North Coast Solar Stocks

September 21, 2009

XsunX and Intevac Team Up to Develop Breakthrough Thin-Film Photovoltaic Manufacturing Technology

Filed under: XSNX — Tags: , , , , , — Jason @ 8:00 am

XsunX and Intevac to Leverage Cross-Industry Expertise to Improve Thin Film Solar Cells

Monday September 21, 2009, 8:00 am EDT

ALISO VIEJO, Calif. and SANTA CLARA, Calif., Sept. 21 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX.OB), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, and Intevac, Inc. (IVAC), the world’s leading provider of magnetic media deposition equipment to the hard disk drive (HDD) industry, announce that they are working under a Joint Business Agreement to collaborate in the development of techniques and equipment for the production of commercially marketable processes and equipment for the manufacture of CIGS (copper indium gallium selenide) thin-film solar cells. Through the successful combination of cross-industry specialties, XsunX and Intevac plan to develop a new breed of TFPV manufacturing techniques to produce thin-film solar cells.

By teaming up, the companies plan to effectively combine Intevac’s unparalleled expertise and years of technological improvements developed for the sophisticated HDD manufacturing industry with XsunX’s experience in the TFPV industry, which includes senior staff with years of commercially successful CIGS-related technology development. The two companies are adapting high-rate production tools from the disk drive industry with process knowledge from the CIGS and thin-film industry. This unique and novel approach focuses on maintaining a relatively small deposition area; initially about five-inch squares similar in size to silicon solar wafers, which the companies believe reduces a significant challenge that has faced the CIGS industry in the past: maintaining cell performance while scaling commercial production.

“We are thrilled to establish this relationship with Intevac, whose HDD manufacturing techniques are the standard of the industry,” said Tom Djokovich, chief executive officer, XsunX, Inc. “Intevac has the capacity to bring tremendous value to XsunX through their existing engineering and process development advancements. Likewise, our resources and expertise in the development of evaporative technologies, and the best processing parameters for the CIGS thin film layers, will help lay the foundation for the rapid development of this first-of-its-kind cross-industry technology.”

“Intevac is pleased to enter into a relationship with XsunX and pleased that they will be using our enabling technology for the development and manufacture of CIGS photovoltaic cells,” said Kevin Fairbairn, president and chief executive officer, Intevac, Inc., “We plan to leverage our experience in thin film deposition derived from our HDD equipment business and mainframe transport design capability derived from our semiconductor etch business to provide high productivity, low cost of ownership manufacturing platforms for the production of thin film PV cells.”

August 11, 2009

XsunX’s Hybrid Solar Cell Technology Captures Media’s Attention

Filed under: XSNX — Tags: , , , — Jason @ 7:30 am

XsunX featured on prominent green tech websites

Tuesday August 11, 2009, 7:30 am EDT

ALISO VIEJO, Calif., Aug. 11 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), the developer of a breakthrough cross-industry solar cell manufacturing technology, garnered the interest of two well-respected media outlets last week – ChecktheMarkets.com’s “Seeing Green” blog and CleanTech News.

Both articles highlight XsunX’s expanded business development plan to commercialize the company’s revolutionarily cross-industry thin-film solar technology as a possible next-generation solar technology.

ChecktheMarkets.com ran a comprehensive article on August 6 entitled, “Get Ready for Affordable Thin-Film Solar Technology.” The piece underscores the company’s commitment to “developing, inventing and adapting” solar cell technology, as Tom Djokovich chief executive officer of XsunX says. The “Seeing Green” blog is a product of ChecktheMarkets.com, a news-oriented portal headed by a team of experienced analysts, writers and investors who deliver information on emerging growth companies to the investment community. To view the article click here: http://tinyurl.com/lprwxk or

http://www.checkthemarkets.com/index.php?option=com_content&task=blogcategory&id=30&Itemid=98.

“XsunX reboots, claims 75% cost savings with new CIGS [copper indium gallium selenide] solar push” ran last Friday, August 7, on CleanTech News. This green technology-geared magazine, describes how XsunX “came to realize that the solution for the performance-to-price ratio [for solar cells] was most likely going to be overcome through improved solar manufacturing and solar module packaging techniques.” To view CleanTech News article click here: http://www.cleantech.com/news/4812/xsunx-business-model-takes-turn.

