ALISO VIEJO, Calif., Oct. 18, 2005 (PRIMEZONE) -- XsunX, Inc. (OTC BB: XSNX.OB - News ),
developer of Power Glass(tm) -- an innovative solar technology that allows glass
windows to produce electricity from the power of the sun -- announced that it
has expanded its business opportunities to include the product development of
a new opaque solar cell device. This unique four-terminal solar cell design
uses a combination of thin film transparent cell technology, derived from the
company's Power Glass initiative, with that of a nano-crystalline solar cell.
XsunX believes that the combination of these two technologies into a single
device holds a promising opportunity to deliver low cost, high efficiency, flexible,
and light weight solar cells providing performance characteristics commonly
found only in various forms of expensive crystalline wafer technologies.
The design of the four-terminal thin film solar
cell provides many advantages to existing multi-junction
solar cell designs. A primary benefit is that the
four-terminal cell does not require electrical current
matching between each cell. This circumvents a common
problem plaguing multi-junction devices that can
cause reduced overall solar cell power output. Stability
issues are also addressed through the use of low
band gap nano-crystalline junction materials and
ultra-thin amorphous silicon materials to create
a stable and efficient solar cell stack. Low temperature
processing capabilities of this design may further
increase manufacturing efficiencies allowing the
use of inexpensive plastic substrate materials currently
in use by the company.
The decision to diversify the company's product
base to include opaque solar cell designs was fueled
by what the company sees as explosive international
growth in the demand for opaque solar cell products
and applications. In countries such as China, Japan,
Germany, and in the U.S., there is a growing trend
supporting the increased use of green building designs
promoting the use of integrated solar technologies
within building materials. XsunX anticipates that
the development of a stable, high-efficiency, thin
film solar cell could provide building material manufacturers
with a preferred alternative to the use of lower
efficiency multi-junction thin films and the more
costly multi-crystalline solutions.
``In evaluating this technology, we saw it as a
perfect opportunity to leverage some of our existing
technologies in the development this new solar cell
device,'' stated Tom Djokovich, XsunX's CEO. ``Expanding
our product base to include opaque solar cells will
allow us to offer BIPV solutions for transparent
building surfaces such as architectural glass, and
the balance of buildings opaque surfaces such as
residential and commercial roofs systems. Our business
goal has always been to develop products with applications
that promote the wide scale use of photovoltaic technologies.
We believe that our transparent Power Glass and new
opaque four-terminal solar cell technologies will
allow us to realize this goal,'' concluded Mr. Djokovich.
About XsunX
Based in Aliso Viejo, California, XsunX is the developer
of Power Glass -- an innovative Building Integrated
Photovoltaic solar technology that allows glass windows
to produce electricity from the power of the sun.
This proprietary process is intended to allow manufacturers
to apply a transparent and photovoltaic glazing to
glass and other transparent substrates. When XsunX
glazing is exposed to light, the light energy is
converted into electrical energy for use as a power
source. XsunX believes that its solar electric glazing
technology has a number of major market opportunities
in the worldwide architectural glass, optical film
and plastics markets. Please visit the company's
Web site for more information: http://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 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.
Contact: XsunX, Inc. Media Relations
(949) 330-8060 Source: XsunX, Inc.
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