XsunX MARKS LAUNCH OF COMMERCIALIZATION DRIVE
Aliso Viejo, CA, January 8, 2004 – XsunX (OTC BB: XSNX), announced today that in its drive toward the commercialization and licensing of its breakthrough technology to produce transparent solar electric glass and films, the company has launched its commercial development efforts. The Company is now preparing to bring the opportunity for an entirely new group of solar electric products to the forefront of the Building Integrated Photovoltaics "BIPV" industry.
"Specifically, we are working with our patented technologies to deliver a licensable process for the manufacture of solar electric glazings for use in the glass, optical film and plastics industries," stated Tom Djokovich, CEO of XsunX. "These industries typically depend on innovation to expand markets and the advantages that XsunX transparent solar cell technology may soon deliver are not only quite clear but also much anticipated."
There are still a number of testing and development processes that will require completion prior to the company offering license opportunities for its technology. XsunX anticipates offering beta product testing and development relationships to various manufactures later this year.
Based in Aliso Viejo, California, XsunX is developing patented processes to produce solar electric glass. These proprietary processes are 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 patented solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets. The Company intends to take advantage of this commercial opportunity to provide governments, developers, businesses and architects with a commercially viable method for converting today's large areas of architectural glass into virtual power plants. For more information, please visit the Company's website: https://XsunX.com.
Tom Djokovich, CEO
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Sec Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "muritiesay," "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.