ALISO VIEJO, Calif., Oct. 20 /PRNewswire-FirstCall/ -- XsunX, Inc.
(OTC Bulletin Board: XSNX), a solar technology company, announced today that
it has entered into an agreement with Spire Corporation (Nasdaq: SPIR) and
Shuttleworth Inc., who will provide components to complement the company's
TFPV manufacturing system.
Spire Corporation will supply solar module laminating, wiring, and test
equipment for use in the packaging or 'back-end' portions of the Company's
25MW Thin Film Photovoltaic ('TFPV') solar module assembly process.
Shuttleworth, Inc., located in Huntington, Indiana will provide the material
handling and automation systems necessary to interconnect the various twenty-
two processes of the Company's manufacturing system into a continuous TFPV
solar module assembly line. When fully operational the a-Si PECVD deposition
system is designed to process eighty eight 1.6 m? glass panels simultaneously
with eight solar panels moving into the back-end testing and packaging portion
of the manufacturing line every twelve minutes. With the aid of the Spire and
Shuttleworth systems the solar module final assembly process is designed to
complete the assembly of an XsunX ASI-120 solar module every ninety seconds.
While the overall design of the XsunX system is proprietary to XsunX
certain of the system providers selected by XsunX also supply components to
well know semi-conductor systems manufacturers. 'We've endeavored to leverage
the previous solar commercialization experience and success of our senior
engineering and scientific staff with that of proven vendors for the design of
our TFPV manufacturing system,' stated Mr. Tom Djokovich, CEO for XsunX. 'The
outcome we believe is an overall TFPV manufacturing system cost close to one
third the costs for delivery of a system from prominent semi-conductor
manufacturers. We see this as a significant advantage resulting in lower start
up, expansion, and system replication costs,' concluded Mr. Djokovich.
For more information about XsunX, please visit http://www.XsunX.com
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production
lines and capital equipment to manufacture photovoltaic modules and cells
worldwide. Spire Semiconductor provides processing technology for Spire's
silicon solar cell manufacturing lines and produces and sells custom gallium
arsenide cells for solar concentrator systems.
About Shuttleworth, Inc.
Founded in 1962, Shuttleworth is the innovator of Slip-Torque, low line
pressure, accumulating conveyor systems. The company's headquarters is located
in Huntington, Indiana with facilities in Belgium and offices in Malaysia.
Additional information about Shuttleworth is available by visiting
www.shuttleworth.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 XsunX, Inc. 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 XsunX, Inc. 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 XsunX, Inc.
SOURCE XsunX, Inc.