“As we move forward with our new business plan, it’s reassuring to see respected members of the media show interest in our new manufacturing process,” says Djokovich. “As we move forward with our timeline, we anticipate a growing number of inquiries into this approach to solar cells, which marries such unique industries for the purpose of a more efficient solar cell.”

For more information about XsunX, please visit XsunX Web site:

http://www.XsunX.com.

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 http://www.xsunx.com, 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.”

July 14, 2009

XsunX Unveils New Plan to Revolutionize the Solar Industry with Breakthrough Cross-Industry Technology

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

Mass Production Technology to Bridge Gap Between Inexpensive Thin-Film and Higher Efficiency Silicon Wafer Technologies

Tuesday July 14, 2009, 6:30 am EDT

ALISO VIEJO, Calif., July 14 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), an established solar company, today 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 to truly capture the power of the sun.

Mr. Joseph Grimes, XsunX’s President, stated, “XsunX is excited to announce its expanded plan for development. The breakthrough thin-film opportunity, which is described at our new web site http://www.xsunx.com, was developed from an initial idea last fall and has matured to a reality today. We are working rapidly with our strategic partners to commercialize this cross-industry technology. We believe that this breakthrough can overcome current solar technology manufacturing limitations and revolutionize the solar industry.”

Current techniques for the production of solar cells based on the use of Copper Indium Gallium (di) Selenide (CIGS) thin films, a solar technology that holds the record for thin film efficiencies at nearly 20%, do not leverage stationary, small area, high rate, production technologies that allow for the precise control of thin film properties. Development and production of CIGS, and many other thin films, have focused on the use of large area substrates or continuous moving roll-to-roll deposition methods that result in lower efficiencies.

XsunX’s revolutionary manufacturing method combines the higher cell efficiencies that can be achieved through small area processing techniques, approximately 5″ square wafers, with the high rate processing techniques developed within the hard disc media industry. We believe that through the successful combination of these techniques, overall factory yields (total watts of production per day) will be increased resulting in lower production costs while still delivering the full energy and low cost potential that CIGS based devices offer.

These wafers, on stainless steel, are similar in size to silicon wafers used in nearly all solar modules manufactured today. High efficiency flexible CIGS solar cells provide an immense opportunity for use in multiple market segments. XsunX envisions these thin film wafers as the solar building blocks for a wide variety of applications including:

Replacing Existing Silicon Wafers: A virtual drop-in replacement for the costly and unpredictable silicon wafer costs. This is a vast market opportunity to replace aging technology.
Utility Scale Solar Fields: Due to the modular building block aspect of using wafers, solar module size and power output can be tailored to deliver the needs of any size solar farm or application. The constraints of monolithic thin film technology no longer limit panel size.
BIPV Products: High performance thin film flexible CIGS wafers can be designed into an array of building products including roofing materials, building facades, and glass.
Residential Markets: Unlike lower performance thin film solutions, high performance CIGS modules deliver the energy density necessary to make residential applications economical.
Consumer Products: A growing array of consumer products, from hand held devices to vehicles and gadgets of all types, have begun to integrate solar. Thin film CIGS wafers can be sized to meet the needs of these rapidly growing market segments.

“We see this opportunity as a step forward for our company at a time when many solar companies are struggling to differentiate themselves within a market that has become increasingly filled with status quo technologies,” stated Mr. Robert Wendt, Chief Technology Officer for XsunX. “Our approach to CIGS thin film, combining sophisticated high rate HDD equipment with proven CIGS processes that have been matured in the laboratory, offers XsunX an opportunity to differentiate by providing significant improvements and cost reductions for the use of solar power,” concluded Wendt.

The Company sees tremendous opportunities to deploy this breakthrough technology within the well-established and very mature HDD industry. Due to the downturn of the global economy and evolving technology shifts, the HDD industry is in need of another way to use its excess manufacturing capacity. XsunX estimates that converting only one half of the HDD industry, which accounts for the production of over 600 million hard disks per year, would be the equivalent of adding nearly 3GWp per year of solar production capacity.

