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XsunX Future Looks Bright:
Company Rolls Out New Solar Power Project Development Services This Week
Aliso Viejo, CA - October 16, 2013 - XsunX, Inc. (OTCQB: XSNX), a renewable energy technology, systems, and services company, today announced the launch of its planned business expansion to include solar power project development and construction services.
"We have some good news - our business expansion into solar power project development and construction services received the necessary California state licensing this week. The approved license is the last milestone necessary for us to initiate this new program and publicly market these services. We are very hopeful about closing solar project deals soon," stated XsunX CEO, Tom Djokovich.
The Company's efforts are aimed at expanding operations to take advantage of the revenue opportunities for solar power systems development. The current market trends indicate high growth occurring in the solar power market. However, the realities are that the solar industry is still only scratching the surface of a vast solar power growth opportunity and the Company believes that this is a good time to enter the solar power project development and installation market.
An added benefit making this business expansion a more natural fit for XsunX is that the Company's management has extensive solar technology, construction, and project development experience as well as a finance background. This depth of knowledge provides the Company with the experience and expertise necessary for expansion into these added operations.
Building up to this launch, XsunX has been in discussions and reviewing solar power system projects totaling nearly 750 kW (about ¾ of a megawatt) for commercial and industrial sites. "Now that we are licensed we can work towards closing these deals and turning our new business development efforts into a success," concluded Mr. Djokovich.
About XsunX
XsunX focuses on providing solar energy solutions that provide the greatest bottom-line financial benefits. The Company's background and experience spans virtually all aspects of solar including technology assessment, design, and development. We have a deep passion for solar and have worked to pioneer new technologies and solar business solutions focused at making solar an affordable energy option. For more information please visit the Company's website at www.xsunx.com.
Company Contact:
Tom Djokovich, President and CEO
949-330-8060
info@xsunx.com
king, been convinced for years now...holding 750K shares
OK, now we can begin... :)
swiamca, READ the first paragraph here regarding concealed, suppressed, etc patents...
You CAN Suppress a patent as long as it is filed as a U.S. Patent, international patenting is different. The reason to do this is to protect yourself against your competitors...it happens all the time...
http://www.uspto.gov/web/offices/pac/mpep/s2138.html
copy and paste the link...
now, go sit down...class dismissed.
Ok, swiamca, first lets answer the question as to whether or not YOU have any patents...I have 3 in my name. As to the validity of secrecy when filing a patent, I won't answer that for you because it seems no matter what I tell you, you want to argue, so contact a Patent Lawyer and ask if it is possible...answer will be yes.
This is a board for shareholders who believe in the direction of this company--it appears that you may not be a holder, and if you are, you are not extremely bright. Look at it this way, if you owned a company, would you take out Ads in the paper and throughout the media that trash your own company? Hopefully the answer you have in mind is NO. Yet, you say you have a vested interest in this company and spend your time here (and maybe elsewhere) trashing the company.
Not sure what your intentions are, but if you are a shareholder, you should either bite your tongue or sell your sell your shares...its YOUR money that you are willing to lose.
info on patent...
Hello,
At the time we filled the patent application we requested that it not be published during the review process. That prevents the competition from seeing what we are doing. The application is not visible in the PTO data base. We have emailed our IP lawyer to get an update on the status.
Best Regards,
XsunX Investor Relations
65 Enterprise Aliso Viejo CA 92656
I can understand their concerns and feel they are warranted in their decision to keep things confidential
swiamca, the CIGS vs silicon is basically what I was trying to point out--when technology advances, processes typically change and so do materials. Silicon is expensive, but will eventually come down once the technology pushes away from it and the demand drops.
As for the patent, it may be held under one of the individuals within the company--not sure...I would have to do a search...contact Tom and ask...I would like to have this info as well.
Guay, nice post from you as well, but you are dealing with old technology...silicon. the cost is prohibitive for most.
http://www.pv-tech.org/news/eu_pvsec_imec_and_meco_present_high_efficiency_i_perc_type_silicon_solar_ce
excerpt: The resulting i-PERC solar cell achieved an average efficiency of 20.5% on more than 100 cells with a very low standard deviation of only 0.1% and an average fill factor of 80%, validating the high quality of the front contacts.
