North Coast Solar Stocks

July 20, 2009

XsunX Receives Positive Response to Cross-Industry CIGS Technology

Filed under: XSNX — Tags: , , , , — Jason @ 6:30 am

New Solar Cell Manufacturing Method Is Praised by Experts at Major Trade Show

Monday July 20, 2009, 6:30 am EDT

ALISO VIEJO, Calif., July 20 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), an established solar company, today announced that company representatives who attended Intersolar North America and Semicon West 2009 (July 14-16) received positive response to the company’s cross-industry CIGS technology plan. The company recently announced that it is developing a breakthrough thin-film photovoltaic (TFPV) cross-industry technology that may soon utilize the excess manufacturing capacity of the mature hard disc drive (HDD) industry to mass produce high efficiency, low cost solar cells.

Intersolar North America is an international, business-to-business trade show held in the United States for the global solar industry and focuses on photovoltaics (PV), solar thermal technology, and solar architecture. Semicon West is part of the business-to-business event for the PV manufacturing supply chain and covers the spectrum of PV technologies and issues including thin film and polysilicon devices, as well as increasing solar cell efficiencies and decreasing the cost of solar energy. According to event organizers, the preliminary visitor attendance for both Semicon West and Intersolar North America was 16,700 with over 500 exhibitors attending.

Joseph Grimes, XsunX’s President & COO, stated, “We are extremely pleased with the positive comments received from industry experts at the two shows. Their responses validated that the XsunX approach presents a viable method for producing high efficiency CIGS cells. Silicon wafer based module manufacturers expressed growing concern to XsunX that silicon costs would rise again, and that as a non-silicon based wafer replacement company, XsunX offered a potential solution to rising costs of production. The breakthrough thin-film opportunity, which is described at our new web site, also relieves some of their concerns about the issues faced in scaling CIGS which we believe will overcome current solar technology manufacturing limitations.”

XsunX’s manufacturing method combines the higher cell efficiencies that can be achieved through small area solar cell production with the high rate processing techniques developed within the hard disc drive industry (HDD). Tom Djokovich, XsunX CEO commented, “High efficiency flexible CIGS solar cells provide an immense opportunity for use in multiple market segments. They are like solar building blocks for a wide variety of applications including use as a virtual drop in replacement for costly silicon wafers. This is a vast market opportunity to replace aging technology. Working with a proven manufacturer of HDD systems and the National Renewable Energy Laboratories will not only accelerate our progress, but will also increase the value of the technology to the industry.”

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