June 18, 2009

XsunX Announces Plans To Accelerate Growth

Filed under: XSNX — Tags: , , , , — Jason @ 9:00 am

Thursday June 18, 2009, 9:00 am EDT

New Focus on Proprietary Technology Development, Marketing Strengths, and Sales

ALISO VIEJO, Calif., June 18 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), a developer of thin film solar photovoltaic (TFPV) technologies, today announced an expanded strategic plan intended to allow the Company to focus on its core strengths of technology development, marketing, and sales. In addition, XsunX intends to enter into manufacturing supply or licensing agreements with solar PV manufacturers to service its existing sales agreements and new sales opportunities that the company is pursuing.

The Company is adapting to evolving market conditions in the solar industry that have produced significant global manufacturing infrastructure for solar PV components and assembly capabilities in both the traditional silicon and thin film sectors. Following a business model popularized by the semiconductor and electronics industries, XsunX will focus on product development, marketing, and sales, and will either create joint business agreements, contract for production services or license its proprietary technologies. This approach allows for a high degree of flexibility and innovation to more easily adjust to changes in the renewable energy market.

“With the high costs required to establish and maintain in-house manufacturing operations, we believe that leveraging and adapting the use of existing infrastructure available from other companies is a very attractive option,” stated Tom Djokovich, XsunX CEO. “This plan allows us to reduce start-up and operating costs, better service or assist partners in servicing new regions, and refocuses resources towards the development and deployment of new solar PV technologies through multiple partners.”

XsunX has already begun working to implement aspects of its expanded strategic plan intended to move the company away from continuous reliance on costly manufacturing infrastructure and, instead, to establish manufacturing supply and service agreements, when most practical, with companies specializing in solar module component manufacture, assembly, and equipment supply.

“In interviewing and negotiating with potential partners, we found instances where either process lines could be adapted to service our requirements or extra capacity was available to service our specific needs,” said Djokovich. “The main objective for XsunX is to focus on technology development, sales, and generating revenues while reducing the need for large infrastructure investments that tax shareholder equity and delay the roll-out of business initiatives and revenues,” concluded Djokovich.

The company anticipates hiring additional product development and marketing personnel in the future and is currently accessing facility needs. As XsunX continues to work toward the development of innovative new thin-film photovoltaic technologies, the company anticipates providing announcements related to initiatives for high efficiency TFPV technology later this summer.

XsunX is working to schedule an open line Q&A conference call for the week of June 29th for the investment community to discuss with our executive management team questions pertaining to the Company’s expanded strategic plans and progress. The specific day and time of the conference will be provided to the public as soon as the schedule is finalized.

For more information about XsunX, please visit XsunX Web site: http://www.XsunX.com

March 4, 2009

XsunX Provides Update to Manufacturing Facility Plans

Filed under: XSNX — Tags: , , , , — Jason @ 6:00 am

Wednesday March 4, 6:00 am ET

Company Plans to Reduce Budget Requirements by Two Thirds While Working to Service Existing Sales Agreements

ALISO VIEJO, Calif., March 4 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), a solar technology Company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon, today provided updates to its thin film solar module manufacturing plans, and its review of the investment tax credits related to provisions of the American Recovery and Reinvestment Act of 2009.

“In January the Company began preparing modifications to its manufacturing plans that would require fewer manufacturing components and significantly less capital expenditures with the objective of providing sufficient manufacturing capacities of approximately 10 to 13 MW necessary to service our existing sales contracts,” stated Tom Djokovich, CEO for XsunX. “Our plans include reducing budget requirements to approximately $13 million which is roughly one third our current budget. The majority of cost reductions can be attributed to the need for significantly fewer infrastructure improvements, initial staffing, equipment, and operations related to the cost of goods sold. We believe that this will allow us to continue to add future manufacturing capacities as sales develop and allow the Company to work within the limitations presented by the unanticipated volatility within the financial markets,” concluded Mr. Djokovich.

The Company is also reviewing the renewable energy manufacturing investment credit provisions of the American Recovery and Reinvestment Act of 2009 which provides up to $2.3 billion to fund a 30 percent investment tax credit (ITC) for manufacturing assets used to produce alternative energy products. The bill also offers provisions in which developers of manufacturing facilities can apply for grants of up to 30% of the total cost of eligible projects in lieu of the ITC. These credits and grants apply to projects creating or retooling manufacturing facilities to make components used to generate renewable energy. These are areas in which XsunX is already carrying out activities. Upon completion of the review of the ITC provisions the Company may elect to apply for certain of these benefits.

