The Company is expanding its R&D capabilities by adding new process development equipment and technical expertise in key research areas of thin-films and laser process development.
"Over the last year we've made progress in the development of transparent thin-film solar cells, expanded our intellectual property assets, and added key manufacturing techniques," stated Tom Djokovich, CEO of XsunX. "Our plan is to now use this next phase of development to finalize a licensable process by combining the on-going results of our development efforts into the manufacturing process line."
The Company believes that a reel-to-reel manufacturing technique that it licensed last year may lower manufacturing costs for the production of flexible solar cell structures on rolls of thin-film plastics. The Company plans to use this next phase of product development to integrate the reel-to-reel manufacturing technique into the Power Glass process.