Archive for the ‘XsunX Inc. XSNX’ Category

Changing Energy Environment Creates Prime Position for XsunX, Inc. (XSNX) Technologies

Thursday, January 2nd, 2014

XsunX, a renewable energy technology, systems, and services provider, has received positive feedback to its Southern California-wide marketing campaign, which the company believes reflects wide interest and “sizeable” demand for commercial and industrial solar systems.

“In spite of the holidays, the response we are receiving from our marketing efforts has been outstanding,” XsunX CEO Tom Djokovich stated in the news release. “Several potential customers each week are requesting quotes, with many projects requiring 100kW or more in PV system sizing. Our goal in 2014 is to grow our commercial and industrial PV systems design and installation business to at least 1 MW of new systems per month. The initial results from our campaign are better than what we expected. Based on these early results, we are gearing up to meet the demand.”

XsunX said it believes its present focus on commercial and industrial PV systems sales is well timed, as the California PUC recently approved rate and time of use charges for commercial and industrial energy users. Now, business owners are seeking new ways to control and reduce energy costs – creating a prime environment for solar system energy solutions.

Furthermore, governmental policies and incentives for solar PV investments continue to improve, resulting in outstanding return on investment for businesses.

“What we essentially have is a worsening public utility market driving businesses to find better solutions. XsunX is well positioned and focused on servicing the Southern California market, which represents one of the largest commercial and industrial PV systems markets in the nation,” Djokovich concluded.

For more information visit www.xsunx.com

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XSUNX Inc. (XSNX) Video Chart for Monday, February 11, 2013

Monday, February 11th, 2013

XSNX is making a double bottom pattern with pretty solid support established at 1 cent. Volume increased on Friday as the stock price rose 12 percent, putting the chart on watch to possibly challenge the resistance at 1.9 cents.

To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts

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XsunX, Inc. (XSNX.OB) Completes “Significant Milestone” in Product Development Process

Monday, March 8th, 2010

XsunX Inc. develops advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. The company recently completed the development of a co-evaporation processing chamber design that integrates several thermal evaporation techniques in one process to produce the Copper Indium Gallium diSelenide (CIGS) solar cell’s absorber layer.

Chief Executive Tom Djokovich said the achievement is integral to the company’s efforts and will allow the company to work on commercializing its manufacturing process.

“This development is crucial to both the equipment and process technology side of our efforts,” Djokovich stated in the press release. “The completion of this chamber converges several operations that we have been developing separately, allowing all of the processes necessary to produce the CIGS layer for our cross-industry technology to work in unison. This development increases the rate with which we can develop this new technology towards our initial baseline commercialization goals. This is a fundamental next step in our plan to commercialize our hybrid CIGS manufacturing process, and deliver a potential replacement solution for the use of silicon.”

According to the press release, XsunX’s system utilizes material handling and automation technologies from the hard disk equipment industry and adapts them to TFPV co-evaporation processes to configure the absorber layer, or solar power conversion portion of the cell, which produces low-cost solar cells.

“This integration of numerous processing technologies into a single chamber design will allow us to begin testing the value of hard disk material handling and systems management technologies,” XsunX’s CTO Robert Wendt stated. “From the start, we envisioned this chamber as the key to our ability to viably produce commercial quantities of CIGS solar cells using small-area processing techniques.”

Wendt added that the company’s achievements revolve around its co-evaporation process.

“We believe that a key component to our success lies in our use of the co-evaporation process on individual small-area substrates, or wafers similar in size to silicon wafers, to produce the solar absorbing portion of the solar cell,” Wendt stated.

XsunX said the experimentation and design alterations to its equipment and technology reflects the company’s advances in its intellectual capital portfolio.

“From the beginning, we envisioned the completion of the chamber design, and its co-evaporation system, as a differentiating feat of the scientific team – a demonstration of their engineering and development prowess,” noted Djokovich.

