XsunX ANNOUNCES SOLAR ELECTRIC ARCHITECTURE INITIATIVE
Santa Monica, Calif., October 14, 2003 – XsunX (OTC BB: XSNX) announced today a development initiative to increase the opportunity for the integrated use of its patented solar electric glass technology in modern building design and construction.
This initiative is driven by the growing worldwide interest in the building integration of renewable energy systems, where the system elements actually become an integral part of the building, often serving as the exterior weathering skin. This process has become known as Building Integrated Photovoltaics or "BIPV."
A growing number of architects have come to understand that it is no longer the goal of good design to simply create a building that is aesthetically pleasing. They realize that buildings must become environmentally responsive as well. Many architects have responded by specifying increased levels of thermal insulation, higher-efficiency lighting, thermally efficient glazings and high efficiency ventilation systems.
Today, with greater frequency, government mandates are spurring the increased use of alternative and renewable energy systems as part of building design. The growing awareness at the architectural design level coupled with government regulation has created a necessity for the development of esthetically appealing alternative energy systems.
XsunX believes that one of the more promising renewable energy technologies for building integration may be its solar electric glass. XsunX glazing is a truly elegant means of producing electricity on site, directly from the sun, without concern for energy supply or environmental harm, in the form of the building's vision glass.
With XsunX solar electric glass as an integral part of the vision glass, these surfaces can be used to create electricity. This electricity in turn can flow through power conversion equipment and into the building's electrical distribution system, thereby feeding electricity to the building's electrical loads. In essence, the skin of the building produces electricity for the building.
Based in Santa Monica, California, XsunX is the provider of a breakthrough technology to produce solar electric glass. XsunX believes that the power of the sun can be used to supply a substantial portion of the world's future energy needs. Photovoltaic elements can be integrated directly into buildings. These systems can convert sunlight into electricity and integrate with the energy use and structure of buildings as window systems. Visit the Company's website for more information: https://XsunX.com
Tom Djokovich, CEO
(C) 2003 PRIMEZONE, All rights reserved.
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.