XsunX Signs Supply Contract For Thin-Film Modules


XsunX Inc., a solar technology company engaged in the build-out of its multi-megawatt thin-film photovoltaic solar manufacturing facilities in Oregon, has entered into a two-year, 15 MW supply contract for the sale of ASI-120 TFPV solar modules to a full-service solar power company specializing in commercial and solar farm projects located in California and Hawaii.

‘This agreement represents approximately $37 million dollars in total contract value, with an initial 5 MW valued at $13 million slated for delivery in calendar 2009, and the remaining 10 MW balance for delivery in calendar 2010," states Tom Djokovich, CEO of XsunX." The recent passage of an eight-year extension to the 30 percent 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."


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