XsunX Continues to Expand Development Efforts; Collaborative Ventures Extend XsunX's R&D Capabilities.ALISO VIEJO, Calif. -- XsunX, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XSNX), developer of an innovative process to produce solar electric vision glass, has entered into a collaborative venture for the use of world class research and development facilities to further technology development of its semi-transparent solar electric glazing Glazing The application of finely ground glass, or glass-forming materials, or a mixture of both, to a ceramic body and heating (firing) to a temperature where the material or materials melt, forming a coating of glass on the surface of the ware. processes. The collaboration with MVSystems, Inc., which provides R&D for the U.S. Department of Energy, is structured under a deliverables program providing incentives for various milestone achievements. The Company is now working with specialists in the laser sciences field for the development of laser processes related to the manufacture of large area semi-transparent solar cells solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. . "We are very pleased with our laser research results and progress to date," stated Tom Djokovich, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of XsunX, Inc. "We hope to build on our success with MVS (Multiple Virtual Storage) Introduced in 1974, the primary operating system used with IBM mainframes (the others are VM and DOS/VSE). MVS is a batch processing-oriented operating system that manages large amounts of memory and disk space. and structure a collaborative incentive based milestone program with a laser science group helping to accelerate the development and commercialization of our Power Glass(TM) technology." These efforts are part of XsunX's ongoing plan to establish collaborative ventures with select qualified facilities that specialize in material, manufacturing, and laser engineering sciences. Anticipated to provide the Company with the fastest path to marketable products, this development process maximizes the use of capital resources, and is providing broad access to material, manufacturing, and laser engineering facilities and technical expertise. About XsunX Based in Aliso Viejo, California Aliso Viejo is a city in Orange County, California, United States. As of the 2000 census, Aliso Viejo population was 40,166. Aliso Viejo became Orange County's 34th city on July 1, 2001, and has been the only city in Orange County to incorporate since 2000. , XsunX is in the business of developing, commercializing, and licensing processes for the manufacture of semi-transparent photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. glazing technologies. XsunX is focused on leveraging its broad portfolio of patents to commercialize its Power Glass(TM) technology as a source for integrating renewable power generating properties onto millions of square feet of modern architectural glass and building facades. As a competitive alternative to non-energy producing coatings and glazings, XsunX anticipates tapping market opportunities for applications in the worldwide architectural glass, optical film, and plastics markets. Upon completion, XsunX believes that Power Glass(TM) glazings can provide a perfect fit for the wide scale integration of real energy producing products into living and working environments without causing disruptive and costly changes to lifestyles. Please visit the Company's website for more information: http://www.XsunX.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Matters discussed in this press release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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