ALISO VIEJO, Calif., May 12 /PRNewswire-FirstCall/ -- XsunX, Inc. (OTC
Bulletin Board: XSNX - News), a solar technology Company engaged in the
build-out of its multi-megawatt thin film photovoltaic (TFPV) solar
manufacturing facilities, announced today that the sublease of its new
manufacturing facilities has been approved by the primary landlord, and
that demolition work to remove unnecessary and obstructive infrastructure
commenced the week of May 5th.
This demolition work is required to prepare the facility for XsunX
improvements specific to its TFPV manufacturing processes. The Company has
scheduled demolition to be completed in July with facility improvements
scheduled to begin immediately thereafter.
The existing 90,000 square foot building, located in the City of Wood
Village just east of Portland, Oregon, provides XsunX with extensive
industrial manufacturing infrastructure including multiple clean air
management systems, emergency power generation system, over 200 tons of
water chilling capabilities, water purification and vacuum systems for
substrate cleaning, and extensive air support systems to manage heat
produced from TFPV manufacturing operations. XsunX has agreed to purchase
these systems for approximately $112,000 along with a host of other
industrial apparatus including support equipment such as office,
networking, and telecommunications infrastructure.
"We are very pleased with the terms of our equipment purchase agreement
and the capabilities of these relatively new systems." commented Mr. Joe
Grimes, COO for XsunX. "We are continuing to benefit both financially and
logistically from the selection of this manufacturing site. We have been
busy moving our plans forward and in April, we completed architectural
drawings outlining demolition requirements which received city building
approval the week of May 5th. In conjunction, we are preparing our facility
improvement plans which are scheduled to be completed by mid June. In an
effort to achieve our growth plans, we have begun hiring staff in Oregon to
supervise our facility renovations and to meet our staffing needs,"
concluded Grimes.
XsunX has hired an on-site Facilities Manager who is intimately
familiar with the existing facilities and former operations. The Facility
Manager will be an invaluable resource in supervising the preparation and
subsequent operation of the facility for XsunX's TFPV manufacturing
operations. The Company has also hired an on-site Human Resource Specialist
to prepare and initiate hiring plans for adding a large number of employees
to the XsunX team. The Company has also begun working with local community
colleges to establish training programs and plans to announce on-site job
fairs as work progresses.
For more information about XsunX, please visit http://www.XsunX.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 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.
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Related links:
http://www.XsunX.com
CONTACT:
XsunX, Inc. Investor Relations,
+1-888-797-4527
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