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Home  /   Forum   /   BioPharma   /   XSUNX Inc. (XSNX.OB)

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XSUNX Inc. (XSNX.OB)

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  1. [verwijderd] 23 januari 2007 16:29
    Nieuws! Geen idee wat voor waarde het heeft, maar in ieder geval gaat de koers de goede kant op

    KITCHENER, Ontario, Jan. 22, 2007 (PRIME NEWSWIRE) -- Meikle Automation, an industry leader in production automation, and XsunX Inc. (OTC BB:XSNX.OB - News), a leading developer of advanced manufacturing systems and cell structures for solar energy, are pleased to announce a strategic alliance agreement to speed XsunX's thin film photovoltaic products to market.
    ADVERTISEMENT


    Joe Grimes, COO of XsunX, says that strategic alliances with companies which provide specific services allow XsunX to focus on its specialty -- thin film photovoltaics -- while benefiting from the experience of others.

    ``We are in favor of using the resources of knowledgeable individuals and companies like Meikle in the advancement of XsunX,'' Grimes said. ``Benefits of our partnership will include speed to market, ease of manufacturing, cost benefits, flexibility, customer support and risk reduction.''

    XsunX has focused its efforts on lowering the cost per watt of solar power and making solar cell technology easier to use in a wide variety of applications.

    ``XsunX is bringing to market a very exciting thin film photovoltaic technology which we believe has cost benefits and a unique form factor which can broaden the applications for solar cells far beyond the traditional markets,'' said Andrew Meikle, President and Chief Executive Officer of Meikle Automation. ``The ease of manufacturing and the ability to design the cells into novel applications will drive this product forward.''

    Grimes cites unprecedented global growth in the demand for electricity and notes that looking to the sun for affordable, sustainable and safe power has never been more important. ``In working with Meikle, we will advance thin film photovoltaics and the advancement of alternative energy,'' said Grimes.

  8. [verwijderd] 27 april 2007 17:37
    XsunX Plans Multi-Megawatt Thin Film Solar Cell Factory
    Last update: 4/27/2007 10:33:00
    AMALISO VIEJO, Calif., April 27, 2007 /PRNewswire-FirstCall via COMTEX/ -- XsunX, Inc. (XSNX), a developer of advanced manufacturing systems and cell structures for thin film photovoltaic solar energy, is planning to build a multi-megawatt production facility in the United States in order to supply the growing domestic demand for solar cell products that can be easily integrated into buildings and houses. In making this announcement, XsunX is revealing an important new development in its ongoing program of commercializing its thin film technologies. "The growing national and international market opportunities for building integrated photovoltaics clearly support this decision to expand the XsunX business model from a purely licensing and equipment sales model into one of manufacturing the solar devices ourselves here in the U.S.," says Tom Djokovich, CEO of XsunX. "As we work with manufacturing licensees globally on assessing the size of the markets and the return on investment of our manufacturing systems, it became obvious that it was a business opportunity we could not ignore." With this new manufacturing facility, XsunX will focus on providing the U.S. market with thin film solar solutions and products that are easy to incorporate into "green buildings." The demand for these types of products continues to outpace the ability of current solar cell manufacturers to deliver them. "Global warming and global energy needs have converged to create an enormous and growing demand for new solar energy solutions," comments Kurt Laetz, Vice President of Sales and Marketing. Laetz continues, "We anticipate we will soon have manufacturing partners in place internationally, and have decided that the U.S. market could best be served by XsunX itself." "We are planning the manufacturing line around a 5 megawatt modular design which allows us to scale from 5 to 25 to 50 megawatts of production by adding new 5 megawatt lines," stated Joe Grimes, XsunX COO. "There are a number of states that have mandated certain minimum renewable energy production standards and the type of knowledge based jobs that our facility could bring to a region may prove very attractive to regional and state policy makers. We plan to build our first facility where we find the best access to government support and a qualified work force. We are paying special attention to opportunities in California, Massachusetts and, of course, Colorado where our current facilities are located," concluded Grimes.
  11. smith&jones 14 mei 2007 12:13
    Bericht van 10 mei:

    Part III - Narrative

    State below, in reasonable detail, the reasons why Form 10-Q and form 10-KSB, 20-F, 1-K, 10-Q, and Form N-SAR, or the transition report or portion thereof could not be filed within the prescribed period.