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XsunX Inc. (XSNX.OB) Receives “Speculative Buy” Rating from Beacon Equity Research

Monday, October 12th, 2009

One company that has been catching the eyes of investors due to their “Green Technology” is XsunX Inc. XsunX has become a leader in the solar energy field by using its thin-film photovoltaic process knowledge to revolutionize the solar industry by combining state-of-the-art, sophisticated, magnetic media thin-film manufacturing technologies used by the hard disc drive industry with proven thin-film photovoltaic processes.

With this technology in place, XsunX received a Speculative Buy Rating by Beacon Equity Research. In the report, the Beacon analyst writes how XsunX will compete in their field against such powers as Suntech Power Holdings and JA Solar Holdings, which trade on the NYSE and the NASDQ respectively.

The analyst discusses the advancement of XsunX by stating that “XSNX’s new technology may produce a replacement for silicon wafers – roughly 80% of solar panels are silicon-based – at half the cost. The Company’s CIGS wafers could be integrated into solar panels, adapted to a variety of building materials and even used in consumer products.”

Leading the way at XsunX is Tom M. Djokovich who serves as their CEO. Djokovich is a renowned name in his field and provides XsunX with a wealth of experience. The CEO is a veteran manager of publicly held corporations and has successfully attracted tens of millions of dollars in capital investments for business development.

While XsunX is known for being an up-and-coming California company, they have a strong Technology Center in Golden, Colorado and have spread across the United States to capture the magic of their industry.

As stated in the Beacon Equity Research report, XsunX has a target price of $2.90 but the stock is currently trading in the $0.13 range. If XsunX comes close to reaching the expectation predicted by Beacon Equity, this could be the steal of the century and could transform portfolios of savvy investors.

With a strong management team led by Djokovich, a state-of-the-art technology in place and a stellar rating from Beacon Equity Research, XsunX may be shining bright for years to come.

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RECHARGE Magazine Features XsunX, Inc.’s (XSNX.OB) Revolutionary Solar Technology

Tuesday, September 8th, 2009

XsunX, Inc. announced that it was spotlighted in a two-page article in the “Innovation” section (Pages 18-19) of the August 28 edition of RECHARGE Magazine. The article detailed the company’s new cross-industry technology that combines state-of-the-art manufacturing technologies from the Hard Disc Drive (HDD) industry with proven thin-film solar processes, using the excess production capacity of the HD industry to manufacture high-efficiency, low-cost CIGS solar cells.

The piece reported on the company’s unique approach to commercialization of CIGS cells stating, “The notion of mass production of small CIGS cells runs against the grain of thin-film industry convention, which continues to push ahead with large-area manufacture substrates and roll-to-roll deposition methods. XsunX, by contrast, believes a small system footprint will result in a higher yield production.”

Tom Djokovich, chief executive officer of XsunX, Inc., commented, “The truth is that the pressure of the credit freeze last year gave birth to this unique idea that is poised to revolutionize the solar industry. We are confident that we’ll be able to bridge the gap between inexpensive thin-film and high-efficiency silicon wafer technologies to produce solar cells for multiple market segments and applications. This kind of coverage for XsunX demonstrates the immense potential that the sector sees in our technology.”

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XsunX, Inc. (XSNX.OB) Signs Sales Contract to Supply 15 Megawatts of its ASI-120 Solar Modules

Tuesday, November 25th, 2008

XsunX, Inc. announced today that it has entered into a two-year supply contract to sell 15 megawatts of its ASI-120 thin-film photovoltaics solar modules. The company purchasing the modules is a full service solar power company specializing in commercial and solar farm projects located in California and Hawaii.

Tom Djokovich, CEO of XsunX, stated, “We are pleased to announce this sales agreement to supply 15 megawatts of our ASI-120 TFPV solar modules. This agreement represents approximately $37 million dollars in total contract value with an initial 5 megawatts valued at $13 million slated for delivery in calendar 2009, and the remaining 10 megawatt balance for delivery in calendar 2010.”

“The recent passage of an eight year extension to the 30% Federal Investment Tax Credit is spurring renewed vigor in solar project demand and we are working to fill our projected production capacity over the next several years with additional purchase agreements,” concluded Djokovich.

