[November 09, 2004] Rolls of Thin-Film Semi-Transparent Solar Cells May Hold Promising Commercial Future; XsunX Continues To Build On Development Success ALISO VIEJO, Calif. --(Business Wire)-- Nov. 9, 2004 -- XsunX, Inc. (OTCBB:XSNX), developer of Power Glass(TM) -- a breakthrough solar technology that allows windows to produce electricity from the power of the sun, announced today that their phase two development program is now moving to the development and testing of their process on thin film plastics. Recent success in the development of large area monolithic cell structures on glass surfaces has prompted the development move in advance of previous plans. This area of research and development represents significant commercial importance for the company. By combining the ability to manufacture semi-transparent solar cells on thin-film inexpensive plastics with the use of patented reel-to-reel cartridge manufacturing systems, the commercial viability gains may be significant. "Our goal is to deliver a process that allows for the simultaneous manufacture of multiple rolls of thin film plastics coated with our high quality semi-transparent solar cell design," stated Tom Djokovich, CEO of XsunX. "This would provide manufacturers with scalable opportunities to deliver Megawatts of energy producing solar cell coated plastic films for use in the world-wide glass and building materials industry." The Company plans to provide methods for integrating renewable energy sources into living and working environments, without causing disruptive and costly changes to lifestyles, are finding timely opportunities. Recently, the rapid rises in energy costs and security concerns have gained public and political attention spurring a multitude of increased government sponsored conservation and alternative energy initiatives on a global scale. In Spain, the government recently mandated that, beginning in 2005, the integration of solar energy systems will be mandatory in all new buildings. Spanish government estimates predict a ten fold increase in installed systems within ten years, expanding the total of installed PV to nearly six million square meters. Initiatives, such as the one in Spain and others world-wide, are helping to promote and foster changes in how businesses, building developers and communities are planning to meet the energy demands of the twenty-first century. About XsunX Based in Aliso Viejo, California, XsunX is in the business of developing, commercializing and licensing processes for the manufacture of semi-transparent photovoltaic glazing technologies. XsunX has developed Power Glass(TM) -- a breakthrough solar technology that allows glass windows to produce electricity from the power of the sun. XsunX is leveraging its broad portfolio of patents to commercialize Power Glass(TM) technology as the solution for integrating renewable power generating properties onto millions of square feet of modern architectural glass and building facades. XsunX believes that Power Glass(TM) technology can provide an ideal solution for the wide scale integration of real energy producing products into living and working environments -- all without causing disruptive and costly changes to lifestyles. Please visit the Company's website for more information: 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. [ Back To TMCnet.com's Homepage ]