NREL of 16.36% peak conversion efficiency. These results are fantastic and very encouraging.
NREL’s official measurement of 16.36% helps to support our manufacturing approach, our near-term technology roadmap, and the viability of single cell processing to produce commercially viable conversion efficiencies. Our customers are pleased with the results too, and with our developing sales channel currently representing over $200 million in CIGSolar™ systems licensing interest, we were very glad to share this news with them.
For those of you new to XsunX, or investors just interested in as much info as possible, last Friday on MoneyTV, CEO Tom Djokovich and COO Joe Grimes talked about the official NREL test results, the unique proprietary aspect to the Company’s solar technology, and how this news helps to validate the potential of CIGSolar™ within the Company’s customer base. You can view Friday’s interview by clicking here.
Thanks for your time and have a great week.
The XsunX Team
To learn more about XsunX’s’ breakthrough technology please visit https://xsunx.com , and follow us on Twitter and Facebook.
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