“We now have the advantage of using Meco’s industrial plating techniques and tools that were not available to earlier Ni/Cu adopters,” said Richard Russell, metalization module leader at imec. “This gives us the opportunity to develop a more robust and cheaper process than was previously possible.”
Please note that they have not developed the process...anyone in the industry can produce a prototype that is carefully handmade and crafted to produce the efficiencies stated, but the trick is to make or develop a process that repeats that for mass production...and keep in mind they are producing this with expensive silicon...
So the technology at XSNX for "thin-film" exceeds that of Solar Tech...and we all know that the end result should be thinner, replaceable, flexible, highly efficient panels...not the old technology that Solar Tech is producing...and for the Solar Tech thin film, its efficiency is much less...6-11%
BTW, shouldnt you be on the Solar Tech message board...or are you looking to scare up shares...
best to you
Swiamca, nice post, but their thin film effiency is way less than that of XSNX...read below for the information taken from the Solar Tech webpage:
http://us.sunpowercorp.com/solar-resources/how-solar-works/solar-technologies/
Thin Film Solar Panels: A Flexible Solar Solution
What It Is. Thin film photovoltaic solar panels convert sunlight to electricity like conventional PV panels, but they are typically thinner and more flexible. Generally, the semiconductor layers on thin film solar panels are only a few millionths of a meter thick, although the name "thin film" comes from their production process and not from thickness.
What to Expect. Thin film solar technology is, however, less efficient than conventional solar panels due to how they are created and the elements in use. Subsequently, thin film solar panels only reach 6% to 11% efficiency and will require more roof space to produce the same amount of electricity as conventional PV solar panels. Typically, thin film solar technology's best use is for commercial buildings with lots of rooftop space. Installation time and costs can also be higher with thin film because more solar panels and mounting materials need to be installed to meet the same output as conventional crystalline silicon PV solar panels.
XsunX, Inc. Newsletter
Aliso Viejo, CA - October 1, 2013
Scratching the Surface of a Vast Solar Installation Opportunity
Good Morning,
September was an important month for us. We have been busy working to complete the licensing process for our newly added solar system installation and development efforts, meeting with potential clients, and developing plans to qualify and establish access to direct solar project funding that would enable us to underwrite our own projects.
Our efforts are aimed at expanding operations to take advantage of the revenue opportunities for solar installation and project development. The market evidence shows high growth occurring in the solar project development market, but the realities are that the industry is still only scratching the surface of a vast solar installation opportunity and we believe that this is a good time to enter this market.
An added benefit making this business expansion a more natural fit for XsunX is management's extensive solar, construction, project development, and finance background, which provides the Company with experience and expertise necessary to these new operations. We are also leveraging management's years of construction design and build experience towards developing new solar system installation ideas that we believe may provide us with some unique marketing capabilities in the commercial and industrial installation market.
Overall, we are very excited about the progress we are making, the opportunities to generate sales, and the growth potential these added business development efforts provide XsunX.
For more information on what we are doing, you can view a recent interview from last Friday on MoneyTV with our CEO, Tom Djokovich here.
Thanks for your time and have a great week.
Tom Djokovich, CEO
King and others...
Always remember that while Hunter may have shown a disliking to this stock, he does have a reason for it. The management has not done what they promised in the past and it can sour a persons outlook on a stock after a long period of time.
Me, I am only sitting on a little over 600,000 shares and will hold for news, but even I have had to write a letter or two to management and let them know how dis-satisfied i was with the lack of news.
Dont bash Hunter for taking a stand--what goes around comes around folks.
Company update...
XsunX, Inc. Company Update
Aliso Viejo, CA - September 16, 2013
750 kW in Proposals Going Out - More Projects in Review
Good Morning,
At the start of the month, we outlined how September's marketing and sales efforts would focus on supporting and meeting with prospective customers for our CIGS manufacturing technology, and that we would be responding to solar power system development quote requests for commercial and utility scale projects.
So far, September has been busy in a very good way. Progress filling our solar power system development sales pipeline is picking up steam very nicely with three projects totaling nearly 750 kW (about ¾ of a megawatt) for commercial and industrial projects now in the proposal stage - exciting stuff.
