XsunX Secures Two Large Commercial Solar Projects
Company's Recent Strategic Expansion of Operations to Include Direct Design and Construction of Solar Carport Systems Continues to Drive Business Development
Marketwired XsunX, Inc 42 minutes
ALISO VIEJO, CA--(Marketwired - Jun 2, 2015) - XsunX, Inc. (OTC PINK: XSNX), a leading solar power solutions provider, announced today that it has signed contracts to design and build two commercial solar systems in the Southern California region valued at approximately $650,000.
An executive office facility in Anaheim, CA contracted the Company to install a 160kW solar carport system designed to offset approximately 80% of their current energy use. The operating cost savings, and investment benefits, allow the system to provide a 100% return on investment in just over four years, while continuing to provide over $1 million in cost savings through the warranted life of the system.
Shortly following the 160kW agreement, XsunX signed a contract with a Japanese automation systems manufacturer to implement a 78kW rooftop solar system. This system offsets approximately 75% of energy use, achieving a 100% return on investment in just over three years while also saving the customer nearly $600,000 in electrical expenses over the warranted life of the system.
These two deals, in addition to many more in the business development pipeline, are indicative of the momentum achieved by providing excellent customer service and cost-efficient pricing. Specifically, the Company's recent strategic expansion of operations to include direct design and construction of solar carport systems continues to pay dividends for XsunX, as it has provided the capabilities needed to offer larger and diverse solutions with excellent investment economics for clients. This has resulted in interest from a number of organizations, including non-profits, automotive sales dealerships, and niche facilities, such as a southern California brewery.
"XsunX continues to leverage its background in construction to achieve the lowest price points for our customers," said Tom Djokovich, CEO of XsunX, Inc. "As a result, we are quickly establishing ourselves as one of the most cost efficient solar providers for rooftop, as well as carport, solar systems. This, coupled with our reputation for transparency and no 'hidden costs,' has resulted in continued revenue growth for 2015."
