ALISO VIEJO, Calif., March 3 /PRNewswire-FirstCall/ -- XsunX, Inc. (BULLETIN BOARD: XSNX) , provided an update on the status of their facility selection and preparation of manufacturing operations in Oregon, USA.
In preparation for the establishment of its thin film solar module manufacturing facility, XsunX has been engaged in a detailed search for an appropriate building. The Company has narrowed its selection to two suitable buildings and has engaged facility and manufacturing system design teams to evaluate each building. Work currently being performed by the XsunX staff and design teams includes evaluation of existing on-site support systems, manufacturing floor plan usability studies, and facility improvement cost analysis.
"We are working to finalize these efforts so that we may complete our lease negotiations as soon as possible," stated Mr. Joe Grimes, COO for XsunX. "As we have previously announced, our plan is still to secure a building to house our thin film solar module manufacturing systems by the end of March and that's what our team is working diligently to accomplish."
The Company is engaged in several parallel efforts to establish its planned thin film solar module manufacturing capabilities. In addition to current efforts to finalize a manufacturing facility lease, the Company has also begun placing orders for the major system components necessary to build its planned solar module manufacturing line. To date, orders have been placed for plasma deposition systems, sputtering systems, and lasers systems.
These major components, along with other minor subsystems, are scheduled to begin arriving later this year. In preparation for the arrival of its systems, XsunX has planned to secure a manufacturing facility by the end of March, if not earlier, and begin facility improvements in the May/June period. XsunX believes this milestone will provide ample time for facility improvements including electrical, gas, plumbing, and other systems necessary to support its manufacturing lines.
For more information about XsunX, please visit 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.