There are more projects pending that we have been asked to bid on as they become ready for the engineering, systems procurement, and the construction phase. Additionally, in an effort to try to develop as much sales opportunity as possible, we are not just waiting on projects to come our way, but have also begun reaching out to land owners we know to offer free solar development feasibility assessments of properties they hold.
On the CIGS manufacturing equipment side of operations, we have an on-site meeting with an African based client scheduled for this week, and last Thursday we delivered to a Caribbean based client an extensive package of specifications and financial benefit outlines they requested to allow them to better qualify for government support in their region.
Overall, our expansion into solar project construction and development has started with strong momentum and we are excited about the opportunity to grow sales and operations through these new efforts. With USA solar installation up over 30% in the first quarter and increasing another 15% in the second quarter, our focus is to use the increase in awareness of solar's affordability to load the sales pipeline with commercial, industrial, and utility scale projects.
For more information on what we are doing, you can view a recent interview from last Friday on MoneyTV with our CEO, Tom Djokovich here.
Thanks for your time and have a great week.
Tom Djokovich, CEO
Latest Newsletter...more to come...
XsunX, Inc. Newsletter
Aliso Viejo, CA - August 15, 2013
Company Shareholder Update
New Marketing Efforts Showing Positive Early Results
Good Morning,
In last week's update, we outlined how XsunX is expanding our marketing and sales efforts by adding solar business solutions to our service offerings. The goal is to adapt to changing market conditions and make it easier for customers to say "yes".
The good news is that our target audience understood the message and we have already received inquiries. We have begun discussions with customers responding to our expanded service offerings. Although this is just the beginning, we are off to a good start and we plan to keep the focus on these emerging opportunities. The goal is to increase the number of opportunities in our sales pipeline and to start closing deals as soon as possible.
So "why are we expanding our marketing vision?" Because the solar market was turned on its head over the last few years and the next wave of solar investors are both customers and investors in solar opportunities who are looking for more than just a single piece of a technology puzzle. Many of the customers we have spoken to have new business models and they are looking to fill needs in their markets pragmatically.
The purpose of our solar service additions is to adapt to customers' needs, make it easier for them to do business with us, and to offer a broader range of services and products attractive to new customers with the goal of making sales.
So far, early results are very positive and we are working on more ways to broaden our revenue possibilities. For more information on what we are doing, you can view a recent interview from last Friday on MoneyTV with our CEO, Tom Djokovich here.
Thanks for your time and we hope to provide more updates on these efforts in the near future.
Tom Djokovich, CEO
King, the excerpt from the article that I liked the most stated that it was the specific technology that was the interest:
As of May 2013, all 21 MENA countries have renewable energy targets (19 of which have specified targets by technology), up from just five countries in 2007. If realized, the targets would result in 107 GW of installed renewable power capacity in the MENA region by 2030. Saudi Arabia alone is aiming for a staggering 54 GW of renewable energy capacity by 2032, with 16 GW coming from solar PV projects.
Solar has been around for a long time, but new technologies specific to solar are few and far between...
thanks for the link...
XSNX newsletter:
XsunX, Inc. Newsletter
Aliso Viejo, CA - August 6, 2013
Company Shareholder Update
Expanding Marketing and Sales Efforts
This week's update outlines how XsunX is expanding marketing and sales efforts through the addition of services to better respond to and attract customers.
Over the course of this year, what we have learned from potential customers contacting us, and those we are currently working with, is that they are looking for added business support and are willing to invest in more than just technological innovation.
They are in need of the skills necessary to evaluate, implement, and execute their business objectives. We see this as an opportunity and have worked to address this need by expanding well beyond the traditional marketing of our CIGSolar® systems into a more holistic business solutions approach.The focus of our efforts is to offer an integrated technology and business solution that will make it easier for customers to say "yes."
Since most of the customers we are working with are in emerging markets, we have found it of critical importance to dig into our corporate knowledge base and to extend to them the years of experience we have in working with government agencies, qualified vendors, as well as a wide variety of funding agencies, both private and public. Fortunately, we have developed robust business models, financial forecasting tools, and sophisticated factory models that can aid them in this difficult and complex process.
