Cali Legislation = BOOM :) $XSNX = 85 Mill Volume today. Sub .01 SP UP 261.54% Past 2 days!
Sub .01 Stock. California stocks should run nicely and this stock has huge potential.
XsunX, Inc. is a development stage company, which engages in the design, sale, and installation of solar photovoltaic power generation and energy saving technologies.
Its products include commercial systems, residential solar system packages, and energy management.
Sales, Marketing, and Planned Operations:
We have focused our sales efforts and operations on the delivery of commercial solar power and energy storage systems in the California market. We believe that our focus provides us long term benefits for brand development as a commercial specialist within a market that we believe to be in the early stages of growth, and poised for a broad adoption of solar power generation.
We see this as a significant business development opportunity as management has the skillset associated with construction management, the licensing qualifications necessary for us to operate as a contractor in California, we have extensive experience associated with solar PV technologies and the design requirements associated with the delivery of a commercial power systems, and there is a market demand available for us to provide these services to. We believe that these efforts will provide us with the fastest path to increasing revenue generation.
XsunX Solar + Storage Ideally Suited for California Cannabis Industry
California utility regulators reviewing preparedness for energy-use surge from
passage of California’s Prop. 64 legalizing recreational use of cannabis
ALISO VIEJO, CA, Dec. 13, 2017 (GLOBE NEWSWIRE) -- XsunX, Inc. (OTC:XSNX), a
leading commercial solar and energy storage technologies provider, announced
today that it has begun to see inquires for its solar + energy storage
solutions for use in commercial cannabis grow operations. Interest in solar PV
and energy storage solutions by commercial cannabis growers stems from the
legalization of recreational cannabis use in California.
Indoor grow operations for cannabis are energy-intensive and California
utility rates, among the highest in the nation, can add significantly to
operational costs for growers. With indoor grow operations utilizing extensive
lighting and environmental controls, the use of solar PV paired with energy
storage is ideally suited to meet the load requirements for these operations.
“The pairing of commercial solar rooftops and solar canopies with energy
storage can more than double energy savings and reduce energy costs by
hundreds of percent for indoor grow operations. This can create meaningful
long term operational cost reductions for cannabis growers,” stated Tom
Djokovich, CEO of XsunX, Inc. “And, through our lending network, we can offer
property assessed clean energy (PACE) financing for facility energy efficiency
upgrades which can help cannabis operations avoid the complexities of
conventional bank based loans and Federal regulations,” continued Mr.
Djokovich, CEO of XsunX, Inc.
With the passage of California’s Prop. 64 legalizing recreational use of
cannabis, and the anticipation that new cannabis grow-farms will start
plugging into the power grid, the California Public Utilities Commissions
(CPUC) policy and planning division has engaged in research for the
development of recommendations for its investor-owned utilities to prepare for
a surge in energy-use.
This anticipation by the CPUC is not without merit. For example, Colorado
reported that after the legalization of recreational use in 2012, half of the
increase to energy load demands were attributable to new cannabis
cultivation.
How large is the energy market for indoor grow operations - a 2012 energy
policy study placed emerging indoor cannabis cultivation energy use at $6
billion nationally. In California, the 2012 study estimated that indoor
cannabis cultivation was responsible for about 3% of California’s electricity
consumption, which is equivalent to the electricity consumption of one million
California homes.
“We believe that we can help indoor grow operations to generate superior
returns through maximizing solar and utility resources with our solar + energy
storage managed solutions. We look forward to servicing what we anticipate
will be a growing interest for these solutions in 2018,” concluded Mr.
Djokovich.
About XsunX:
XsunX specializes in the sale, design, and installation of solar photovoltaic
power generation (PV), and energy storage technologies to provide our clients
long term savings, predictability, and control of their energy costs. Making
solar energy a sound investment for our clients is our mission.
For more information, please visit the Company's website at www.xsunx.com, or
to learn more about the benefits of solar energy for your business or home
schedule a free PV project assessment.
Safe Harbor Statement: Matters discussed in this release contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements other than statements of
historical facts included in this press release are forward-looking
statements. When used in this press release, the words "anticipate,"
"believe," "estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. These statements relate to future
events or to the Company's future financial performance, and involve known and
unknown risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.
Investors should not place any undue reliance on forward-looking statements
since they involve known and unknown, uncertainties and other factors which
are, in some cases, beyond the Company's control which could, and likely will,
materially affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects the Company's current
views with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of operations,
growth strategy and liquidity. Such risks, uncertainties and other factors,
which could impact the Company and the forward-looking statements contained
herein, are included in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to publicly update or revise
these forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the
future.
Contact: Tom Djokovich, President and CEO - 888-797-4527 or email:
info@xsunx.com
