ALISO VIEJO, Calif., Sept. 20, 2004 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), developer of an innovative process to produce solar electric vision glass, announced that it has increased its patent and technology assets by acquiring an exclusive royalty free license to a suite of patents and technologies specific to the design and manufacture of its semi-transparent solar electric glazing initiative.
The patent portfolio and technologies of MVSystems, Inc., an internationally recognized authority in the field of solar cell design and manufacturing processes, are now part of the intellectual property assets of XsunX. The technologies licensed encompass a wide spectrum of both material and device sciences that the Company believes provides them with key aspects to the commercial viability of integrating electrical power generating properties on to millions of square feet of modern architectural glass facades.
"This represents a very positive event for XsunX by providing access to technologies that further strengthen our abilities to improve transparent solar cell design and deliver scalable manufacturing processes," stated Tom Djokovich, CEO of XsunX, Inc. "MVSystems technologies not only broaden the uniqueness of our solar glazing process, but are also the product of nearly 30 years of industry research expertise, and the design and construction of numerous solar manufacturing facilities."
XsunX believes that the growing trends in integrating alternative energy producing technologies into our environments will increase as the world creates new energy economies aided by clean and renewable energy sources. XsunX believes that upon completion of its Power Glass(tm) semi-transparent glazings, these glazings will provide a perfect fit for the wide scale integration of real energy producing products into living and working environments without causing disruptive and costly changes to lifestyles.
ABOUT MVSYSTEMS
MVSystems, Inc. is based in Golden Colorado. Its main line of business is to design, build and deliver state of the art, ultra high vacuum multi-chamber PECVD/sputtering/Hot Wire CVD systems, arranged in a cluster tool configuration and specifically designed for the thin film semiconductor market. Other products are I-V solar simulator testing stations. As part of the system sale, it specifically guarantees state of the art opto-electronic properties of thin film semiconductors such as amorphous silicon, dielectrics such as Silicon Nitride and electronic device performance for solar cells, thin film transistor (for displays) and image sensors. The company also provides research and development contract services and consultancy for thin film materials and devices. Please visit the Company's website for more information: http://www.mvsystems.info
ABOUT XSUNX
Based in Aliso Viejo, California, XsunX is developing its patented process to produce solar electric vision glass. 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
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