Of interest to our shareholders is the expanded services consulting platform that emerges from these marketing and customer business development relationships. What we are learning is that by tightly coupling integrated technology and business solutions to include:
• The entire value chain from start-up requirements and documentation,
• The World Bank and OPIC application assistance,
• The business specifics involved with starting new factories,
• The production of solar cells,
• Module assembly,
• And even installation of modules for solar electricity generation in solar farms,
We believe will broaden the customer's value perception of XsunX and make it significantly easier for the customer to invest in XsunX solutions.
We are preparing updates to our web site to communicate these services and capabilities to our target customer groups, and plan to have them completed this month. We will send out updates as soon as we are done.
Thanks for your time.
Tom Djokovich, CEO
Envigado, the shareholder's have been hammering on Tom for a bit of insight into the PPS drop. The response that was posted was to give that insight without necessarily giving any information before a press release could be drafted and released. They would be in violation of SEC rules if they leaked information--they can however let the investors know the status of the progress they are making.
I, among many, have sent many emails to Tom and have posted a few of them here. I did send an email to them regarding the PPS drop and my concern regarding what I considered their "lack of action" to thwart the PPS drop, which I felt could easily be overcome with updates of the work in progress. Look at it this way, all of us investors are like the kids in the backseat of a car on a long trip...we are constantly asking "are we there yet?"
When we do arrive, it will have been WELL worth the trip.
Best to you.
XsunX, Inc. Newsletter
Aliso Viejo, CA - July 30, 2013
Company Shareholder Update
Good Morning,
The last week the market for XSNX stock was like a roller-coaster ride. As you can imagine, we have received emails and calls asking what was happening or what had changed to cause this volatility.
We wanted to provide this brief update to inform you that all information in our previous several newsletters is still accurate. We have been achieving good results with our CIGSolar® evaporator and last week we received encouraging updates from our customers in Africa and the Caribbean. They outlined how they were making good progress towards establishing the government and regional support they needed to launch their CIGSolar®
operations.
The last month, we have been busy and there is too much to pack into a single newsletter. So we are planning on providing several updates on planned operations, expanding marketing and sales efforts, and how we are working to take advantage of the building momentum in the PV installation market in newsletters over the next couple weeks.
In addressing the volatile market for our common stock, the simple fact is that occasionally there are more sellers than buyers. Sometimes sellers, such as larger investors, convertible note holders, etc., buy and resell with less regard for what the company is doing, what may be pending, or what might happen in a day, a month, or whenever. In addition, we wanted to ensure you that we do not share confidential information with investors of any type outside of our newsletters, press, or filings before we share it with you, all of our investors, first.
Thank you for time and keep an eye out for more info and updates over the next couple of weeks.
Thanks for your time.
Tom Djokovich, CEO
OhMy, what was the contents of the fax...
While I am not a big proponent of new shares being issued, I feel in this case that the shares will be used for further enhancing the share price through future plans...we should begin to see more interest in the company now...currently, there appears to be over 16,000 investors in this company...
from the recent Schedule 14C: this should ease any fears that may exist--the shares are there to be used for future needs and may not even be utilized...
Effects of the Increase in Authorized Common Stock
The additional shares of Common Stock will have the same rights as the presently authorized shares of Common Stock, including the right to cast one vote per share of Common Stock. Although the authorization of additional shares will not, in itself, have any effect on the rights of any holder of our Common Stock, the future issuance of additional shares of Common Stock (other than by way of a stock split or dividend) would have the effect of diluting the voting rights and could have the effect of diluting earnings per share and book value per share of existing stockholders.
At present the Board of Directors has no plans to issue the additional shares of Common Stock authorized by the Amendment. However, it is possible that some of these additional shares could be used in the future for various other purposes without further stockholder approval, except as such approval may be required in particular cases by our charter documents, applicable law or the rules of any stock exchange or other quotation system on which our securities may then be listed. These purposes may include: raising capital, providing equity incentives to employees, officers, directors or consultants, establishing strategic relationships with other companies, and expanding the Company’s business or product lines through the acquisition of other businesses or products.
