Attached files
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| 8-K - NovAccess Global Inc. | v209281_8k.htm |
Letter
to Shareholders
XsunX
Expands Technology &Business Development Pipeline
Date:
1.24.2011
To Our
Valued Shareholders,
Over the
last several months,we have shared many important company milestones with you
beginning with the rapid achievement of high conversion efficiency CIGS
celldevices, working to protect our CIGSolar™ technology through the patent
process, and building a sales pipeline of potential licensees. These
updates have focused mainly on the solar cell development process and associated
business updates. This week’s exciting updateinvolves the critical elements for
the use of solar cells that will be produced by our technology – specifically
solar module assembly.
Recently,
we began to forge arelationship with a solar module assembler to work with our
CIGSolar cells to produce solar modules.Our two companies have been working on a
limited basis developing an understanding of each party’s capabilities and
recently we’ve seen some promisingprogress.We are now expanding the relationship
and areworking to finalize a Joint Business Agreement.
There are
several benefitsof expanding this important relationship to both
parties. First for XsunX, it provides us access to extensive solar
modular manufacturing expertise and existing crystalline silicon assembly lines,
which we have earmarked as a major customer group. Secondly, both
parties will be working closely to produce sample CIGSolar modules, allowing
XsunX to further complete the commercialization process, and our partner to
develop confidence in the use of CIGSolar cells as an alternative to the use of
silicon cells. And finallyfor XsunX,providing sample solar modules topotential
licensees will help to provethe suitability of our CIGSolar technology as a
robust and less expensive alternative to silicon.
We remain
grateful to you, our shareholders, for recognizing and supporting the potential
of our CIGSolar technology, competencies, and vision. We look forward to sharing
more details about ourtechnology and business development efforts in the near
future.
As
always, if you have any questions in the meantime, please contact our Investor
Relations desk at investors@xsunx.com or (888) 797-4527.
Sincerely,
Joseph
Grimes, President and COO, XsunX, Inc.
Safe
Harbor Statement: Matters discussed in this shareholder newsletter contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. When used in this shareholder newsletter, 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.