NovAccess Global Inc (XSNX)

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This morning's news:

https://xsunx.com/2018/07/17/xsunx-commercial-solar-rooftop-and-canopies-benefiting-from-cost-reductions/

XsunX Commercial Solar Rooftop and Canopies Benefiting from Cost Reductions

Company Sees Cost Fall Despite Recent Tariffs

ALISO VIEJO, CA, July 17, 2018 (GLOBE NEWSWIRE) -- XsunX, Inc. ( OTC: XSNX ), a leading solar and energy saving technologies provider, announced today that recent reductions to solar module costs are allowing the Company to continue to offer commercial solar rooftop and canopy systems at or below its 2017 pricing.

“In just the last month we’ve seen solar module costs come down by at least 10%,” stated Tom Djokovich, CEO of XsunX, Inc. “For our large commercial system quotes we buy manufacturer direct and this decrease in costs is providing us with the ability to provide customers exceptional value.”

The solar module savings stem from a change to China’s mainland solar project development policy adopted in May 2018 that has forced Tier 1 manufacturers to allocate more module production for U.S. sales. Based on recent discussions with the Company’s module suppliers, XsunX anticipates pricing for solar modules may continue to dip which is good news for XsunX and its customers.

“The reduction to our module costs is very significant for XsunX marketing efforts,” continued Mr. Djokovich. “And, since modules represent the largest portion of project costs, these savings more than offset the recent cost increases stemming from steel import tariffs allowing us to continue to offer exceptionally priced solar canopies – our premier product line,” concluded Mr. Djokovich.

With interest in commercial installations continuing to improve, the Company experienced over $1,000,000 in awarded projects in its last quarter alone. And, over the past two years the Company has broadened its suite of products and general construction services to now include commercial solar car, truck, and storage canopies, energy storage and energy management technologies, EV charging, commercial roofing, and steel canopies for multiple applications.

About XsunX:

XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), energy storage, and energy efficiency 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.