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XsunX, Inc. Newsletter

Sales and CIGSolar® Update

Date: 04/10/2013
 

Good Morning,

 

As you may recall, our last Newsletter outlined that we had received signed Letters-Of-Intent (LOI) from customers in developing regions including the Caribbean and Africa.

 

We are still very active with these sales opportunities, along with others, and we are working diligently to ensure that we respond quickly and provide any assistance necessary to help these customers complete their planning processes as quickly as possible.

 

In case you were wondering about the opportunities in Africa, according to a 2012 United Nations report, Africa's solar energy market will be worth USD 57 billion by 2020 - a sizable opportunity.

 

CIGSolar® Evaporator

 

Since the completion of the assembly last November, we have been busy gauging and calibrating performance, conducting demonstrations, and analyzing processing results of our proprietary CIGSolar® evaporation designs. As we had anticipated, our proprietary heating, insulation, and nozzle technology have performed remarkably well and we are excited about the commercial prospects of our multi-source design.

 

Given the fact that this is a new "first-of-a-kind" design, we have also been monitoring the capabilities and performance of the balance of the systems such as software controls, material handling, vacuum, and cooling systems. We have invested extensive hours with our new system allowing us to identify, document, and implement several upgrades to the software and material handling systems. In fact, our licensing business model emphasizes our commitment to continued process and system improvements for the benefit our customers. This process of continual improvement is a key element of our long-term objective and revenue stream.

 

As always, we are working hard to capitalize the full potential of CIGSolar® for our shareholders and look forward to sharing more progress with you in the near future.

 

Thanks for your time.

 

Tom Djokovich, CEO

 

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.


 

 
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