Corporate Summary

XsunX, Inc. is developing Power Glass™ -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun. This means that inhabitants of buildings that have Power Glass™ films integrated into the skin of the building will be able to continue to view the great outdoors -- as if they were looking through conventional glass windows. The difference is that these windows will now produce electricity to use to offset dependency on local utility supplied power and increase overall building operational efficiencies.

What XsunX Does

Some family history: From the beginning, XsunX has focused on the development of a new breed of very thin semi-transparent coatings and films that create large area solar cells that you can see through. The result: This semi-transparency makes Power Glass™ glazing desirable for placing over glass, plastics, and other see-through structures. Using patented processes, such as reel-to-reel manufacturing techniques, XsunX is working to commercialize large area solar cell manufacturing processes for thin film, flexible, inexpensive, and light weight plastics. Key factors include:

  • Power Glass™ may be a competitive alternative to non-energy producing coatings and glazing for applications in the worldwide architectural glass, optical film, and plastics markets.
  • Innovative Power Glass™ technology may enable buildings to produce power by utilizing the power of the sun, through the glass skin of the building, in an aesthetically sound new way.

The XsunX Solar Electric Glass Idea

Now, for a quick science lesson: Enough energy from the sun reaches our planet every minute to supply the world’s energy needs for a whole year. Clearly, the solution to our ever increasing energy demands is all around us in the form of sunlight. Developing technology to capture and convert as much of the sun’s energy into usable electrical energy is the business of XsunX. The result is Power Glass™ technology. Intended uses and benefits include:

  • XsunX glazing integrates with the previously under utilized, or simply unused, portions of a buildings structure in the form of architectural glass or optical films applied to building materials.
  • Addresses a new form of power generation technology – referred to as Building Integrated Photovoltaics (BIPV) – a growing industry.
  • Management believes the XsunX process may provide as much as a 100% efficiency-to-cost gain for building owners and operators that may for the first time may provide return on investment or “ROI” ratios that make sense.  


Solar Energy Technologies – A Growing Global Demand

Electrical power represents the fastest growing segment of the energy economy. Worldwide energy consumption has significantly increased over the past two decades due in large part to new energy demands from emerging third world markets including Asia and South America. This increase in worldwide demand for energy has added significant pressure on the United States, the world’s largest consumer of energy, with respect to price and supply availability. Consider the following:

  • Global demand for electricity is estimated to increase by more than 70% over the next 15 years; this rapid growth will further strain and expose the limitations of the world’s energy resources.
  • As a result of the increase in energy demand, and the growing environmental concerns of current energy resources, delivering new forms of energy is no longer just a good idea – it is becoming a requirement.

The Expanding Solar Industry Roadmap

The U.S. photovoltaics industry – comprised of manufactures, utility groups, universities, state and local policy and finance commissions, and government agencies including the U.S. Department of Energy – have established a road map with goals that provide for half of all new U.S. electricity generation to come from solar by 2025. They anticipate that:

  • The robust market development of installed solar electric systems in the U.S. is anticipated to grow substantially from less than 0.4 GW in 2003 to 200GW by 2030.
  • For an approximate comparison that would equate to the same amount of new electrical production as 40 new large nuclear facilities, but instead of nuclear power plants this tremendous amount of electrical power is anticipated to come from new solar energy technologies and installations.
  • As the amount of installed solar systems increases the cost per watt continues to go down making solar power more and more economically viable.

PV Industry Table of Targets & Projections for Solar Power for 2004 to 2050








Best System Selling
Price ( $/W )

$ 6.10

$ 4.65

$ 3.68

$ 3.01

$ 2.33

$ 1.93

Electricity Cost
Cents per /kWh

$ 0.18

$ 0.07

$ 0.06

$ 0.05

$ 0.04

$ 0.04

Cumulative U.S.
Installations (peak MW)








XsunX Product Highlights – A New Approach to the Use of Solar

A time for innovation: Power Glass™ technology allows photovoltaic material, in the form of semi-transparent photoelectric panels, to be incorporated into the design of buildings; thus, providing a new and innovative way to integrate additional sources of power production into the operation of buildings. Integrating solar power capabilities into building materials is a new concept in a growth market referred to as Building Integrated Photovoltaics or “BIPV”. As the BIPV category of the photovoltaic industry is beginning its growth into the US, and worldwide markets:

  • XsunX is positioned as one of the first companies dedicated to the large scale commercialization of BIPV on building glass facades through its technology – Power Glass™.
  • This innovative technology enables buildings to become more energy efficient by utilizing the power of the sun, through the skin of the building, to produce electricity in an aesthetically sound and safe way.
  • The cost of Power Glass™ is anticipated to be marginally higher than conventional glass curtain wall and the Company’s management believes it will not exceed that of other common types of building cladding materials, such as marble, granite, and stone.
  • With the advancing use of BIPV technologies the generation of increasing amounts of electrical power on-site from renewable sources will create distributed power systems making buildings less dependant on local power company and grid supplied energy.

Cost of Different Types of Building Cladding Materials – (per Sq. meter)

XsunX Target Markets – Where There’s a Need for Electricity

Solar electric glass and the demand for electricity may present a global opportunity for XsunX. The Company believes that one of the primary markets for Power Glass™ technology will be the makers and fabricators of architectural and industrial glass. XsunX believes that:

  • In today’s, highly competitive, multi-billion dollar glass industry, Power Glass™ may become a source of competitive advantage for many glass manufacturers – as solar glazing technology is a competitive alternative to non-energy producing coating and glazing and is an anticipated feature by the glass industry.
  • 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.


