Last week XsunX provided shareholders and customers with news that it is on target to complete the assembly of its CIGSolarTM TFPV cell evaporation system in October - news we are sure everyone has been waiting to hear. If you missed the announcement, here's a link to the press release.
In our last newsletter, we outlined that a few remaining custom parts had been released for fabrication and now we can announce that these remaining parts were completed. Thankfully our next system will take advantage of many of the serial aspects of assembling this first custom system and we plan on ordering pre-configured parts to our specifications resulting in significantly shortened assembly times.
While these remaining custom parts were being fabricated, and in preparation to help expedite the completion of the total assembly, we have been working to prep and fit-up all five major systems: vacuum, material transport, evaporation, controls, and support systems. During the month, the CIGSolarTM tool will evolve significantly in appearance with the completion of these assemblies. Pictures of the current progress and brief updates can be found here.
Also, last Friday in an interview on MoneyTV, CEO Tom Djokovich discussed how XsunX had worked to differentiate itself within the thin film solar market as well as the Company's push to complete the assembly of the CIGSolarTM tool in October. You can view Friday's interview by clicking here.
Thanks for your time, have a great week, and we look forward to sharing our exciting progress in the near future.
The XsunX Team
To learn more about XsunX's' breakthrough technology please visit https://xsunx.com.
Safe Harbor Statement: Matters discussed in this shareholder newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this shareholder newsletter, 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.