Aliso Viejo, CA, March 13, 2006 – XsunX, Inc. (OTC BB: XSNX), developer of Power Glass™ -- an innovative thin film solar technology that is intended to allow glass windows to produce electricity from the power of the sun, announced today that a patented reel-to-reel thin film manufacturing system, under license to XsunX, was used to successfully complete production of amorphous thin film silicon samples on rolls of plastic film. The sample film was produced using a development scale machine and the results of this process will be incorporated into the Company’s first commercial scale system currently under construction.
“We are very excited about the results and progress made in the development of this hybrid system architecture,” stated Dr. Arun Madan, Chairman of the XsunX Scientific Advisory Board. “We have taken our patented idea and successfully reduced it to a working system providing the basis for system scalability and the potential for reductions to per watt manufacturing costs that should be welcomed by the industry.”
Upon completion the commercial production system will incorporate the Company’s hybrid systems design based on technology under exclusive license from MVSystems, Inc. This design combines the scalability of reel-to-reel processing, and the use of flexible rolled substrates, with the exact processing capabilities of cluster tool vacuum deposition systems. The Company believes that through the selective integration of the better attributes of these previously separate system types, the fabrication of an array of new and efficient thin film devices on flexible substrates may be possible. The Company plans to begin marketing its manufacturing systems and thin film technologies to potential licensees in the spring.
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.