XsunX, Inc. announced today that it has entered into a two-year supply contract to sell 15 megawatts of its ASI-120 thin-film photovoltaics solar modules. The company purchasing the modules is a full service solar power company specializing in commercial and solar farm projects located in California and Hawaii.
Tom Djokovich, CEO of XsunX, stated, “We are pleased to announce this sales agreement to supply 15 megawatts of our ASI-120 TFPV solar modules. This agreement represents approximately $37 million dollars in total contract value with an initial 5 megawatts valued at $13 million slated for delivery in calendar 2009, and the remaining 10 megawatt balance for delivery in calendar 2010.”
“The recent passage of an eight year extension to the 30% Federal Investment Tax Credit is spurring renewed vigor in solar project demand and we are working to fill our projected production capacity over the next several years with additional purchase agreements,” concluded Djokovich.
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