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XsunX Inc. (XSNX.OB) is “One to Watch”

Thursday, October 23rd, 2008

XsunX Inc. is a solar technology company with headquarters in Aliso Viejo, California. Trading on the OTCBB, their focus is on developing thin-film photovoltaic (TFPV) amorphous silicon solar cell manufacturing processes to produce TFPV solar modules. The markets the company is targeting for these solar modules are solar farms, government agencies, and utility companies.

The company is currently developing their phased plan to manufacture and install 100 mega-watts of amorphous silicon TFPV manufacturing capacity. Their goal is to complete the installation of their base production infrastructure near Portland, Oregon this year. They will then work to increase the capacities to 25 mega-watts by early 2009, and 100 mega-watts by early 2010.

The Company designed their TFPV product to service a broad spectrum of installation environments. They designed them also to deliver performance characteristics to meet the needs of solar farm and utility grade applications. They believe their XsunX ASI-120 module delivers high power output relative to other thin films. They also believe their module has the size and framing suitable for the use of many existing mounting systems.

This month, XsunX, Inc. announced that the Oregon Economic Development Association (OEDA) recognized XsunX as a Business Development Success Story in an award presented to the City of Wood Village, Oregon. With their decision to locate in Oregon, XsunX has successfully worked with the City of Wood Village and other local community managers to structure approval of tax relief programs for establishing solar manufacturing operations. They also continue to work with the local community college system to structure training programs for solar manufacturing jobs.

Today, the Company reported on a successful Solar Power International 2008 Conference and Trade Show in San Diego. The Solar Power show is the largest in the U.S.A. with Keynote addresses from California Governor Arnold Schwarzenegger and General Wesley Clark. XsunX observed great interest in their TFPV modules and returned from the solar show with sales leads for projects ranging from two to 100+ MW spanning six countries.

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XsunX Inc. (XSNX.OB) Says Congressional Passage of Solar ITC Legislation ‘Significant’

Thursday, September 25th, 2008

California-based XsunX Inc. (XSNX.OB) is a thin-film photovoltaic company. The company has focused on the development of thin-film amorphous technologies and products due to the inherent advantages of amorphous silicon over other solar absorbers.

XsunX stated that the passage of solar ITC legislation by the U.S. Senate earlier this week was significant. The company also said that the adoption earlier this month of the California Public Utilities Commission call for energy efficient homes by 2020 is an important regulatory action.

XsunX CEO Tom Djokovich noted that the extension of the solar tax credit is a huge bonanza to the solar industry’s future. He stated, “With this legislation by the Senate, that extends the solar investment tax credit by eight years, coupled with actions such as that in California, as well as numerous western states, XsunX is particularly well positioned for growth.” XsunX is currently progressing with the buildout of its first 25MW thin film photovoltaic manufacturing facility in Oregon and is now fully engaged in efforts to complete facility improvements.

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XsunX Inc. (XSNX.OB) Garners First 100kW Project

Tuesday, September 2nd, 2008

XsunX Inc. (XSNX.OB) is a solar technology company engaged in the build-out of its multi-megawatt amorphous thin film photovoltaic (TFPV) solar manufacturing facilities in Oregon. The company has focused its efforts on the development of thin film amorphous technologies and products due to inherent advantages of amorphous silicon over other solar absorbers.

In June 2008, XsunX announced efforts to develop business relationships directly with utilities working to meet governmental renewable energy mandates. In July 2008, the company responded to requests for proposals from utilities and government agencies in the western US. Currently XsunX has provided proposals to utilities and government agencies representing approximately 6 megawatts of solar power fields to be built by XsunX and sold to the operators, and another 4.1 megawatts of solar power fields to built and operated by the company.

In addition to these proposals, XsunX is currently in various stages of preparing proposals for another 11 megawatts of solar power fields to be operated by the company and another 50 megawatts of solar power field construction for delivery to independent operators. The company is targeting projects for development over the next 3 to 5 years with start dates beginning in 2009.