Growth Plan - Leveraging the Assets of Large and Established Glass

No need to reinvent the wheel: The Company's strategy is to complete the development and commercialization of its Power Glass™ process and enter into licensing agreements with channel partners who will manufacture and distribute products made with the XsunX solar electric glass technology. The formula has proven to be a winner for many technology companies. Key steps include:

  • Glass manufactures will be encouraged to incorporate Power Glass™ technology into their manufacturing process as an “original equipment manufacturer” (OEM) and sell the finished product to their consumers.
  • The Company will offer non-exclusive licensing rights and expects to generate royalties on gross sales.
  • By licensing the Power Glass™ technology to glass manufacturers, the Company reduces operating expenses and saves significant capital in plant, property and equipment. As a result, XsunX intends to invest in R&D in an effort to continuously develop new technologies.

World Class Scientific Team

Some of the best minds: Under the direction of Tom Djokovich, XsunX CEO, the company has assembled a world class scientific team, including:

Dr. Arun Madan, Chairman Scientific Advisory Board

Dr. Arun Madan has been appointed as Chairman of XsunX's Scientific Advisory Board. He has worked with the Company in its initial phase helping to establish working models and a foundation of research and development on which XsunX recently launched phase three of its development efforts to bring breakthrough photovoltaic technologies to market. Dr. Madan is a Research Professor in the Department of Metallurgical and Materials Engineering at The Colorado School of Mines, President of MVSystems Inc. and an adjunct at The University of Waterloo, Canada. He became one of the originators of Amorphous Silicon technologies in 1970 and fabricated the first TFT (thin film transistor) as part of his Ph.D thesis. With over 30 years of leading edge scientific accomplishments he has published well over one hundred scientific papers, published a text book now in use at several universities and holds fourteen patents on thin film semiconductor technology as well as advanced vacuum semiconductor deposition systems. In addition to his recognized leadership in the fields of thin film semiconductors and solar cells, he is the founder of two firms, Glasstech Solar Inc. in 1985 and MVSystems, Inc. in 1989. As founder of these firms Dr. Madan has gained over twenty years of international business, marketing and management experience successfully establishing technology sales exceeding $150 million dollars. Leveraging his extensive scientific, business and leadership capabilities he has led teams of scientists/engineers in multi-disciplinary programs providing contract research and development work for a multitude of domestic and international agencies and firms including the National Renewable Energy Laboratory (USA), BP-Solar (USA), Shell (The Netherlands), Kovio (USA), Zettacore (USA), QinetiQ (UK), ENEA (Italy) and Pacific Solar (Australia). Dr Madan received his Ph.D. - Physics from the University of Dundee, Scotland.

Dr. John Moore, Member Scientific Advisory Board

Dr. John J. Moore is a Materials Scientist who holds the position of Trustees' Professor and Head of Department of Metallurgical and Materials Engineering at the Colorado School of Mines. He is also Director of the interdisciplinary graduate program in Materials Science and Director of the Advanced Coatings and Surface Engineering Laboratory, ACSEL, at the Colorado School of Mines in Golden.

Dr. Arokia Nathan, Member Scientific Advisory Board

Dr. Arokia Nathan is a Professor in Electrical and Computer Engineering, University of Waterloo, and holds the Canada Research Chair in Nanoscale Elastic Circuits. He is also the chief technology officer of Ignis Innovation Inc., Waterloo, Canada, a company he founded to commercialize technology on thin film silicon backplanes and driving algorithms for active matrix organic light emitting diode displays.

Dr. Richard Rocheleau, Member Scientific Advisory Board

Dr. Richard Rocheleau is the director of the Hawaii Natural Energy Institute (HNEI) of the University of Hawaii designated as a US Department of Energy Center of Excellence. At HNEI Dr. Rocheleau has established the HNEI Thin Films Laboratory and developed a research program focused on thin film photovoltaics and renewable hydrogen production having near-term applications in both the commercial and military sectors.


The Patents

XsunX has been awarded, and exclusively owns, the following three patents from the United States Patent and Trademark Office for use in the development and commercialization of Power Glass™:

  • Transparent Solar Cell and Method of Fabrication - United States Patent Number 6,180,871 - granted on January 30, 2001. (Device)
  • Transparent Solar Cell and Method of Fabrication - United States Patent Number 6,320,117 - granted on November 20, 2001. (Method of Fabrication)
  • Transparent Solar Cell and Method of Fabrication - United States Patent Number 6,509,204 - granted on January 21, 2003. (Formed with a Schottky barrier diode and method of its manufacture)

In addition, XsunX has licensed the patent and technology portfolio of MVSystems, Inc. The MVSystems portfolio represents over thirty years of photovoltaic technology design, development, and best practices. Further, MVSystems provides XsunX with expertise in the design of manufacturing systems necessary for the commercialization of the Power Glass™ technology. The following is one of the key manufacturing patents licensed from MVSystems:

  • Semiconductor Vacuum Deposition System And Method Having A Reel-To-Reel Substrate Cassette: US6, 258,408 B1: July 10th, 2001. (Method of Fabrication)

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Safe Harbor Statement: Matters discussed in this company overview contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this overview, 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. We encourage readers to read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at and the National Association of Securities Dealers (NASD) at Readers can review all public filings by the Company at the SEC's EDGAR page.




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