XSUNX ACQUIRES TRADEMARK "POWER GLASS"
Aliso Viejo, CA, September 8, 2004 – XsunX (OTC BB: XSNX), an innovator of proprietary glazing processes to produce solar electric vision glass, announced today that it has entered into an agreement to purchase all interests in the commercial trademark and Internet domain ``Power Glass.''
``We're very excited about acquiring the trademark 'Power Glass.' It provides an opportunity for our future licensees to establish a brand and marketable association between our technology and one of our potentially larger intended market uses in the architectural glass industry,'' stated Tom Djokovich, CEO of XsunX.
The Company's on-going business strategy is to provide opportunities to the glass, optical film, and plastics industries to integrate power generation as a component to a variety of products. The Company's plan is to deliver a process that will turn the vast areas of vision glass utilized in modern architecture into energy producing building components.
In addition to this trademark acquisition, the Company continues to make other strides in the development of its business and opportunities. In June the Company announced a cooperative venture with MVSystems, Inc. and launched the next stage of its development efforts. Further, in August the Company announced the successful development of large area manufacturing processes for the multiple layers of semi-transparent solar cell design. These developments bring XsunX nearer to its goal in establishing a commercially viable method for the scalable production of solar electric vision glass.
Based in Aliso Viejo, California, XsunX is developing its patented process to produce solar electric glass. This proprietary process is 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 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.
Tom Djokovich, CEO
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, 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.