PRZOOM - /newswire/ -
Aliso Viejo, CA, United States, 2005/06/08 - XsunX, Inc. announced today that its recent development of transparent solar cells on thin-film plastics has moved the Company closer to its goal of having its Power Glass(tm) technology used in the design and construction of modern buildings..
XsunX Transparent Solar Cell on Thin-Film Plastics Moves Closer to Ushering in a New Generation of Energy Efficient Buildings
XsunX, Inc. (OTCBB: XSNX), developer of Power Glass(tm) -- an innovative solar technology that allows windows to produce electricity from the power of the sun, announced today that its recent development of transparent solar cells on thin-film plastics has moved the Company closer to its goal of having its Power Glass(tm) technology used in the design and construction of modern buildings. The Company's Power Glass(tm) initiative is driven by the growing worldwide interest in the building integration of renewable energy systems.
The process of integrating energy producing technology into building design and materials is known as Building Integrated Photovoltaics or ``BIPV.'' In the use of BIPV technologies, the solar power elements actually become an integral part of the building, often serving as the exterior weathering skin. The Company is working to commercialize its Power Glass(tm) technology for applications in the worldwide architectural glass and building material markets as a BIPV technology.
The rising demand for electrical power generation sources is fueling the robust growth in international markets of installed solar electric systems. In the U.S., this demand is anticipated to grow substantially from less than 0.4 GW in 2003 to 200GW by 2030. This growth in installed solar systems would equate to the same amount of new solar electrical production by 2030 as having built 40 new large nuclear facilities. For an approximate comparison, a large nuclear power plant generates about 5GW of power.
"Electrical power generation is rapidly becoming an issue of not how much fuel is needed to meet growing power generation demands, but rather the cost of building new power generation facilities, distribution networks, and dealing with the environmental impacts,'' said Tom M. Djokovich, CEO, XsunX, Inc.
XsunX believes that the use of inexpensive plastics to produce rolls of thin-film transparent solar cells may represent a high degree of commercial viability to the multi-billion dollar glass and high performance coatings industry. The use of plastics is very prevalent in the thin films industry for the manufacture of non energy producing films that control solar heat and UV rays in windows worldwide. The Company intends to integrate the use of these types of films into the scalable aspects of its patented reel-to-reel manufacturing process to produce rolls of transparent solar cells.
XsunX, Inc. is developing Power Glass(tm) -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun. This means that inhabitants of buildings that have Power Glass(tm) films integrated into the skin of the building will be able to continue to view the great outdoors -- as if they were looking through conventional glass windows. The difference is that these windows will now produce electricity to use to offset dependency on local utility supplied power and increase overall building operational efficiencies. This use of photovoltaics in building materials is a growing market opportunity referred to as Building Integrated Photovoltaics or "BIPV". XsunX intends to become a recognized leader in the Building Integrated Photovoltaics industry. The Company plans to market the XsunX Power Glass(tm) solar cell structure and manufacturing process as a competitive alternative to non-energy producing coatings and glazing for applications in the worldwide architectural glass, optical film, and plastics markets.
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.
Source: XsunX, Inc.