XsunX recently received notice that the company was the successful bidder on one of the smaller projects. The project is a 100kW government facility in Oregon. This particular project is a proposed rooftop solar site that XsunX would operate under a power purchase agreement, selling the power produced to the agency over a 15- to 20-year period.

XsunX’s CEO Tom Djokovich stated, “While this is one of the smaller projects we have bid, we are very excited about beginning to load our sales channel with projects that we believe offer greater long term revenue generating opportunities for us.”

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RedChip Featured Company: XSunX, Inc. (XSNX.OB)

Saturday, August 16th, 2008

XSunX, Inc. has become a rapidly growing solar energy company since shifting their business focus in 2007 from technology licensing to producing and marketing thin-film, amorphous solar modules. The company was created in 2003 to develop and commercialize advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes.

Already in the works is a multi-megawatt solar module production facility in the U.S. and a baseline production system expected to be on-line early this year. The baseline will become the blueprint for a 25 megawatt (MW) system that will be used to launch commercial solar module production by the year’s end. By 2010, the company anticipates to have the solar module manufacturing capacity to be producing at 100 MW annually.

The solar energy technology sector currently generates $10 billion in annualized revenues and has been consistently growing at 35-40% every year. Throughout China, Europe, Japan and the United States significant investments have been made in the solar energy sector. With governments offering financial incentives that encourage the utilization of clean, renewable, and new technologies, many experts believe that the solar photovoltaic (PV) market will reach $25 billion by the year 2011.

Thin film technologies, like the ones manufactured by XSNX, offers the lowest cost per watt at the module level. With this in mind, thin film’s share of the overall solar photovoltaic market is expected to increase from around 5% to as much as 20% in five years, while the deployment of thin film technologies grow much faster than the overall PV market.

Let us hear your thoughts: XSunX, Inc. Message Board

XSUNX Inc. (XSNX.OB) Announces Agreement with Newport Corp.

Thursday, May 29th, 2008

XSUNX Inc (XSNX.OB) is a California-based company which is developing and commercializing new amorphous silicon thin-film photovoltaic solar cell technologies and manufacturing processes. The company has spent the last three years researching amorphous silicon and intends to mass produce amorphous silicon modules on glass panels.

XSUNX has focused on the development of thin-film amorphous technologies due to its inherent advantages over other solar absorbers. Amorphous silicon requires less incident light to begin working, which means that an amorphous silicon module can begin to produce power earlier in the day and later into the evening than other technologies. Amorphous silicon is also more effective and does not degrade like other thin film in very hot climates. These advantages should help the company obtain a piece of the thin-film solar products market, which is growing at over 33% annually.

On May 28, 2008, XSUNX announced that it has expanded its existing two-year relationship with Newport Corp (NEWP:NASDAQ) by selecting Newport as its preferred supplier for laser and motion subsystems for its integrated, thin-film photovoltaic manufacturing line. These products are used to create monolithically interconnected cells on the solar panels and to laser scribe bar codes on the panels for quality control purposes. This agreement is part of XSUNX’s overall plan to grow their manufacturing capacity for thin-film photovoltaic solar modules to over 100 megawatts by 2010.

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XsunX Inc. (XSNX.OB) – One Step Closer to Bringing Systems Online

Wednesday, May 21st, 2008

XsunX Inc. has been in existence since 2003, when it began to develop and commercialize next-generation thin-film photovoltaic (TFPV) solar cell apparatuses and the processes by which they are manufactured. The company recently acquired a 90,000 sq. ft. building near Portland, Oregon that will be fitted to facilitate its TFPV manufacturing operations.

Earlier this week, XsunX finalized an agreement forged with Praxair, Inc. (NYSE: PX), which will supply exceedingly pure industrial gases that play an integral role in the production of XsunX’s cutting-edge solar cells. In addition to supplying the product, Praxair will also offer its expertise in the implementation of the system by which the gases are delivered. Praxair is recognized as a world leader in the field, having recorded annual sales of $9.4 billion in 2007.

