12/5/2005 - XsunX, Inc. (OTCBB: XSNX), developer of Power Glass(TM) -- an innovative thin film solar technology that allows glass windows to produce electricity from the power of the sun, announced that it has expanded the number of product development relationships it has with manufacturers of glass and thin films products.
This expansion is part of a program launched in May in which the Company began working with a select number of manufacturers in the glass, thin films and automotive industries whose creativity and innovative ideas could help drive the development of exciting applications for Power Glass(TM) photovoltaic thin films. The Company is providing these manufacturers with samples of Power Glass thin films and plans to adapt the on-going results of these working relationships into its manufacturing process line to meet the needs of its future licensees.
"It is exciting working with manufacturers and seeing how they envision the use of our Power Glass films in their products to bring additional function and value to their product line," stated Tom Djokovich, CEO of XsunX. "Working with manufacturers also marked the expansion for us from pure R&D operations into the business development arena. Although we still have more work to complete before we can begin licensing efforts, our entire team is committed to driving these product development tests into revenue producing relationships as soon as possible," concluded Mr. Djokovich.
Based in Aliso Viejo, California, XsunX is the developer of Power Glass -- an innovative thin film solar technology that allows glass windows to produce electricity from the power of the sun. This proprietary process is intended to allow manufacturers to apply a semi-transparent and photovoltaic glazing to glass and other transparent substrates. When XsunX thin films are exposed to light, the light energy is converted into electrical energy for use as a power source. XsunX believes that its solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets.
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