Aliso Viejo, CA, January 3, 2006 – XsunX, Inc. (OTCBB: XSNX), developer of Power Glass™ -- an innovative thin film solar technology that allows glass windows to produce electricity from the power of the sun, announced today that it ended 2005 on a high note with continued progress in the development of its semi-transparent Power Glass thin films that may allow the Company to begin marketing efforts of its technologies as early as Spring 2006.
“Our business goal has always been to develop products with application opportunities that promote the wide scale use of photovoltaic technologies,” stated Tom Djokovich, CEO of XsunX, Inc. “In 2004 we took our idea to create a commercially viable solar cell for use on windows and created working prototypes, expanded our R&D capabilities, and acquired the rights to a proprietary manufacturing process. In 2005 we continued to direct our business initiative toward what we anticipate may be the launch of product marketing efforts as soon as this coming spring 2006. We will also start the new year with further progress toward our goal of developing innovative new solar cell designs, as we begin the development of an entirely new type of thin film solar technology,'' added Mr. Djokovich.
Power Glass, the first of the Company’s technology development initiatives, is an innovative solar technology that is intended to allow windows to produce electricity from the power of the sun without significantly altering the appearance or use of the window or transparent surface.
The design of the solar cell provides for the manufacture of very thin solar cells on transparent flexible plastics. As part of the manufacturing process numerous individual cells are produced on rolled plastics substrates and interconnected using minimally apparent segmentations. The resulting integrated solar cell design is monolithic or uniform in appearance and simulates tinted solar control films used in window shading applications. The Company believes the advantages to the use of Power Glass films over current solar glass designs lye in improved esthetic appearance, reduced manufacturing or assembly requirements, and lower finished product costs.
The product of the Company’s Power Glass development efforts is intended to provide marketable technologies in the form of an integrated solution providing commercially scalable manufactured processes, equipment designed for the specific manufacture of the Company’s thin film solar technologies, and proprietary thin film solar cell designs that address new application opportunities.
Another year end milestone is the launch of the Company’s Phase 4 program for the development of a new patent–pending 4 Terminal Nano-Crystalline solar cell.
This unique 4 Terminal solar cell design uses a combination of thin film transparent cell technology, derived from the Company’s Power Glass initiative, with that of a nano-crystalline solar cell. XsunX believes that the combination of these two technologies into a single device holds a promising opportunity to deliver low cost, high efficiency, flexible, and light weight solar cells providing performance characteristics commonly found only in various forms of crystalline wafer technologies.
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
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.