Aliso Viejo, CA, November 9, 2004 – XsunX, Inc. (OTC BB: XSNX), developer of Power Glass™ – a breakthrough solar technology that allows windows to produce electricity from the power of the sun , announced today that their phase two development program is now moving to the development and testing of their process on thin film plastics. Recent success in the development of large area monolithic cell structures on glass surfaces has prompted the development move in advance of previous plans.
This area of research and development represents significant commercial importance for the company. By combining the ability to manufacture semi-transparent solar cells on thin-film inexpensive plastics with the use of patented reel-to-reel cartridge manufacturing systems, the commercial viability gains may be significant.
“Our goal is to deliver a process that allows for the simultaneous manufacture of multiple rolls of thin film plastics coated with our high quality semi-transparent solar cell design,” stated Tom Djokovich, CEO of XsunX. “This would provide manufacturers with scalable opportunities to deliver Megawatts of energy producing solar cell coated plastic films for use in the world-wide glass and building materials industry.”
The Company plans to provide methods for integrating renewable energy sources into living and working environments without causing disruptive and costly changes to lifestyles is finding timely opportunities. Recently, the rapid rises in energy costs and security concerns have gained public and political attention spurring a multitude of increased government sponsored conservation and alternative energy initiatives on a global scale.
In Spain the government recently mandated that, beginning in 2005, the integration of solar energy systems will be mandatory in all new buildings. Spanish government estimates predict a ten fold increase in installed systems within ten years, expanding the total of installed PV to nearly six million square meters.
Initiatives, such as the one in Spain and others world-wide, are helping to promote and foster changes in how businesses, building developers and communities are planning to meet the energy demands of the twenty first century.
Dr. Madan is a Research Professor in the Department of Metallurgical and Materials Engineering at The Colorado School of Mines, President of MVSystems Inc. and an adjunct at The University of Waterloo, Canada. He became one of the originators of Amorphous Silicon technologies in 1970 and fabricated the first TFT (thin film transistor) as part of his Ph.D thesis. With over 30 years of leading edge scientific accomplishments he has published well over one hundred scientific papers, published a text book now in use at several universities and holds fourteen patents on thin film semiconductor technology as well as advanced vacuum semiconductor deposition systems. In addition to his recognized leadership in the fields of thin film semiconductors and solar cells, he is the founder of two firms, Glasstech Solar Inc. in 1985 and MVSystems, Inc. in 1989. As founder of these firms he has gained over twenty years of international business, marketing and management experience successfully establishing technology sales exceeding $150 million dollars. Leveraging his extensive scientific, business and leadership capabilities he has led teams of scientists/engineers in multi-disciplinary programs providing contract research and development work for a multitude of domestic and international agencies and firms including the National Renewable Energy Laboratory (USA), BP-Solar (USA), Shell (The Netherlands), Kovio (USA), Zettacore (USA), QinetiQ (UK), ENEA (Italy) and Pacific Solar (Australia) etc.. Dr Madan received his Ph.D. - Physics from the University of Dundee, Scotland.
Based in Aliso Viejo, California, XsunX is developing its patented process to produce solar electric vision 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. Please visit the Company's website for more information: https://XsunX.com
Tom Djokovich, CEO
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