XsunX Leverages Milan Trade Show to Finalize 100MW Solar Module Production Facility Plans
Milan Show Affirms Amorphous Silicon’s Re-Emergence into Prominence
Aliso Viejo, CA, September 10, 2007:
Source: PR Newswire/CNN Money.com
http://money.cnn.com/news/newsfeeds/articles/prnewswire/CLM09210092007-1.htm
XsunX, Inc., working to launch the build-out of its planned 100MW Amorphous Silicon Solar Module production facility attended the 22nd European Photovoltaic Solar Energy Conference and Trade Show in Milan, Italy with a focus on finalizing vendor support for its core systems and meeting with interested pre-production capacity buyers.
“In summary, this show proved to be a grand slam for XsunX,” stated Joseph Grimes, XsunX’s COO. “The Milan venue allowed us to finalize our plans, re-enforcing our selection of systems and component vendors, and confirming that PV module technology based on amorphous silicon and its derivatives is emerging back into prominence. Furthermore, discussions with parties interested in securing pre-production capacity guarantees continue to gain momentum and we anticipate that the launch of the build-out of our production facilities will generate binding agreements.”
XsunX believes that once consumers and system integrators realize that PV technology based around amorphous silicon can outperform other technologies on a per watt basis, interest in the Company’s module line may grow dramatically.
“Solar watts are priced under “peak” performance test conditions of 1000 watts per square meter and 25 degrees Celsius, yet virtually every solar technology on the market today is out performed by amorphous technology under low light and normal operating temperatures above 65 degrees Celsius,” stated Tom Djokovich, XsunX’s CEO. “The bottom line is that on an annualized basis, amorphous is superior to other technologies delivering more power per watt. Conventional crystalline silicon wafers, CIGS, and CdTe can see up to a 20% loss in production capability at normal operating temperatures above 65 degrees Celsius, and do not function well in early morning and evening light conditions. We believe that people investing in these other technologies are not getting what they paid for. Regardless of how many watts of rated power a particular solar module “could” deliver, the reality today is that you pay for a system’s ideal potential and receive significantly lower efficiency.”
The Company had anticipated announcing the site selection for its planned facilities at the start of September, but additional and revised proposals from regions interested in establishing PV industry growth opportunities for their communities have provided the Company with incentive packages that warranted additional due diligence. The Company plans to provide its investors with final site selection soon and continues to review appropriate financing opportunities for the capital costs associated with the build-out of the proposed new facilities.
Solar system integrators and others interested in discussing opportunities to secure pre-production module commitments, please contact XsunX sales at pre-sales@xsunx.com .
About XsunX
Based in Aliso Viejo, Calif., XsunX is developing and commercializing innovative new thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands. The Company has made plans to build a multi-megawatt solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, power purchase installations, and other on-grid applications. Employing a phased roll out of production capacity, XsunX plans to grow its capacities to 100 megawatts by the end of 2009.
More information can be found at the Company’s multi-lingual website: http://www.XsunX.com