ALISO VIEJO, Calif., March 30, 2005 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of Power Glass(tm) -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun, announced today that the recent success in the reduction of processing temperatures will allow the Company to expand development efforts onto a broader range of more cost efficient thin films.
The Company next hopes to establish a viable processing method for the use of transparent polyesters such as Polyethylene Terphtalate, or PET, and Polyethylenenapthalate, or PEN. These are among the least expensive substrate solutions for Power Glass(tm) applications.
The use of polyesters is very prevalent in the thin films industry for the manufacture of non-energy producing films that control solar heat and UV rays in windows world wide. The Company intends to integrate the use of these types of polyester films into the scalable aspects of its patented reel-to-reel manufacturing process to produce rolls of transparent solar cells. XsunX believes that this may position Power Glass(tm) as a competitive power producing alternative to non-energy producing thin films for applications in the worldwide architectural glass and optical film markets.
"This has become a very exciting period in our development plan. The solar electric market is experiencing unprecedented growth rates, we have entered into a beta application testing relationship, and we are in discussions for beta tests in several additional market niches," stated Mr. Djokovich, CEO of XsunX. "Fortunately, we have aligned the Company with a brilliant and capable group of thin film veterans who have continuously helped us to realize results. Moving our development into this next group of materials is something that they have been looking forward to," concluded Mr. Djokovich.
About XsunX
Based in Aliso Viejo, California, XsunX is the developer of Power Glass -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun. This proprietary process is intended to allow manufacturers to apply a transparent and photovoltaic glazing to glass and other transparent substrates. When XsunX glazing is exposed to light, the light energy is converted into electrical energy for use as a power source. XsunX believes that its solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets. 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.