XsunX plans to integrate its reel-to-reel manufacturing technology into the production system thereby allowing the use of rolls of polyesters such as Polyethylenenapthalate, or PEN, in the manufacture of its transparent solar cells. The Company believes that the use of rolled plastic films to produce large area solar cell systems represents a marketable opportunity to provide the international glass industry with a viable method of manufacturing and delivering integrated window systems that produce electricity, and increase building efficiencies.
"Originally we had planned to design and build a demonstration scale system to assist us in marketing efforts to potential licensees," stated Tom Djokovich, XsunX's CEO. "After further analysis, we determined that building a full scale mass production system would help us to potentially shorten the sales cycle and delivery time of equipment and technology to the first of our future licensees. Additionally, the ability to market the system would allow us to recapitalize the costs associated with its production, reduce long term capital outlays in equipment costs, and move cash flows to the bottom line more rapidly."
The Company anticipates completing the design and engineering process over the next several months and will move into the manufacturing process of the system prior to the end of the year. During this time, XsunX is continuing to refine, enhance, and develop additional aspects of its solar cell design and manufacturing process.
"We have come to a point in the development cycle that allows us to now begin assembling and integrating what we have learned into a mass production system that will allow us to deliver our technology in a reliable and consistent way," stated Dr. Arun Madan, Chairman of XsunX's Scientific Advisory Board. "Taking what we've learned in the labs and delivering these technologies in the form of an integrated manufacturing system will be instrumental in building support for our capabilities within our markets."