February 23, 2009

XsunX Highlights Key Provisions Benefiting the Solar Industry in the American Recovery and Reinvestment Act

Filed under: XSNX — Tags: , , , , , — Jason @ 6:00 am

Monday February 23, 6:00 am ET

ALISO VIEJO, Calif., Feb. 23 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon, highlighted today key provisions of the $70 billion USD investment in renewable energy signed into law by President Barack Obama as part of the American Recovery and Reinvestment Act of 2009 which is designed to increase the use of renewable sources of energy, promote energy efficiency and transmission, improve financing options, and removes market barriers all of which are significant regulatory actions that may prove to be beneficial for XsunX and the renewable energy industry.

The bill provides $2.3 billion worth of energy related manufacturing investment tax credits (ITC) at a 30% rate to address current renewable energy credit market concerns. The bill also provides provisions in which developers can apply for grants of up to 30% of the total cost of eligible projects in lieu of the ITC. These credits and grants apply to projects creating or retooling manufacturing facilities to make components used to generate renewable energy. These are areas in which XsunX is already carrying out activities.

“Solar energy plays a significant aspect of the energy future president Barack Obama has cited in his commitment to generating millions of new green collar jobs while building a new energy economy built on clean energy manufactured and produced in America,” commented Tom Djokovich, CEO of XsunX. “Similar to how the burst of the Internet bubble in 2000 did little to prevent the continued rapid adoption of pervasive and efficient new communication technologies, I believe that today’s economic difficulties offset by the new administrations energy policies may allow for the continued rapid adoption of solar as a pervasive and efficient new energy source. At XsunX we remain focused on bringing about the completion of our initial manufacturing facilities in Portland, Oregon, so we may begin filling the orders we have received for our solar modules in 2009 and 2010,” he concluded.

The following are highlights of legislation from the bill for renewable energy growth and in particular solar energy:

* Subsidized Renewable Energy Financing means businesses and individuals can qualify for the full amount of the solar tax credit.
* The Renewable Energy Loan Guarantee Program creates a temporary loan guarantee program for renewable energy projects, renewable energy manufacturing facilities and electric power transmission projects.
* The Renewable Energy Manufacturing Investment Credit provides up to $2.3 billion to fund a 30 percent investment tax credit for manufacturing assets used to manufacture alternative energy.
* New Clean Renewable Energy Bonds provides an additional $1.6 billion for bonds to finance facilities that generate electricity from renewable energy sources including solar.
* Solar on Federal Property appropriates $5.5 billion for expenditures on federal buildings to increase energy efficiency, including installing solar energy equipment.
* The legislation provides $30 billion in energy efficiency measures including the Smart Grid Investment Program to modernize the electricity grid for added reliability and efficiency.
* Qualified Energy Conservation Bonds authorizes $2.4 billion in bonds to finance programs to reduce energy consumption by at least 20% and develop electricity from renewable energy sources.
* Green Collar Jobs appropriates $500 million to fund job training programs in energy efficiency and renewable energy.

A complete copy of the American Recovery and Reinvestment Act of 2009 can be found at the following link, http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h1enr.pdf .

February 18, 2009

Letter to XsunX, Inc. Shareholders Offering a Summary of the Shareholder Conference Call Held February 12, 2009

Filed under: XSNX — Tags: , , , , — Jason @ 6:00 am

Wednesday February 18, 6:00 am ET

ALISO VIEJO, Calif., Feb. 18 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), On February 12, 2009 the Company held a shareholder conference call allowing the executive management the opportunity to address questions pertaining to the Company’s 2008 annual report and efforts to establish its TFPV manufacturing presence. Thank you to the over 120 participants who called in and for those who could not participate due to conflicted schedules this letter will provide an overview on the general topics of discussion.

