XsunX, Inc. - Solar Products for Life on Earth

XsunX, Inc. (OTCBB:XSNX.OB) is working to provide a clean and capital efficient solution for the mass production of the highest efficiency, lowest cost CIGS thin-film solar cells using our new CIGSolar™ technology.

Symbol: OTC.BB: XSNX.OB

Sector: Renewable Energy

SEC Filings: Details

Website: xsunx.com

Twitter: twitter.com/XsunXINC

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XsunX, Inc. Company Profile:

Based in Aliso Viejo California XsunX, Inc. is a public reporting company, trading on the Over the Counter Bulletin Board market (the OTCBB) under the symbol XSNX.OB.

We are developing CIGSolar™, a new hybrid manufacturing solution to produce high performance thin-film CIGS solar cells. These CIGS solar cells may soon offer a non-toxic, high-efficiency and lowest-cost alternative to the use of silicon solar cells currently used to manufacture nearly 80% of all solar modules manufactured world wide.

Our CIGSolar™ solution offers the potential to revolutionize the solar industry with the highest yield CIGS manufacturing technology available in the market today that combines robust state-of-the-art magnetic media manufacturing technologies derived from the hard disc (HD) media industry with proprietary thin film solar manufacturing processes. Our development efforts have demonstrated this breakthrough cross-industry concept will:

Improve CIGS solar cell efficiency which will lead to lower per watt production costs by offering tighter process controls through the use of highly efficient small-area (about 5”x5” square) solar cell processing techniques that reduce defects to the cell structure;
Provide multi-megawatt production rates through the use of high-rate material processing and handling technologies adapted from the HD industry in a setting that allows for the simultaneous processing of multiple individual CIGS solar cells, a material management design statistically proven to have improved yields and lowered costs within the HD industry;
Increase production yields through the use of thin yet durable metallic substrates to avoid breakage loss, a dilemma posed to the silicon industry as solar cells grow increasingly thinner, and
Offer solar cell and solar module manufacturers an opportunity to reduce per megawatt capital investment and per watt product production costs while achieving sustainable differentiation in the highly competitive solar market. Executing a business model popularized by the semiconductor and electronics industries, we are focused on the development of this breakthrough solar manufacturing technology, and will license this proprietary technology to create joint venture business agreements employing the use of our CIGSolar™ technology. We believe that this approach allows for a high degree of flexibility and continued innovation while leveraging the full value of existing markets developed by our joint venture partners.

Technology:

XsunX Differentiation – Eliminating the Variables

Current techniques for the production of CIGS thin films do not leverage small area, high throughput, production technologies which 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. While CIGS holds the record for best thin film cell performance at nearly 20% in smaller area devices, scaling these laboratory results to large area devices have proved costly and difficult, resulting in much lower product efficiencies. Quality is sacrificed for quantity and the net results are products that deliver only fractions of the CIGS potential.

By reducing process variation and defects to the solar cell that have occurred when manufacturing processes have been scaled to large areas XsunX believes that the capability to directly transfer laboratory results and processes, or to improve and optimize processes in smaller areas, will allow commercial scale production to achieve or maintain improvements to the physical properties and efficiencies of the CIGS cell.

Using small substrates, the US National Renewable Energy Laboratories routinely achieves high efficiencies for CIGS with 19.9% peaks. Common sense then dictates that if you already have a process in place that is delivering high efficiency results you should then focus development of a method to put the process to work making millions of high performance solar cells per year per system.

Our revolutionary method combines the higher cell efficiencies that can be achieved through small area (about 5" squares) processing techniques 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 thereby resulting in lower production costs while still delivering the full energy and low cost potential that CIGS based devices can offer.

What Has Held CIGS Back From Market Dominance?

Inability of manufacturers to transfer laboratory results to large area processing
All efforts have focused on large area processing or continuous moving substrates
All efforts to date have left nearly 100% of the potential performance behind
Primary cause are pinholes and defects to the solar cell structure caused by inability to control large area process and contamination

CIGSolar™:

XsunX CIGSolar™ - Leveraging Existing Technologies and Developing Partnerships to Minimize Risk and Expedite Time-to-Market

We are working to complete an entirely new and proprietary manufacturing process that delivers high rate, high efficiency, and low cost thin film CIGS solar cell manufacturing solutions to produce low cost CIGS products. We call our new technology CIGSolar™ and these systems will initially produce 125mm format (about 5” squares) solar cells, eventually scaling to 156mm and 210mm formats (about 6” and 8” squares). It is the ability of our system design to achieve exceptional per hour production rates that we believe will provide superior commercial opportunities. Our CIGSolar™ cells will be manufactured on stainless steel foil and are similar in size to silicon solar cells used in nearly 80% of all solar modules manufactured today. System features and advantages include:

Proven High Rate Systems

Performance: Significant aspects of the CIGSolar™ system architecture is derived from proven hard disc drive deposition systems that account for the production of over 600 million disks per year – equivalent to nearly 1.8 GWp per year if this output were solar cells.
Factory Efficient and Flexible: Small system footprint allows for increased Megawatt (MW) production per factory square foot. A 100MW line could be installed in the same space required for a 25MW thin film amorphous silicon production line. This represents a marketable advantage for CIGSolar™.
Multi-Industry Solution: A CIGSolar™ system, an innovative solution which can produce just solar cells or complete solar modules, offers opportunities for manufacturers seeking:

To provide a low cost per watt drop in replacement for Poly-Si or c-Si silicon wafers to a large group of existing solar module assemblers
BIPV products that require the use of small or flexible solar cells that can be adapted for use in a multitude of different shaped and sized solar BIPV products

Low Per Watt Costs: XsunX has estimated that based on only 12% efficiency, far from the near 20% potential of CIGS, the per watt factory productions cost for solar modules could approach $.80 cents per watt. This provides near silicon efficiencies at significantly lower cost.

Managment:

Tom M. Djokovich, CEO,
Finance and Administration, and Director

An experienced professional, Mr. Djokovich joined XsunX in October 2003 as CEO. He leads XsunX's business and solar technologies development efforts. Mr. Djokovich provides XsunX with over 5 years of thin film solar development experience and 30 years of executive management and entrepreneurial experience managing growth and innovation in both the high-tech and building industries. He is a veteran manager of publicly held corporations and has successfully attracted tens of millions of dollars in capital investments for business development.

Mr. Djokovich other duties include management of securities compliance, internal controls, and public relations for XsunX. He has also served on XsunX’s Board of Directors since 2003.