XsunX Inc., a developer of thin-film solar photovoltaic technologies, has released a strategic plan under which the company will move away from in-house manufacturing and focus on technology development, marketing and sales.
In addition, XsunX intends to enter into manufacturing supply or licensing agreements with solar PV manufacturers to service its existing sales agreements and new sales opportunities. The company says it will either create joint business agreements, contract for production services or license its proprietary technologies.
‘With the high costs required to establish and maintain in-house manufacturing operations, we believe that leveraging and adapting the use of existing infrastructure available from other companies is a very attractive option,’ states Tom Djokovich, XsunX CEO. ‘This plan allows us to reduce start-up and operating costs, better service or assist partners in servicing new regions, and refocuses resources towards the development and deployment of new solar PV technologies through multiple partners.’
SOURCE: XsunX Inc.