XsunX Announces Agreement with Newport Corporation as Its Laser Subsystems Supplier
Newport to Supply Key Laser Subsystems for the XsunX Solar Module Production Line
ALISO VIEJO, Calif., May 28 - XsunX, Inc. (OTCBB: XSNX), a solar technology company engaged in the build-out of its multi-megawatt solar module manufacturing facility, announced today that it has expanded its existing two-year relationship with Newport Corporation by selecting Newport as its preferred supplier for laser and motion subsystems for its integrated Thin Film Photovoltaic (PV) 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.
Newport Corporation is a leading global supplier of advanced photonics technologies to customers in a wide range of industries. The company has developed innovative solutions for the automated manufacturing of solar cells that leverage its expertise in high-power lasers, precision positioning systems, vibration isolation and optical subsystems to enhance the speed and precision of the solar cell manufacturing process.
"We are pleased that XsunX has chosen us as their preferred supplier for lasers and precision motion subsystems, which play a key role in enabling high-precision, high-volume and low cost manufacture of thin film solar panels," stated Robert J. Phillippy, President and CEO of Newport. "We believe that XsunX's selection of Newport is a further validation of our ability to provide value-added solutions to our photovoltaic customers."
"Our relationship with Newport and their Spectra-Physics Lasers Division dates back to when they provided us with assistance in developing techniques for laser scribing of plastic substrates," stated Mr. Tom Djokovich, CEO of XsunX. "When XsunX migrated to designing a glass substrate module, Newport continued to provide support and problem solving expertise. Automating cell integration using lasers gives thin film an enormous economy of scale over crystalline. We are pleased to be working with a globally-recognized leader in the buildout of our multi-megawatt thin film photovoltaic solar manufacturing facility," concluded Djokovich.
For more information about XsunX, please visit 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 XsunX, Inc. 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 XsunX, Inc. 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 XsunX, Inc.
XsunX, Inc. is a featured Company on RenewableEnergyStocks.com
For full details, click here: http://www.renewableenergystocks.com/CO/XSNX/Default.asp
Source: XsunX, Inc.
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
I feel very dubious about about the integrity of the XSunX company. I was approached in 2005 and agreed to buy 33,000 shares from what (I later found out ) was a boiler house in Spain. However, at the time I checked on the web and the technology sounded interesting. I received a contract directly from XSunX but although the amount of money was the same the number of shares shown were only 10,000 - I refused to send payment and received a new contract for the 33,000 shares with payment being made directly to XSunX. After a long wait and many ignored telephone calls - you can only ever leave a message with investor relations - I received a certificate for only 10,000 RESTRICTED shares. Despite many letters - some sent by recorded delivery with a copy of their contract note - and repeated phone calls I have never even received an acknowledgement and am left wondering if this company is part of a gigantic scam as I seem powerless to get the company to honour their contract.
Post a Comment