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Tuesday, August 03, 2010

The Evolution of the Solar Industry; Q&A with Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX), Developing CIGSolar™, CIGS Thin Film Solar Technology

The Evolution of the Solar Industry; Q&A with Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX), Developing CIGSolar™, CIGS Thin Film Solar Technology

August 3, 2010 ( renewable energy/green newswire) and its green investor portals provide the following Q&A for investors following solar stocks and the solar industry, with Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX), a solar Company developing CIGSolar™ Technology.

Tom, your company has been in the solar industry for years and witnessed the changes in technology. Crystalline silicon photovoltaic technology, first developed over 50 years ago is now being surpassed with greater efficiencies with thin film. It is a race for greater efficiencies . For investors, can you give us your inside perspective on the changes in the industry and how your company has evolved with the industry?

A: Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX)

XsunX, Inc. (OTCBB: XSNX) is working a next generation of solar, developing CIGSolar™ Technology. Can you tell us what CIGS thin film solar is and what are its advantages?

A: Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX)

One of the industry players in thin film solar, Solyndra was one of the first solar companies funded through the Department of Energy under Secretary Chu, with a guaranteed a $535 million loan so that the company could build its factory. In your recent update in a letter to shareholders, you reported
IBIS Associates, a technology strategy and business development consulting company based in Waltham, Massachusetts was preparing your submission for the latest DOE Funding Opportunity (DOE-FOA-0000234), tasked with determining the potential total annual impact of XsunX’s CIGSolar™ technology in terms of the overall PV industry by comparing it to the declining cost of traditional multi-crystalline silicon cells over a five-year time horizon.
IBIS quantified these savings in terms of Levelized Cost of Energy (LCOE), by utilizing the National Renewable Energy Laboratories (NREL’s) Solar Advisor Model which forecasts the savings from our technology as a replacement for the use of silicon cells. Incorporating our Joint Venture licensing model under which we plan to distribute CIGSolar™ technology, IBIS Associates determined that by the year 2015, this savings could total over $646 million.
Further, IBIS reported that "Xsunx's PV Cell technology in many ways can be thought of as a "drop-in" replacement for the current multi-crystalline silicon cell value stream, with the notable exception that it is much more capital efficient and cost effective. Moreover, XsunX's CIGS PV cells will eventually "outstrip" the baseline mc-Si cell in terms of conversion efficiency."

For investor’s perspective, can you give us a comparison of the two companies and how your company as a smaller company in the space can apply for and hope for DOE funding to help position you as a competitor in CIGS solar? And what is the process ?

What are the next steps investors can expect to watch in terms of developments with your CIGSolar™ Technology?

A: Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX)

About XsunX, Inc. - Solar Products for Life on Earth
XsunX, Inc. (OTCBB:XSNX) is working to provide a clean and capital efficient solution for the mass production of the highest efficiency, lowest cost CIGS thin-film solar cells using our new CIGSolar™ technology.

See the XsunX, Inc. Flash Video - The CIGSolar Difference
View Video here

Visit the Company Profile page for XsunX, Inc. (OTCBB: XSNX)

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