June 24, 2013 (Investorideas.com renewable energy newswire) XsunX, Inc. (OTCQB: XSNX)
issues the following update from Tom Djokovich, CEO: Lately our updates
have centered on our developing business opportunities, key markets,
and the stabilizing solar market. In the background, we have been
working full time with the CIGSolar® evaporator and we are excited to
let you know that we are seeing some outstanding results.
the completion of the CIGSolar® evaporator assembly, we have carried out
literally hundreds of incremental steps aimed toward establishing
benchmarks, calibrating performance, and identifying or implementing
potential improvements across our entire suite of system capabilities from material transport to CIGS deposition.
objective was to get the tool assembled, working, and producing results
on par with the results we achieved during the initial technology
development phase. The good news is that the tedious process of what
seemed like endless incremental and iterative steps is now producing
those types of results. Our internal testing of films is showing near
identical film composition results to those recorded in a sample we
provided to the National Renewable Energy Laboratory (NREL) during our
development phase, which averaged 16.4% efficiency.
surprisingly, and we have mentioned this before a few times, our
proprietary thermal co-evaporation heating, insulation, and nozzle
technology have performed remarkably well and we are excited about our
thin film processing results and commercial prospects of our
This progress also shows that we are on the
right track and helps to strengthen our marketing capabilities as well
as emphasizes our commitment to continued process and system
improvements for the benefit our customers.
As always, we are
working hard to capitalize the full potential of CIGSolar® for our
shareholders and look forward to sharing more progress and news with you
in the near future.
Tom Djokovich, CEO
About XsunX (OTCQB: XSNX)
XsunX, Inc. is working to commercialize a new manufacturing process to produce low cost,
high efficiency thin-film Copper Indium Gallium (di) Selenide (CIGS)
thin film solar cells. Our patent-pending processing technology, which
we call CIGSolar®, focuses on the mass production of thin-film CIGS
solar cells utilizing a proprietary multi-area thermal deposition
process to minimize processing defects to create highly uniform CIGS
films. These cells match silicon solar cell dimensions and can be
offered as a non-toxic, high-efficiency and lowest-cost alternative to
the use of silicon solar cells. The company is offering licenses for the
use of the CIGSolar® process technology, and plans to generate revenue
through licensing fees and manufacturing royalties for the use of the
To learn more about XsunX's' breakthrough technology please visit http://www.xsunx.com.
Harbor Statement: Matters discussed in this shareholder newsletter
contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this shareholder
newsletter, 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.
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