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XsunX Adds New Manufacturers to Products Development Program
Expansion Marks Continued Progress in Business Development for XsunX
Aliso Viejo, CA, December 1, 2005 – XsunX, Inc. (OTC BB: XSNX), developer of Power Glass™ -- an innovative thin film solar technology that allows glass windows to produce electricity from the power of the sun, announced today that it has expanded the number of product development relationships it has with manufacturers of glass and thin films products.
This expansion is part of a program launched in May in which the Company began working with a select number of manufacturers in the glass, thin films, and automotive industries whose creativity and innovative ideas could help drive the development of exciting applications for Power Glass™ photovoltaic thin films. The Company is providing these manufacturers with samples of Power Glass thin films and plans to adapt the on-going results of these working relationships into its manufacturing process line to meet the needs of its future licensees.
“It is exciting working with manufacturers and seeing how they envision the use of our Power Glass films in their products to bring additional function and value to their product line,” stated Tom Djokovich, CEO of XsunX. “Working with manufacturers also marked the expansion for us from pure R&D operations into the business development arena. Although we still have more work to complete before we can begin licensing efforts, our entire team is committed to driving these product development tests into revenue producing relationships as soon as possible,” concluded Mr. Djokovich.
About XsunX
Based in Aliso Viejo, California, XsunX is the developer of Power Glass - an innovative solar technology that allows glass windows to produce electricity from the power of the sun. This proprietary process is intended to allow manufacturers to apply a transparent and photovoltaic glazing to glass and other transparent substrates. When XsunX glazing is exposed to light, the light energy is converted into electrical energy for use as a power source. XsunX believes that its solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets. Please visit the Company's website for more information: http://www.XsunX.com
CONTACT:
XsunX, Inc.
Media Relations
(949) 330-8060
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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