* Question: Has the Company been reinstated to the OTCBB and has the symbol changed?
o The Company resumed quotation on the OTCBB under its original symbol XSNX on February 5, 2009, three days after filing its annual report for the fiscal year ended September 30, 2008. As of February 5th the “e” and “pk” extensions were both removed from the symbol.
* Question: What caused the delay in filing the annual report, the addition of the “e” to the symbol, and removal from the OTCBB?
o The delay in filing, the addition of an “e” to the symbol, and temporary removal from the OTCBB was related to the unexpected revocation of the Company’s previous auditors’ registration to practice before the PCAOB. The Company could no longer include the audit reports of its prior auditor in the Company’s SEC filings. As a result, the Company was required to retain a new registered auditor and perform an audit not only for the fiscal year ended September 30, 2008 but also for fiscal years 2007 and 2006.
* Question: Is the Company’s manufacturing equipment being built and if so where?
o There are 26 component parts to the TFPV production line supplied from approximately 6 to 7 vendors. Currently 24 of these components are in various stages of assembly at facilities external to the Company’s Wood Village TFPV manufacturing location. These separate components will need to be delivered to the Wood Village facility for final assembly of the components into an integrated TFPV manufacturing line.
* Question: How much cash has the Company raised in 2008, and how was the cash raised put to use in building the facility?
o Of the approximate $8.5 million of equity capital raised in 2008 the Company has applied approximately $5.4 million towards capital expenditures related to the order of manufacturing equipment. Approximately $6 million of the $21 million dollar equity line in place with Fusion Capital has been utilized.
* Question: Does the Company plan to sell more equity to fund the manufacturing facility build out or does it have other plans?
o Management is working to structure financing that would leverage smaller amounts of equity investments to fund general working capital needs while utilizing the value of its existing sales contracts and the collateralized value of its manufacturing equipment to secure debt and/or equipment lease based financing for the approximate $34 million in additional capital necessary to complete the TFPV manufacturing system.

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January 14, 2009

XsunX Announces Sales Contract to Supply 4 Megawatts of its ASI-120 Thin Film Solar Modules

Filed under: XSNX — Tags: , , — Jason @ 6:00 am

Wednesday January 14, 6:00 am ET

XsunX Sales Contracts Grow to 19 Megawatts with a Combined Value of $47 million

ALISO VIEJO, Calif., Jan. 14 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX, XSNXE), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon, announced today that it has entered into a two-year supply contract for the sale of four (4) megawatts of it ASI-120 TFPV solar modules to an Oregon based firm specializing in over 20 years of commercial project development.

“We are pleased to announce continued progress in our business development efforts with this sales agreement to supply 4 megawatts of our ASI-120 TFPV solar modules,” stated Tom Djokovich, CEO of XsunX. “This agreement represents approximately $10 million dollars in total contract value with an initial 2 megawatts slated for delivery in calendar 2009, and the remaining 2 megawatt balance for delivery in calendar 2010. This sales contract underscores XsunX’s efforts to develop business and distribution relationships for its solar products in Oregon and extends to the creation of new jobs in Oregon’s renewable energy sector,” concluded Djokovich.

December 22, 2008

XsunX Provides Overview on Positive Developments for the Renewable Energy Industry

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

Monday December 22, 6:30 am ET

ALISO VIEJO, Calif., Dec. 22 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), a solar technology Company engaged in the build-out of its multi-megawatt amorphous thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon, provides a look into 2008’s initiatives, legislation, and events set to positively impact the Renewable Energy Industry and reduce dependence on carbon based fuels.

— In October, the 30-percent Federal Investment Tax Credit (ITC) was extended for 8 years. Important to this extension was the removal of the low monetary caps for residential installations. Also, for the first time, publicly regulated utilities, an XsunX target market, can now monetize the ITC making direct investment by utilities into solar project assets less costly.

— In November, the Environmental Protection Agency (EPA) appeal’s panel rejected a permit for a new coal-fired power plant in Utah. Similarly, in 2007 the Kansas Department of Health and Environment denied permits for two large coal-fired units. Each of these decisions relates to curbing greenhouse gas pollution, putting in question the future of new coal plants throughout the country that do not curb CO2 emissions. This raises an issue of national scope, as coal fired plants account for over one half of domestic electrical power production while emitting over 1/3 of CO2 emissions.

— In December, California announced its goal requiring that new residential developments achieve net-zero-energy status by 2020 with new commercial developments requiring net-zero-energy status by 2030. Governor Schwarzenegger also issues an Executive Order requiring that California utilities reach 33% electrical energy production from renewables by 2020.

