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XSUNX DEMONSTRATES WORKING MODELS OF SOLAR ELECTRIC VISION GLASS
Unveils Thin-Film Renewable Energy Device in the Form of Vision Glass for Building
Aliso Viejo, CA, April 27, 2004 – XsunX (OTC BB: XSNX), developer of innovative transparent photovoltaic technologies that convert light into electrical energy, announced that it has developed working prototypes of its solar electric vision glass. The working models maintain a high degree of transparency allowing light to enter into buildings while still allowing occupants to easily see out.
This development moves XsunX closer to its goal of establishing a viable process for converting today's commercial structures, and their vast areas of modern architectural glass, into virtual power plants. The company believes that its transparent thin-film glazing may eventually provide one of the more efficient and practical means of producing electricity on-site, directly from the sun in the form of a building's vision glass.
These first working models provide the basis for converting up to six percent of the sun's energy striking a window into usable electricity and we anticipate that the continued refinement of our processes coupled with a broader range of transmittance filtering factors will yield even greater conversion rates,'' stated Tom Djokovich, CEO of XsunX, Inc. ``We are very excited about our progress to date and our initial results and conversion rates bode well for the future success of our window-integrated approach to commercially viable alternative energy sources.''
The company's management is currently developing plans for a number of testing and development processes that must be completed prior to offering licensing opportunities for its solar electric glazing processes and anticipates offering beta product testing and development relationships to various manufactures later this year.
Based in Aliso Viejo, California, XsunX is developing patented processes to produce solar electric glass. These proprietary processes are intended to allow manufacturers to apply a transparent and photovoltaic glazing to glass and other transparent substrates. When XsunX glazing is exposed to light, the light energy is converted into electrical energy for use as a power source. XsunX believes that its patented solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets. The Company intends to take advantage of this commercial opportunity to provide governments, developers, businesses and architects with a commercially viable method for converting today's large areas of architectural glass into virtual power plants. For more information, please visit the Company's website: https://XsunX.com.
CONTACT:
XsunX, Inc.
Tom Djokovich, CEO
(949) 330-8060
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Sec Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "muritiesay," "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.
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