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

Tue Jul 14, 2009 6:30am EDT
 
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XsunX Unveils New Plan to Revolutionize the Solar Industry with Breakthrough
Cross-Industry Technology
Mass Production Technology to Bridge Gap Between Inexpensive Thin-Film and
Higher Efficiency Silicon Wafer Technologies

ALISO VIEJO, Calif., July 14 /PRNewswire-FirstCall/ -- XsunX, Inc. (OTC
Bulletin Board: 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 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.

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


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.


SOURCE  XsunX, Inc.

For XsunX, Inc., Investor & Media Relations, +1-888-797-4527

 

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