“The agreement will provide for Praxair’s expertise in the design, installation, and management of our gas handling and delivery systems and a long term contract to supply the bulk of our manufacturing gas needs,” noted Tom Djokovich, CEO of XsunX. “We are pleased that such a major part of the integrated thin film TFPV manufacturing process is in good hands. Having secured gas supplies with Praxair to support a large part of our thin film TFPV manufacturing processes, we have begun to meet our short and mid term goals in the build out and supply of our multi-megawatt thin film photovoltaic solar manufacturing facility.”

The strategic placement of the Oregon facility was affected by the Oregon State Senate’s passing of legislation requiring utility conglomerates to generate a minimum of 25 percent of required energy from renewable sources by 2025. With the help of $21 million in financing from Fusion Capital Fund II, XsunX has expressed its intent to bring the facility fully online by the end of this year.

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Beacon Equity Research Featured Company: XSunX, Inc. (XSNX.OB) Growing Rapidly in the Renewable Energy Market

Monday, February 4th, 2008

XSunX, Inc. has become a rapidly growing solar energy company since shifting their business focus in 2007 from technology licensing to producing and marketing thin-film, amorphous solar modules. The company was created in 2003 to develop and commercialize advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes.

Already in the works is a multi-megawatt solar module production facility in the U.S. and a baseline production system expected to be on-line early this year. The baseline will become the blueprint for a 25 megawatt (MW) system that will be used to launch commercial solar module production by the year’s end. By 2010, the company anticipates to have the solar module manufacturing capacity to be producing at 100 MW annually.

The solar energy technology sector currently generates $10 billion in annualized revenues and has been consistently growing at 35-40% every year. Throughout China, Europe, Japan and the United States significant investments have been made in the solar energy sector. With governments offering financial incentives that encourage the utilization of clean, renewable, and new technologies, many experts believe that the solar photovoltaic (PV) market will reach $25 billion by the year 2011.

Thin film technologies, like the ones manufactured by XSNX, offers the lowest cost per watt at the module level. With this in mind, thin film’s share of the overall solar photovoltaic market is expected to increase from around 5% to as much as 20% in five years, while the deployment of thin film technologies grow much faster than the overall PV market.

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Beacon Equity Research Featured Company: XsunX, Inc. (XSNX.OB)

Wednesday, January 9th, 2008

XsunX, Inc. (OTC BB: XSNX) utilizes its own licensed technologies to design and create a new cutting-edge manufacturing system in order to produce and market thin-film amorphous solar modules. The Company was originally formed in 2003 to develop and commercialize advanced, thin-film photovoltaic (TFPV) solar cell technologies and the manufacturing processes.

XsunX will initially produce solar cells and modules incorporating thin-film amorphous silicon on glass substrates and anticipates marketing its solar cells and modules to large-scale solar energy device installers and operators. This list of installers and operators include solar farms, power purchase associations, utility companies and government agencies. The Company is also looking into expanding its product offerings to include nano-crystalline and proprietary multi-junction solar designs that will improve performance and further reduce per watt production costs. The company has various pre-sales agreements with solar integrators already established.

The energy demand worldwide is high and continuing to rise. With rising energy demands, fossil fuel resources are depleting and oil and gas prices are sky-rocketing. These energy standards and the push for a cleaner environment worldwide are fueling the demand for clean alternative energy sources such as wind and solar energy. The solar energy technology sector currently generates $10 billion in annualized revenues and has been growing 35-40% annually as a result of significant investments in new production facilities and technologies in Europe, the US, China and Japan.

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TwinTrader Featured Company: XsunX Inc. (XSNX.OB) Rated Speculative Buy by Beacon Equity Research Analyst

Wednesday, January 2nd, 2008

Lisa Springer, a Beacon Equity Research Analyst, has rated XsunX Inc. (XSNX) a speculative buy with a price target of $1.50.

Created in 2003, XsunX develops and commercializes advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. The company has changed its focus over the past year to using its technologies to design a cutting-edge manufacturing system for producing and marketing thin-film amorphous solar modules.

