Aliso Viejo, CA, August 2, 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 its Phase III development program is set to expand R&D capabilities through the addition of new laser development equipment necessary in the development of key licensable manufacturing techniques.
“The addition of our new laser equipment will be instrumental in this next stage of our development program,” stated Dr. Arun Madan, Chairman of XsunX’s Scientific Advisory Board. “We attempted to work with other facilities in this next stage of process development, but quickly determined that to ensure performance characteristics of our solar film we needed to bring this phase of development in-house. Over the next month we plan to complete the installation of the laser and move as rapidly as possible into developing key manufacturing techniques as we work to finalize a licensable process.”
The Company has been working simultaneously both in the development of its transparent solar cell structure on thin film plastics and in commercially viable manufacturing processes. “We plan to continue working parallel paths and will soon begin the design of an integrated process line,” stated Tom Djokovich, XsunX’s CEO. “Dr. Madan specializes in the design and manufacture of performance specific manufacturing systems. We hope to leverage his many years of experience into the development of an integrated manufacturing system for use in licensing efforts. Showing potential licensees an integrated manufacturing system will be instrumental in building support for our capabilities within our markets.”
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
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