XSUNX Inc (XSNX.OB) is a California-based company which is developing and commercializing new amorphous silicon thin-film photovoltaic solar cell technologies and manufacturing processes. The company has spent the last three years researching amorphous silicon and intends to mass produce amorphous silicon modules on glass panels.
XSUNX has focused on the development of thin-film amorphous technologies due to its inherent advantages over other solar absorbers. Amorphous silicon requires less incident light to begin working, which means that an amorphous silicon module can begin to produce power earlier in the day and later into the evening than other technologies. Amorphous silicon is also more effective and does not degrade like other thin film in very hot climates. These advantages should help the company obtain a piece of the thin-film solar products market, which is growing at over 33% annually.
On May 28, 2008, XSUNX announced that it has expanded its existing two-year relationship with Newport Corp (NEWP:NASDAQ) by selecting Newport as its preferred supplier for laser and motion subsystems for its integrated, thin-film photovoltaic manufacturing line. These products are used to create monolithically interconnected cells on the solar panels and to laser scribe bar codes on the panels for quality control purposes. This agreement is part of XSUNX’s overall plan to grow their manufacturing capacity for thin-film photovoltaic solar modules to over 100 megawatts by 2010.
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