Aliso Viejo, California, April 5, 2006 – XsunX, Inc. (OTCBB:XSNX), developer of Power Glass® – an innovative solar technology that is intended to allow glass windows to produce electricity from the power of the sun, today announced the expansion of its development team to include additional senior scientists specializing in nano-crystalline thin-film technology. The expansion of the development team comes as the Company prepares to complete the addition of nano-crystalline development chambers to existing R&D systems as part of the development of a new hybrid solar-cell design employing a patent pending 4-terminal approach. The design combines aspects of the Company’s Power Glass thin-film technology with that of nano-crystalline solar-cell design, which the Company believes holds the promise of lower cost, higher-efficiency, flexible and lighter-weight solar cells.
In the development of both Power Glass and the new nano-crystalline solar technologies, the Company is responding to the dramatically growing opportunity for thin-film solutions to expanding energy demands. A recent study by NanoMarkets, a Virginia-based research firm, outlined the potential U.S. market for thin films to approach $2.3 billion by 2011. A large portion of the market is expected to go to devices based on amorphous silicon, the XsunX specialty, with additional opportunities in building-integrated systems that represent the principal XsunX market.
XsunX recently announced that it had begun the manufacture of its first mass production system for delivery of its innovative thin-film solar cells. These manufacturing systems will be sold to licensees of the Company’s proprietary thin-film solar technology, Power Glass. According to Tom Djokovich, CEO of XsunX, Inc., “Our entire team is working hard toward the development of our first licensable product, Power Glass films, and the beginning of our marketing efforts. We hope to be able to soon invite potential licensees into the labs to demonstrate both the technology and the manufacturing systems. The incredible potential of this market makes both our team and our investors anxious for this important step. We are on target in the timing of our developments and we have promised our investors that we will go to market with absolute credibility and quality. The steps we take today will play a key role in the future of power.
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.