Solar Stock XsunX, Inc. (OTCQB: XSNX) Industry Update: U.S. Market Installs 723 Megawatts in Q1 2013; Grows 33% Over Last Year
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New York, NY, Point Roberts, WA - September 4, 2013 (Investorideas.com renewable energy newswire) Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks, issues a corporate and industry update for solar stock, XsunX, Inc. (OTCQB: XSNX), entitled U.S. Market Installs 723 Megawatts in Q1 2013; Grows 33% Over Last Year.
Tom M. Djokovich, CEO of XsunX, Inc. (OTCQB: XSNX) said in the corporate/ industry update:
"As the headline above from a report offered by the Solar Energy Industries Association (SEIA) outlines, the solar industry is making tremendous and significant progress not just as a viable power production source, but as a sales and revenue source as well."
For XsunX, this type of growth domestically, in addition to growth occurring internationally, provides an immense opportunity for the Company to diversify and leverage its knowledge and extensive contact base in the PV industry.
Over the past several newsletters, we have been outlining how XsunX is expanding our marketing and sales efforts to add solar business solutions to our service offerings. With these additions, we are working to take advantage of new sales and revenue generating opportunities.
As we move into September, our sales efforts will be multi-pronged. We will be working and meeting with prospective customers for our CIGSolar® manufacturing technology, and responding to quote requests for commercial and utility scale projects.
We believe that this expansion will increase exposure of our CIGSolar® and technology offerings, improve our opportunities to generate revenues in the near term, and by generating revenues, may reduce or eliminate dependency on equity capital to fund operations - a positive for all shareholders.
For more information on what we are doing, you can view a recent interview from last Friday on MoneyTV with our CEO, Tom Djokovich here.
In regards to updating the web site: our web designer is back from vacation and we are making good progress with the updates and plan to launch in the near future.
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 CIGSolar® technology.
For more information please call XsunX at 888-797-4527, or visit the company's website at www.xsunx.com
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