XsunX 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.
