Solar Stock XsunX, Inc. (OTCQB: XSNX) Update: 750 kW in Proposals Going Out - More Projects in Review
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New York, NY, Point Roberts, WA - September 16, 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 750 kW in Proposals Going Out - More Projects in Review.
Tom M. Djokovich, CEO of XsunX, Inc. (OTCQB: XSNX) said in the corporate/ industry update:”
At the start of the month, we outlined how September's marketing and sales efforts would focus on supporting and meeting with prospective customers for our CIGS manufacturing technology, and that we would be responding to solar power system development quote requests for commercial and utility scale projects.”
So far, September has been busy in a very good way. Progress filling our solar power system development sales pipeline is picking up steam very nicely with three projects totaling nearly 750 kW (about ¾ of a megawatt) for commercial and industrial projects now in the proposal stage - exciting stuff.
There are more projects pending that we have been asked to bid on as they become ready for the engineering, systems procurement, and the construction phase. Additionally, in an effort to try to develop as much sales opportunity as possible, we are not just waiting on projects to come our way, but have also begun reaching out to land owners we know to offer free solar development feasibility assessments of properties they hold.
On the CIGS manufacturing equipment side of operations, we have an on-site meeting with an African based client scheduled for this week, and last Thursday we delivered to a Caribbean based client an extensive package of specifications and financial benefit outlines they requested to allow them to better qualify for government support in their region.
Overall, our expansion into solar project construction and development has started with strong momentum and we are excited about the opportunity to grow sales and operations through these new efforts. With USA solar installation up over 30% in the first quarter and increasing another 15% in the second quarter, our focus is to use the increase in awareness of solar's affordability to load the sales pipeline with commercial, industrial, and utility scale projects.
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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