    Form 10-QSB for XsunX, Inc. could not be filed within the prescribed period due to the financial statements not being completed in the time period necessary for current filing.

    ...dit helpt dus niet echt....

    S&J.
  12. [verwijderd] 15 mei 2007 15:30
    XsunX Sales Efforts Gain Traction with Sale of 25 MW Thin Films Solar Cell Production System
    Last update: 5/15/2007 9:00:00 AM
    ALISO VIEJO, Calif., May 15, 2007 /PRNewswire-FirstCall via COMTEX/
    -- XsunX, Inc. (XSNX), developer of advanced manufacturing systems and cell structures for solar energy, today announced that Lambda Energia S.A. de V.C., a company pursuing manufacturing opportunities in renewable energy, has entered into agreements with XsunX for the delivery by XsunX of 25 mega-watts of thin film photovoltaic production equipment, valued at over $41 million U.S. Dollars. The agreements, consisting of system sales and a royalty based per watt manufacturing license, provide for 25 megawatts of thin film photovoltaic production equipment and two product development tools specializing in the fabrication of micro-crystalline and amorphous thin film silicon solar cells. Manufacture of the product development tools is scheduled to begin in June 2007 upon receipt of an initial payment of $2.5 million USD from Lambda with delivery scheduled to begin in January 2008, and the balance of production systems slated to begin deliveries in late 2008. Tom Djokovich, CEO of XsunX, announced the sale and license agreements and stated, "This license agreement and equipment sale with Lambda represents a significant milestone in the business development efforts of XsunX. 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 expects to achieve broad market success with the thin film solar products we will manufacture under license from XsunX," stated Dr. Marco Adamo, President and founder of Lambda. "The demand for low cost solar products that can be easily integrated into buildings overwhelms the ability of suppliers to deliver these products," Dr. Adamo continued, "and the thin film products that Lambda will produce using XsunX's technologies are well suited to meet this demand." XsunX continues to aggressively pursue system sales and licensing efforts with a host of international companies and recently announced plans to expand operations domestically to include the manufacture of thin film solar modules. Upon completion of the necessary manufacturing facilities to produce solar modules, XsunX will begin servicing the U.S. market with thin film solar energy products. About Lambda Based in Cuernavaca Mexico, Lambda with its mission to globally provide clean energy infrastructure to help mitigate global warming, is developing a basic research center to achieve high efficiency Thin Film Photovoltaic (TFPV) and simultaneously creating valuable alliances in production and sales with strategic customers. The company has initially focused its efforts in understanding the European market as its strategy to achieve an important global market share in the TFPV segment. More information can be found at the company's website: For more information and Media Relations, contact Investor Relations at Lambda Energia, S.A. de C.V. (+5255) 3624-8150
  13. [verwijderd] 17 juli 2007 15:18
    XsunX Provides Mid-Year Update to Business Development and 100 Megawatt Thin Film Solar Cell Factory Initiatives
    Last update: 7/17/2007 9:00:00 AM
    ALISO VIEJO, Calif., July 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- XsunX, Inc. (XSNX), a developer of advanced manufacturing systems and cell structures for thin film photovoltaic solar energy, today provided a mid- year update on its business development initiatives. Solar Module Facility The Company first announced plans to expand operations to include the manufacture of solar modules in March 2007 when it disclosed an agreement to acquire the manufacturing assets of a Massachusetts based producer of solar modules. While the Company continues to work towards a satisfactory completion of that transaction, it has also pressed forward with plans to begin manufacturing thin-film solar modules. At the center of these plans is the April 2007 announcement of the Company's intent to build a U.S.A. based solar module facility. "We have developed a two stage plan to build out 100MW of production capacity," updated Tom Djokovich, CEO of XsunX. "At the end of this month, we expect to launch the engineering phase for the plant with system build-out beginning shortly thereafter." The Company has designed a core 25MW turn-key line that produces thin-film amorphous silicon modules on glass super-straights. Under initial production capacities, the Company anticipates marketable solar modules can be produced below $1.50 USD per watt with further reductions to cost as capacities and plant utilization increase. In phase one, XsunX plans to install the first of the multiple lines that will make up the 100MW facility. "We are planning to begin the build out of phase two in June of 2008 with commercial module production from the phase one line beginning shortly thereafter," continued Mr. Djokovich. "We believe that this phased roll-out of production capacity will allow us to begin sales and delivery of thin-film modules rapidly while also providing us the opportunity to scale and apply revenues towards the phase two build out and the completion of the total 100MW of production." The Company plans to complete site selection by September and has been conducting an exhaustive review of facilities and incentive plans that different states have offered. Joe Grimes, XsunX's COO, stated, "We have been reviewing approximately 20 proposals and plan to narrow our selection to two states this month. The packages we've seen offer very aggressive business incentives from local, state, and the federal government. When these incentives are applied to operational costs of our facility, we believe it creates significant advantages reducing the cost of production, adding a margin to what we believe is already a well priced and positioned product." Marketing and Sales XsunX has been actively working with interested companies to provide them with turn-key manufacturing facilities based on the 25MW system planned for build out by XsunX itself. These sales are being targeted to markets where the Company feels local suppliers can provide greater market penetration. In Asia, the Company is engaged with several well financed groups, including one which has already signed a letter of intent and is working to finalize system specifications and pricing. In May 2007, XsunX announced an agreement valued at over