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8-K - NovAccess Global Inc. | v162887_8k.htm |
EX-99.1 - NovAccess Global Inc. | v162887_ex99-1.htm |
Letter
to XsunX Shareholders:
XsunX
Reports Progress on Expanded Business Development Efforts
To Our
Valued Shareholders,
In last
month’s progress update we told you that our scientific staff had established
full-time operations on-site with a hard disc drive (HDD) equipment
manufacturer. In a subsequent press release we were pleased to announce that our
HDD equipment partner is Intevac, Inc., the world’s leading provider of magnetic
media deposition equipment to the HDD industry.
In
case you missed the news release announcing Intevac, please visit the News page
on our website:
http://xsunx.com/news-archives.aspx
We stated
in our August progress report that a September project goal was to begin testing
an evolving evaporation source design that we plan to then adapt to existing
high-rate processing tools from Intevac’s extensive line of proven, world-class
magnetic media and imaging systems.
Our
progress has been consistent with that goal, and we began evaporating metal,
analyzing results, and establishing deposition rates for both the evaporation
source and sputtering tools. There are a number layers to the CIGS structure and
for the next several months our work effort will be to analyze results and
refine designs, leading to the combination of these designs within a tool set
and the ability to deposit CIGS devices.
Over the
past month we have received numerous questions from investors related to Intevac
and the use of Intevac technologies for our announced CIGS manufacturing
technology development. The easiest way to explain what we are doing is to first
mention that two of the established methods for manufacturing a CIGS solar
device are (1) sputtering and (2) sputtering combined with evaporation. Using
sputtering technologies alone, it is possible to manufacture all of the layers
necessary to make a CIGS device. However, industry research has shown that
sputtering alone has not achieved the same efficiency milestones that have been
achieved when sputtering is used in combination with evaporation techniques to
make the CIGS device.
What we
are working towards is to adapt process recipes for the deposition of the
non-core solar absorbing and conversion layers to sputtering tools previously
developed by Intevac. These sputtering tools have benefited from years of proven
industrial use, and we are finding them to be highly adaptable to our needs and
well suited for use in the solar field. Separately, and with a focus on
establishing what we believe to be the basis for achieving higher conversion
efficiencies, we are developing evaporation source technology to produce the
CIGS core solar absorber. We plan to adapt these designs to other Intevac
equipment leveraging numerous existing system features with the goal of reducing
costs and time to market. To our knowledge the use and adaptation of HDD
equipment in this hybrid manner for CIGS PV manufacturing applications is not
available in the market today.
For those
shareholders interested in learning a little more about CIGS and the various
manufacturing methods, the October issue of Solar Industry Magazine
contains a cover article authored by XsunX CTO Robert Wendt, titled “CIGS
Deposition: A Crucial Challenge”.
For
more information about Solar Industry Magazine:
http://www.solarindustrymag.com/page.php?2
The
article is available to the magazines subscribers. For those
shareholders without subscription, we hope to make the article available on our
website later this month.
I thank
you for your support of XsunX and look forward to sharing company developments
with you as we continue progress on multiple fronts. If you have any
questions in the meantime, please contact our Investor Relations desk at investors@xsunx.com
or (888) 797-4527.
Yours
Truly,
Tom M.
Djokovich, CEO
XsunX,
Inc.
Safe Harbor
Statement: Matters discussed in this shareholder news letter contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. When used in this shareholder news letter, 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.