XSNX Entering into LOI's for the Delivery of its CIGSolar®

New Post Public Reply Private Reply Replies (0) Message Board

Mar 26, 2013 at 9:22 AM

XSNX >>>Entering into LOI's for the Delivery of its CIGSolar® Technology
Date: 03/26/2013

Good Morning,

We have had some exciting opportunities begin to mature for the Company in March.

In case you missed our recent press, XsunX is working with solar start-up firms in developing regions including Africa and the Caribbean. Customers have provided us with Letter-Of-Intents (LOI) under which XsunX is configuring solutions to deliver CIGS manufacturing capabilities to these firms necessary to meet their initial deployment plans.

Huge Potential in Developing Regions

Globally there are over 2 billion people with little or no access to power. Throughout Africa, the Caribbean, and South America there are hundreds of millions suffering from a lack of access to electricity, or relying on a chronically unreliable and costly electric power grid. Additionally, in these regions significant portions of current power needs are met by burning diesel fuel. The result is that today's costs for delivered electricity in the Caribbean hover at $0.37 a kWh. Compared to the developed world these rates are high.

Only 1% of Total Current Global Solar Installations Deployed in Developing Regions*

The statistic above says it all - with only 1% of global installations deployed to date in developing regions, the long term opportunity is immense.

Importing solar modules is one solution that would be better for these regions than paying repeatedly for diesel fuel to run generators. However, our customers are telling us that governments in these regions are looking for multi-faceted solutions to fill the growing demand for electricity. Job growth is another focus and through the deployment of high tech solar manufacturing facilities and power fields, opportunities exist to develop and diversify jobs markets while increasing employment and the buying power of their populations.

Tapping the Opportunity

Solar start-ups in these regions have provided XsunX with LOI's based on several factors. One of which is the ability to start with one or more CIGSolar® evaporators and add-on in the future while maintaining excellent cost-per-watt production costs. This provides the opportunity to reduce up front capital requirements and operating costs - an instrumental feature to meeting the start-up and growth plans for an emerging industry in these regions.

These promising opportunities are multi-relationship based purchase and system deployment efforts, so the Company is working with customers to tailor system configurations, and our business relationships, to fit the needs of the client and local governments. Stay tuned, we are working hard to capitalize the full potential of CIGSolar® for our shareholders.

For more on this, last Friday Mr. Tom Djokovich, in an interview on MoneyTV, provided some additional insight to the Company's efforts with customers in these developing regions. You can view the brief interview here.

*Statistic Source: Alliance for Rural Electrification

Tom Djokovich, CEO

To learn more about XsunX's' breakthrough technology please visit http://www.xsunx.com.

Safe Harbor Statement: Matters discussed in this shareholder newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this shareholder newsletter, 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.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Youth Mental Health: New Survey Spurs Action

What's the 2025 Survey Telling Us? Numbers hit like a gut punch, don't they? The 2025 National Youth Risk Behavior Survey unveils some hard truths — truths that can't be softer just because we've made headway. We're talking about one in three high schoolers in this country feeling persistently down. That's about 33.3% of them, wrestling with sadness and hopelessness...

Aviator Nation Teams with NFL for 2026 Collection Launch

In a move blending sports with a dash of retro flair, Aviator Nation's dropping its first NFL-licensed collection. They’re looking to serve up a blend of vintage vibes and team spirit. Aviator Nation's New Venture Launching their collection on September 24th, 2026, Aviator Nation takes a dive deeper into sports licensing, after scoring a touchdown (literally!) with an...

Stravito's MCP Server Revolutionizes AI in Business

We're seeing another big swing in how enterprises weave AI into the fabric of decision-making. Stravito, an enterprise customer intelligence platform, launched its Model Context Protocol (MCP) Server. This thing brings company-owned research right into the gizmos teams already use. Now, businesses aren't left groping in the dark figuring out their next moves—pretty...

Seatrium, Karpowership Wrap Landmark FSRU Partnership

A Milestone in Global Energy Infrastructure Out of Admiralty Yard in Singapore comes a transformation saga that’s begging for attention. Seatrium Limited and Karpowership have pulled off something spectacular with their seventh and final Floating Storage and Regasification Unit (FSRU), LNGT Türkiye. It's not just another vessel hitting the waters—it's the bookend on...

Catalina Behavioral Health: 4 Years, 1,000 Lives Touched

Pioneering Care in Behavioral Health Catalina Behavioral Health is proving that four years can make a difference. From their base in Tucson, they've grown to serve 1,000 souls navigating the stormy waters of addiction and mental health. It's not just about numbers, you see—this milestone marks real lives changed, one battle at a time. Building Trust, One Patient at a...

Spotlight on AI-Powered Smart Homes for 2027

Gearing Up for the Connected Home Revolution Ah, the thrill of peering into the future of smart homes! That's what's cookin' as Parks Associates gears up for its annual CONNECTIONS™ Conference slated for May 4-6, 2027. This isn't just another routine pow-wow. Nope, this get-together is about seeing who's leading the pack in transforming our everyday spaces into...

PostalAnnex Lands at Stanford with New Service Hub

PostalAnnex Makes a Strategic Stanford Move It's not every day you see a company nestling into a place like Stanford University. Annex Brands has just opened its latest PostalAnnex location, a stone’s throw from the academic hustle and bustle of the Stanford campus. The geeky vibe of students and professors rushing with deadlines matches well with the efficient service...

AdminaHealth's AI Assistant Elevates Billing Solutions

AdminaHealth Unveils AI Data Assistant for Enterprises Amid the hustle and bustle of business operations, AdminaHealth has tossed a digital lifeline into the sea of billing chaos. Enter their AI-powered data assistant, now available to the big players on the Enterprise Tier within the AdminaHealth Billing Suite. This tool isn't just some gizmo for show; it's a genuine...

Clarius Named in TIME's Top HealthTech 2026 Again

When a company gets the nod from TIME two years in a row, you know they’re not just tinkering with gadgets—they’re changing the game. Clarius Mobile Health, with its cutting-edge wireless ultrasound tech, has cemented its place in TIME's World's Top HealthTech Companies of 2026. Last I checked, repeating this kind of recognition never comes easy in such a fiercely...

AMD CEO, Global Leaders Converge At IMPERIA Summit

A Clash of Giants in New York The trade floors are buzzing in New York as the world's economic heavyweights and tech titans gather for the inaugural IMPERIA Summit. You can almost smell the pressure and ambition wafting through the streets when folks like AMD's CEO, Lisa Su, share the stage with geopolitical power players like President Trump and China's President Xi...