Already, the company has initiated work on a multi-megawatt solar module production facility in the U.S. In the year 2008, XSNX is hoping to launch the company on-line by commissioning a baseline production system that will serve as the blueprint for a 25 megawatt (MW) production system that is expected to become operational by the end of 2008. The company plans to expand its annualized solar module manufacturing capacity to 100 MW by early 2010. For the building of the parts and sub-sytems for a solar module production system, XSNX has already come to an agreement with Fusion Capital Fund II, LLC, which has gone ahead and financed $21 million for the project.

XSNX currently has a strategy to market its solar cells and modules to large-scale solar energy device installers and operators, including solar farms, government agencies, power purchase associations, utility companies and large commercial installations. With a projection of commercial production, XSNX has commenced loading its sales channels and building its brand. As of today, XSNX has established pre-sales agreements with solar integrators reserving more than 100 MW of its future solar module production capacity.

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Beacon Equity Research Awards XsunX, Inc. (XSNX.OB) a $1.50 Price Target

Monday, December 17th, 2007

XsunX, Inc. was founded about four years ago to develop and commercialize advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. Throughout the past year, the Company has changed its focus from licensing its technologies to utilizing its technologies to design a leading-edge manufacturing system for producing and marketing thin-film amorphous solar modules.

The Company has already begun working on a US-based multi-megawatt solar module production facility. XsunX has commissioned a baseline production system which is anticipated to come on-line in early 2008 and will serve as the blueprint for a 25 megawatt (MW) production system projected to become operational by the end of next year. The Company also anticipates expanding its annualized solar module manufacturing capacity to 100 MW by the first part of 2010.

One of XsunX’s objectives is to market its solar cells and modules to large-scale solar energy device installers and operators, such as solar farms, government agencies, power purchase associations, utility companies and large commercial installations. In expectancy of commercial production, the Company has begun loading its sales channels and building its brand. So far, XSNX has entered pre-sales agreements with solar integrators reserving over 100 MW of its future solar module production capacity.

In conclusion the analyst stated, “At the Company’s current $48 million market capitalization, XSNX trades at less than one time our FY 2009 revenue estimate. We think these shares are substantially undervalued at current prices, and are thus initiating coverage of XSNX with a Speculative Buy rating and a $1.50 price target, based on a four times forward Price/Sales multiple of our $60 million FY 2009 revenue estimate.”

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XsunX (XSNX.OB) Stock Rises After News of $41 Million Sale

Tuesday, May 15th, 2007

Shares for solar cell technology innovator XsunX Inc. (OTCBB: XSNX) shot up this morning after the company revealed it had recently sold over $41 million worth of thin film equipment.According to a recent XsunX press release, the company has “entered into agreements” to deliver 25 mega-watts of thin-film photovoltaic production equipment – with a combined worth of more than $41 million – to Mexico-based energy company Lambda Energia S.A. de V.C. As a leader in producing solar cell equipment, XsunX is devoted to developing and commercializing innovative new thin-film photovoltaic (TFPV) solar cell technologies and manufacturing.

After the news was released, stock prices for XsunX rose 25.30 percent, or 10 cents a share, to 52 cents a share – an impressive feat from a microstock before noon.

Tom Djokovich, CEO of XsunX, saw the sale as a turning point in the company’s life.

“This license agreement and equipment sale with Lambda represents a significant milestone in the business development efforts of XsunX,” Djokovich said in the release. “The group that has formed Lambda has a track record of success in commercializing new technologies and we are anxious to begin working with them and supporting their efforts to bring thin film solar cell products to market.”

Lambda Energia’s president and founder, Dr. Marco Adamo, was also excited about the sale – particularly about how XsunX’s products could help his company produce inexpensive energy.

“Lambda Energia expects to achieve broad market success with the thin film solar products we will manufacture under license from XsunX,” Adamo stated. “The demand for low cost solar products that can be easily integrated into buildings overwhelms the ability of suppliers to deliver these products, and the thin film products that Lambda will produce using XsunX’s technologies are well suited to meet this demand.”