We could also use the additional shares of Common Stock that will become available pursuant to the Amendment to oppose a hostile takeover attempt or to delay or prevent changes in control or management of the Company. Although the Board’s approval of the Amendment was not prompted by the threat of any hostile takeover attempt (nor is the Board currently aware of any such attempts directed at the Company), nevertheless, stockholders should be aware that the Amendment could facilitate future efforts by us to deter or prevent changes in control of the Company, including transactions in which stockholders of the Company might otherwise receive a premium for their shares over then current market prices.
http://www.sec.gov/Archives/edgar/data/1039466/000072174813000336/def14c_xsunx71013.htm
Q-reus: Noode12 is not here for any other reason but to bash. seriously, who hangs around on a penny stock board if they are not interested in the stock? he is either 13 and sitting around home on mom's computer having fun, has been burned by the stock price drop and is angry and should move on, or he is a lackey for some entity attempting to load up on the lowered share price.
Either way, he should either leave or give constructive criticism...my guess is that he can't and won't be able to...so get the bug spray out because that mosquito will be here until he tires of his true intent...
Well, it appears the bashers are starting...that is a really good sign...the minions that work for daytraders, or daytraders themselves, are starting...NOODE12 seems to be an indication...
the "see below" was the disclaimer information regarding securities which typically appears at the bottom of any newsletter or press release:
CONFIDENTIALITY NOTICE: This communication and any accompanying document(s) are confidential and privileged. They are intended for the sole use of the addressee. If you receive this transmission in error, you are advised that any disclosure, copying, distribution, or the taking of any action in reliance upon the communication is strictly prohibited. If you have received this communication in error, please contact XsunX via email address (info@xsunx.com), or by telephone at (949)330-8060. Thank you.
Statements in this email communication that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "may," "will," "should," "believes," "expect," "intend," "anticipate," "plan," "estimate" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject to risks and uncertainties that are described in our most recent annual report on Form 10-K under the heading "Risk Factors" and our subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements whether as a result of the receipt of new information, future events, or otherwise.
and now the response...while I understand their position regarding most posters on boards, not all are working to an agenda to see a stock die miserably or to overpump a stock with artificial glory...anyway, here it is:
Hello,
Our first recommendation is to not invest time into the message boards. They provide zero accountability for anything posted and can be used to support all sorts of agendas.
We recommend that your invest time, if you are not already, into keeping current with general industry trends – that includes our filings. Developing technology is not easy, quick, or inexpensive. We have been working to commercialize our technology with the resources that we have had access to. Yes, we have changed paths a few times (so has numerous other PV companies with First Solar being the largest) and we would like to have completed our current efforts much sooner. So our past has provided room for speculation about our future and the message board posters use that to their agenda ridden benefit.
We will try to answer your questions as best we can without undermining fair disclosure rules, see below.
Best Regards,
XsunX Investor Relations
65 Enterprise Aliso Viejo CA 92656
Here is a copy of the email I sent:
Thank you for the recent newsletter update. I understand that there appears to be a lot of progress being made, however reading the blogs and investor sites I am finding that many are looking at the progress as “progress without substance.” Many are relating the current situation to the past promises of years ago.
I understand that certain information cannot be shared at this time, but a press release that updates where things stand with the processes, what XSUNX has been doing with regards to the government incentives, how many proposals and clients are in the works and progress on LOI’s would be quite effective.
I have seen many OTC stocks that promise, and string out their promises to the point of investor frustration—what happens then is that even when the company starts to deliver, the investors don’t support the stock and the PPS never sees or sustains any real gains…
I have been in and out of XSNX since its share price was well above $2 and have seen it drop to where it is today, and I know from just this that the reason the PPS is where it is today is due to the feeling of “progress without substance.”
Investors need a reason to be part of a company and you can provide that reason through a press release that better defines the progress that is being accomplished with its potential clients.
Thank you,
Totally agree
Latest newsletter:
Lately our updates have centered on our developing business opportunities, key markets, and the stabilizing solar market. In the background, we have been working full time with the CIGSolar® evaporator and we are excited to let you know that we are seeing some outstanding results.
