XsunX Announces Agreement with Newport Corporation as Its Laser Subsystems Supplier
May 28 /PRNewswire-FirstCall/ -- XsunX, Inc.
(OTC Bulletin Board: XSNX - News), a solar technology company engaged in the
build-out of its multi-megawatt solar module manufacturing facility, announced
today that it has expanded its existing two-year relationship with Newport
Corporation (Nasdaq: NEWP) by selecting Newport as its preferred supplier for
laser and motion subsystems for its integrated Thin Film Photovoltaic (PV)
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.
Newport Corporation is a leading global supplier of advanced photonics
technologies to customers in a wide range of industries. The company has
developed innovative solutions for the automated manufacturing of solar cells
that leverage its expertise in high-power lasers, precision positioning
systems, vibration isolation and optical subsystems to enhance the speed and
precision of the solar cell manufacturing process.
'We are pleased that XsunX has chosen us as their preferred supplier for
lasers and precision motion subsystems, which play a key role in enabling
high-precision, high-volume and low cost manufacture of thin film solar
panels,' stated Robert J. Phillippy, President and CEO of Newport. 'We
believe that XsunX's selection of Newport is a further validation of our
ability to provide value-added solutions to our photovoltaic customers.'
'Our relationship with Newport and their Spectra-Physics Lasers Division
dates back to when they provided us with assistance in developing techniques
for laser scribing of plastic substrates,' stated Mr. Tom Djokovich, CEO of
XsunX. 'When XsunX migrated to designing a glass substrate module, Newport
continued to provide support and problem solving expertise. Automating cell
integration using lasers gives thin film an enormous economy of scale over
crystalline. We are pleased to be working with a globally-recognized leader
in the buildout of our multi-megawatt thin film photovoltaic solar
manufacturing facility,' concluded Djokovich.
For more information about XsunX, please visit 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 XsunX, Inc. 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 XsunX, Inc. 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 XsunX, Inc.
SOURCE XsunX, Inc.