The last month was very busy here at XsunX. In addition to our continued work with our CIGSolar® technology and sales efforts, we ramped up our efforts to add to our technology and business development resources.
One of our projects was helping a customer prepare the financial presentations for an expansive business plan, focusing on capitalizing on near-term opportunities in the Caribbean region.
With costs for delivered electricity in the Caribbean hovering at $0.37 a kWh, our customer's plan addresses the government's interest of diversifying job markets, increasing employment, and thereby raising the standard of living. This is a great opportunity both for our client and for the people in the Caribbean and we are excited to be part of these plans.
For more on this, last Friday Mr. Tom Djokovich, in an interview on MoneyTV, provided additional insight to the Company's efforts with customers. You can view the interview here.
Strengthening Our CIGS Technological and Business Capabilities
With the transition from build-out to start-up, calibration and marketing of our CIGSolar® technology, we have also been looking to strengthen our technology and business development capabilities through the addition of seasoned industry veterans.
We are pleased to announce the addition of Dr. John Tuttle to our scientific and business development staff. Dr. Tuttle is joining as Senior Scientific and Business Advisor and brings over 25 years of thin film and CIGS technology, systems, and business development success to XsunX. His extensive background includes 10+ years with the National Renewable Energy Laboratories (NREL) where, as a senior scientist, his R&D efforts led to multiple patent awards and CIGS PV devise records. Dr. Tuttle's entrepreneurial efforts and comprehensive knowledge of the Cleantech industry are equally extensive.
There will be more to come on Dr. Tuttle's remarkable background in the near future, but we wanted to include a brief update of the good news in this week's newsletter for our valued shareholders.
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.