Since the completion of the CIGSolar® evaporator assembly, we have carried out literally hundreds of incremental steps aimed toward establishing benchmarks, calibrating performance, and identifying or implementing potential improvements across our entire suite of system capabilities from material transport to CIGS deposition.
Our objective was to get the tool assembled, working, and producing results on par with the results we achieved during the initial technology development phase. The good news is that the tedious process of what seemed like endless incremental and iterative steps is now producing those types of results. Our internal testing of films is showing near identical film composition results to those recorded in a sample we provided to the National Renewable Energy Laboratory (NREL) during our development phase, which averaged 16.4% efficiency.
Not surprisingly, and we have mentioned this before a few times, our proprietary thermal co-evaporation heating, insulation, and nozzle technology have performed remarkably well and we are excited about our thin film processing results and commercial prospects of our multi-source design.
This progress also shows that we are on the right track and helps to strengthen our marketing capabilities as well as emphasizes our commitment to continued process and system improvements for the benefit our customers.
As always, we are working hard to capitalize the full potential of CIGSolar®
for our shareholders and look forward to sharing more progress and news with you in the near future.
Thanks for your time.
Tom Djokovich, CEO
To learn more about XsunX's' breakthrough technology please visit http://www.xsunx.com.
the conference call is on July 18th.
King, I think its a good thing to see individuals on the board who are becoming or being negative--this is usually indicative of traders or people working for traders looking to bash a stock down further because they know and understand that the stock is on the verge of a large uptick in price.
As for the conversation surrounding the 2B share request XSNX is requesting, even if they used a portion of those shares to purchase equipment, support sales, etc., they can actually retire those shares through a company buyback once the company becomes profitable.
Best to all who aren't short timers in XSNX
If I were to guess, I would guess that the Proxy meeting would outline where the dollars would be spent--maybe opening a facility that would house their new operations, and fund the manufacturing of systems due to the LOI's--this could be a huge thing...If this is the case, we could be looking to explode really quick upward in price.
King, what information have you heard for July 18th?
The amount of outstanding shares is what matters. They may have the latitude to put the extra shares into use by issuing them for purchases, marketing, etc..., but until they actually start issuing them, the share price is not affected negatively. Also, the share price will not be affected negatively if they are issued and the company is making sales--the sales will offset the newly issued shares.
IMO, as soon as they hit the first big sale(s), this stock will see new 52 week highs and roll towards its all-time high...
Best to you
They could sell their stock options at a lower price, but that would go against an executives nature (to make money). if they know that the price will rise to higher levels they can easily hold off to sell at even higher rates. The stock option issue prices that are shown are set at $0.10 up to $0.36--this is what the shares were granted to them at...anything above this price is a profit for them.
With Tuttle on board, I only see good things on the horizon for this company...
it is true...
http://www.sec.gov/Archives/edgar/data/1039466/000072174813000222/pre14a_xsunx71813.htm
they do have a vested interest in making the company successful. if you look at the stock option exercise point for the executives, they need to wait to exercise the shares in order to make it financially lucrative for them--if they exercise the shares prior to the amounts shown (lowest is $.10, highest is $0.36) they lose money.
the shares needed are for getting the product to market--the compensation of the executives is decreasing which indicates they are willing to cut their salaries in order to get the product to market.
best to all.
Finally able to pick up more shares...they dont like the AON option. You can pick up shares if you dont select the AON.
ready for the ride :)
Finally able to pick up more shares...they dont like the AON option. You can pick up shares if you dont select the AON.
ready for the ride :)
Hybrid Trader: Mr. Tomas also said 18-24 months, and that video was uploaded Sept 2011...24 months would be Sept 2013, so sometime between Feb 2013 and Sept 2013, is when they plan on having the great news we have been waiting for...
I believe you are mistaken. If it were bad news, they would simply put out a press release and avoid the cameras altogether. IMO, there is some HUGE Positive news that is going to be announced...wait and see.
IMO, they may announce that the trials have produced excellent results and possibly that interest from another large company is going to produce a buyout or push BHRT to become a subsidiary of a larger company--why else would they wait until AFTER market close?!
Opinions anyone...