Since our last newsletter, repetitive testing and incremental system adjustments have been our focus in the shop. The good news is that we have been able to transition from evaporation of CIS to CIGS (Copper Indium Gallium and Selenium) films - our target product. The initial results are very promising delivering uniform films and properties very close to the ideal proportions of each of the metals necessary to form the CIGS solar absorber.
On that note, our innovative CIGSolar® evaporator is a brand new system and, while we are working to calibrate the evaporation process, we are also paying close attention to the balance of the system's components, such as the controls, material handling mechanisms, and vacuum systems. The evaporation process creates a very harsh environment with temperatures ranging from 500ᶜ to over 1600ᶜ, placing a lot of stress on every aspect of the system. Therefore, as part of maintenance requirements and documentation, we opened the system up this past week to inspect components and give the system a thorough cleaning.
This week we are returning to CIGS processing and plan to build on our positive evaporation results. The good news is that much like a large puzzle that becomes easier to see where each piece belongs as you near completion our work with the CIGSolar® system over these last few months is allowing us to see the finish line.
On an industry note, we have seen several articles recently portraying trends for increased growth in the solar industry with annualized installations growing to 35 gigawatts in 2013 up from 32 GW in 2012. However, continued pricing pressure may result in lower revenues for module manufacturers this year - a trend that we believe only further underscores the industry's need for our new CIGSolar® cell low cost manufacturing technology.
The prospects for solar are estimated to improve dramatically starting next year when projected solar industry revenue begins to expand at double digits rates through 2016. Revenues are anticipated to soar past the previous highs of 2011, climbing to $115 billion by 2016. You can find an article offering a balanced presentation on these estimates and trends here.
Thanks for your time and support.
Tom Djokovich, CEO
To learn more about XsunX's' breakthrough technology please visit https://xsunx.com.
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