— The Obama administration’s Renewable Energy Plan includes calls for ensuring 10% of USA electrical production coming from renewable sources by 2012, 25% by 2025, and creating 5 million new jobs by strategically investing $150 billion over the next 10 years in efforts to build a new energy economy and clean energy future.

“As the costs for pollution emitting sources of electrical production continue to rise for utilities, and consumers alike, solar energy continues to become a significant part of America’s energy future, attracting investment, expanding manufacturing capacities, and lowering the cost of solar produced electrical energy to consumers,” stated Tom Djokovich, CEO for XsunX. “The trend toward building a new energy economy and clean energy future is clearly building momentum. At XsunX we remain focused on working to complete the assembly of our initial manufacturing facilities in Portland, Oregon USA and to begin filling the orders we have received for our solar modules in 2009 and 2010,” he concluded.

November 25, 2008

XsunX Announces Sales Contract to Supply 15 Megawatts of Its ASI-120 Thin Film Solar Modules

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

Tuesday November 25, 6:30 am ET

ALISO VIEJO, Calif., Nov. 25 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon, announced today that it had entered into a two-year supply contract for the sale of fifteen (15) megawatts of it ASI-120 TFPV solar modules to a full service solar power company specializing in commercial and solar farm projects located in the California and Hawaiian markets.

“We are pleased to announce this sales agreement to supply 15 megawatts of our ASI-120 TFPV solar modules,” stated Tom Djokovich, CEO of XsunX. “This agreement represents approximately $37 million dollars in total contract value with an initial 5 megawatts valued at $13 million slated for delivery in calendar 2009, and the remaining 10 megawatt balance for delivery in calendar 2010. The recent passage of an eight year extension to the 30% Federal Investment Tax Credit is spurring renewed vigor in solar project demand and we are working to fill our projected production capacity over the next several years with additional purchase agreements,” concluded Djokovich.

For more information about XsunX, please visit XsunX Web site: http://www.XsunX.com

Contact: For XsunX, Inc. Investor Relations Tel: (888) 797-4527

For XsunX, Inc. Media Relations Tel: (949) 330-8065

October 20, 2008

Spire Corporation and Shuttleworth Inc. Components to Complement XsunX TFPV Manufacturing System

Filed under: SPIR, XSNX — Tags: , , , — Jason @ 6:00 am

Monday October 20, 6:00 am ET

ALISO VIEJO, Calif., Oct. 20 /PRNewswire-FirstCall/ — XsunX, Inc. (XSNX), a solar technology company, announced today that it has entered into an agreement with Spire Corporation (SPIR) and Shuttleworth Inc., who will provide components to complement the company’s TFPV manufacturing system.

Spire Corporation will supply solar module laminating, wiring, and test equipment for use in the packaging or “back-end” portions of the Company’s 25MW Thin Film Photovoltaic (“TFPV”) solar module assembly process. Shuttleworth, Inc., located in Huntington, Indiana will provide the material handling and automation systems necessary to interconnect the various twenty- two processes of the Company’s manufacturing system into a continuous TFPV solar module assembly line. When fully operational the a-Si PECVD deposition system is designed to process eighty eight 1.6 m² glass panels simultaneously with eight solar panels moving into the back-end testing and packaging portion of the manufacturing line every twelve minutes. With the aid of the Spire and Shuttleworth systems the solar module final assembly process is designed to complete the assembly of an XsunX ASI-120 solar module every ninety seconds.

While the overall design of the XsunX system is proprietary to XsunX certain of the system providers selected by XsunX also supply components to well know semi-conductor systems manufacturers. “We’ve endeavored to leverage the previous solar commercialization experience and success of our senior engineering and scientific staff with that of proven vendors for the design of our TFPV manufacturing system,” stated Mr. Tom Djokovich, CEO for XsunX. “The outcome we believe is an overall TFPV manufacturing system cost close to one third the costs for delivery of a system from prominent semi-conductor manufacturers. We see this as a significant advantage resulting in lower start up, expansion, and system replication costs,” concluded Mr. Djokovich.

For more information about XsunX, please visit http://www.XsunX.com

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