Forty Million USD for the sale of 25 mega-watts of thin-film photovoltaic production equipment, and two product development tools specializing in the fabrication of micro- crystalline and amorphous thin-film silicon solar cells, to be delivered to Lambda Energia. In July, Lambda notified XsunX that it is working with its investors to finalize financing and facility requirements for the systems and requested an extension to its payment terms. The Company has provided Lambda with a three month payment extension and is continuing to work closely with Lambda providing technical assistance as necessary. The announcement of the Company's expansion into module manufacturing has created an opportunity to begin developing distribution channels for its planned thin-film modules. "We have begun preparing for the launch of our commercial line of thin-film products," stated Kurt Laetz, Vice President of Global Sales and Marketing. "Based upon the results of our initial marketing efforts, we anticipate that we may be able to pre-sell most of the solar module capacity of our planned new facility." Facilities, Research and Development In addition to the design of a turn-key 25MW thin-film amorphous silicon solar module manufacturing system, XsunX has been engaged in several development initiatives for future technologies ranging from patent pending multi-terminal solar cell designs to exploring the commercial viability of new types of plasma deposition sources. In March of 2007, XsunX began the installation of systems designed to provide the Company with direct control and capacity to continue product development and enhancement directly in-house and with diminished dependence on third party vendors. The Company plans to begin bringing these systems on- line this month and has hired additional qualified staff to support internal engineering and R&D efforts. Previously XsunX had conducted R&D extensively through third party vendors, but as offered by Tom Djokovich, XsunX's CEO, "We have determined that research and engineering staff that is directly aligned with and managed by our executive staff and our scientific advisory board provides a more productive environment." Earlier this year, the Company elected a new slate of members to its Scientific Advisory Board ("SAB"). These new members provide XsunX with extensive experience in the areas of material science, plasma deposition, photovoltaic measurement and characterization, and device properties at nanometer to atomic length scales. The SAB has been actively engaged in both assisting and review of the Company's scientific and engineering efforts. Recently, XsunX issued a termination for cause notice to its vendor working under a Phase 4 agreement for the development of commercially viable methods to manufacture patent pending multi-terminal solar cell devices. The decision to terminate was in part the result of an unsatisfactory review of the performance of the vendor by the newly appointed XsunX Scientific Advisory Board. The Company's 25MW system design does not incorporate the use of this multi-terminal device and XsunX does not anticipate any disruption to its current production plans from this change. XsunX plans to bring continued product development efforts for the multi- terminal device in-house. The Company anticipates that in addition to a reduction in direct costs associated with R&D, it will also benefit from greater control over this development program. Summary XsunX believes that its strategy of supplying solar modules to the domestic market from its own 100MW module facility, while simultaneously continuing to market its technologies and systems to manufacturers internationally, diversifies and expands revenue opportunities. The interest and need for both retail solar products and the production systems necessary to deliver these devices is on a global growth track that will require local demands to be met by a host of regional manufacturers. Over the past two quarters, new strategies and organizational changes have been enacted to position XsunX to best tap the sales and revenue opportunities acro
  14. [verwijderd] 24 juli 2007 15:17
    XsunX to Offer Solar Module Production Capacity to Solar System Integrators
    Last update: 7/24/2007 9:01:00 AM
    ALISO VIEJO, Calif., July 24, 2007 /PRNewswire-FirstCall via COMTEX/ -- XsunX, Inc. (XSNX), a developer of advanced manufacturing systems and cell structures for thin-film photovoltaic solar energy, provides insight to its solar module production plans and the roll out of initial marketing efforts for module sales. The Company's plans for the build-out of a 100MW thin-film solar module production facility are proceeding on schedule, both internally and with its equipment vendors. Site selection is underway, engineering is scheduled to begin at the end of this month, and the first phase of system production is slated to begin later this year. Given this continued progress, XsunX is now preparing to launch marketing efforts targeted at obtaining pre-production capacity commitments from qualified systems integrators. "XsunX solar modules will provide solar system installers with an excellent opportunity to expand their business," stated Kurt Laetz, VP of Sales for XsunX. In calendar year 2008, XsunX anticipates that its initial manufacturing line will provide approximately 17,000 much-needed solar modules for sale and delivery. With the planned completion of the full 100MW of production facilities in 2009, capacity would grow to over 950,000 modules annually. "Based on current retail installation prices and the shortage of available solar modules, at full production our facility could help create some $1 billion in potential retail sales revenue for system integrators installing XsunX modules," concluded Laetz. Mr. Tom Djokovich, CEO of XsunX, commented on the Company's transition into module production, "After months of market study and planning, we concluded that a move into module production represents the best strategy to quickly build revenue channels. The time and resources it takes to build and deliver a manufacturing system is the same whether that system is sold to a licensee or placed into service for XsunX," Djokovich explained, "and the revenue we can derive from selling 100MW of solar modules is significantly higher than the revenue we derive from selling a 100MW manufacturing system." XsunX plans to launch its new marketing campaign at trade and industry shows this fall, targeting large scale integrators, commercial installers such as power purchase agreement providers, and utilities, governments and others looking to meet renewable mandates.

