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Aliso Viejo, CA, March 8, 2005 – XsunX, Inc. (OTC BB: XSNX), developer of Power Glass™ -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun, announced today that it has begun receiving inquires for product development opportunities from multiple industry sectors. This market interest is in advance of the launch of the Company’s beta product development program anticipated to launch in the second quarter.
“This is the year we plan to expand our R&D efforts to include a diverse set of market and product applications,” stated Tom Djokovich, CEO of XsunX. “We want to establish beta product development relationships within the architectural glass markets and with companies whose innovative market leadership could help establish new opportunities for Power Glass™. We are gearing up to begin our beta product development efforts and are already receiving interest from companies representing product applications in the building materials and automotive sectors,” concluded Mr. Djokovich.
The Company recently attended the 2 nd annual Renewable Energy Conference in Las Vegas, NV and experienced first-hand the degree of momentum and demand that renewable technologies have gained. A diverse group of speakers representing governments, utility companies, systems integrators, manufactures, the Department of Energy, and, notably, the investment community, provided extensive analysis on the future for renewable energy. The collective theme of the conference pointed to unprecedented growth in global energy demands and the adoption of renewable energy sources within mainstream markets.
The current momentum in adoption of renewable energy technologies is giving birth to a market transformation in how, and from where, the energy demands of the future will be met. In establishing beta product development relationships, XsunX hopes to demonstrate clear product use benefits and early paths to markets and revenue opportunities.
Based in Aliso Viejo, California, XsunX is the developer of Power Glass - an innovative solar technology that allows glass windows to produce electricity from the power of the sun. 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
CONTACT:
XsunX, Inc.
Media Relations
(949) 330-8060
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.
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