    Dirk
  16. [verwijderd] 17 december 2007 13:08
    XSunX Inc. Rated 'Speculative Buy' Target Price $1.50 by Beacon Equity Research
    Last update: 12/17/2007 7:00:03 AM
    DALLAS, Dec 17, 2007 (BUSINESS WIRE) -- XSunX Inc. (XSNX) has been rated Speculative Buy with a price target of $1.50 by Beacon Equity Research Analyst, Lisa Springer, CFA. The full report is available at . Anyone interested in receiving alerts regarding XSunX Inc. research should email members@beaconequityresearch.com with "XSNX" in the subject line. In the report, the analyst writes, "XsunX, Inc. was created in 2003 to develop and commercialize advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. Over the past year, the Company has shifted its focus from licensing its technologies to using its technologies to design cutting-edge manufacturing systems for producing and marketing thin-film amorphous solar modules. The Company owns three patented technologies relating to photovoltaic technology design, manufacturing processes, and technology development. The Company has begun work on a multi-megawatt solar module production facility in the US." Other companies in the solar energy sector include BioSolar Inc. (BSRC), First Solar Inc. (FSLR), SunPower Corp. (SPWR), and SunTech Power Holdings (STP). Beacon Equity Research Disclosure The analysts contributing to this report do not hold any shares of XSunX Inc. (XSNX) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated a total of fifteen thousand dollars directly from the company for enrollment of XSNX in its research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. SOURCE: XSunX Inc.
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