UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K


 
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 20, 2015

XSUNX, INC.
(Exact name of registrant as specified in its charter)
         
Colorado
 
000-29621
 
84-1384159
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
         
65 Enterprise, Aliso Viejo, CA  92656
(Address of principal executive Offices) (Zip Code)
         
         
Registrant’s telephone number, including area code: (949) 330-8060
         
                                                                                                        
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

      o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

      o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

      o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

      o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 
 
SECTION 7 – REGULATION FD

Item 7.01 Regulation FD Disclosure.

Press Release

The information in this Item 7.01 of this Current Report is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.
 
On May 20, 2015, XsunX, Inc. (the “Company”) issued a Press Release (the “Press Release”) announcing that a strategic expansion of operations to include direct design and construction of solar carport systems, focused at reducing costs and increasing the Company’s competitiveness, has produced over 1.3MW in pending solar carport proposals already under customer review, and allowed the Company to secure its first carport design/build agreement for a 160kW system in Anaheim California.

A copy of the Press Release is attached hereto as Exhibit 99.1

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed herewith.

Exhibit No.
 
Description
     
99.1
 
 
 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
XSUNX, INC.
     
Date: May 20, 2015
By:  
/s/ Tom M. Djokovich
 
 
Tom M. Djokovich
 
Title: CEO/Secretary

 


Exhibit 99.1
 

XsunX Leverages Construction Expertise to Drive Sales Results

Improved pricing results in early sales success as the Company targets solar carport market

Aliso Viejo, CA – May 20, 2015 – XsunX, Inc. (OTC: XSNX), a leading solar power solutions provider, commented today on the rapid growth in customer interest resulting from the Company’s recent strategic expansion of operations to include direct design and construction of solar carport systems. This has allowed the Company to significantly reduce costs, and offer a more rapid Return on Investment (ROI) for customers who purchase the Company’s solar power systems.
 
With over 1.3MW in pending solar carport proposals already under customer review, XsunX secured its first carport design/build agreement for a 160kW system in Anaheim California. The Company is optimistic in its belief that this sale, now in the financing stage, is a strong indicator of customer interest for future agreements, specifically for businesses and organizations seeking to implement cost efficient solar power carports.
 
Leveraging the executive leadership’s background and expertise in construction operational efficiencies and materials procurement, the Company recently developed direct sourcing relationships for the materials and engineering of commercial solar carport assemblies. Taking direct control of the components and assembly processes for solar carports has reduced the Company’s costs by as much as 40%, allowing XsunX to offer exceptional pricing without sacrificing margins.
 
The solar carport market has been a frequent topic for discussion in how to best drive down solar costs. Green Tech Media recently stated that expectations are that “the market will surpass 200 megawatts in 2015 on its way to achieving more than 300 megawatts of added installations in 2017.”
 
“Blending our construction experience with top-tier solar know-how has strengthened our position as a leading solar power provider in the Southern California region,” said Tom Djokovich, CEO of XsunX, Inc. “Our goal was to significantly reduce costs, empower our sales group with a competitive pricing edge, and attract customers without simply sacrificing margins. The best way to compete and gain market share in the commercial solar space is to offer the best overall ROI for your product. We believe, and the early results indicate, that we are on the right track.”
 
About XsunX
 
XsunX provides solar energy solutions that deliver significant bottom-line financial benefits to businesses. We specialize in the sale, design, and installation of commercial solar power systems. The company has developed a highly skilled team of qualified engineering and specialty contractors with extensive commercial solar experience necessary to service the diverse conditions that can be encountered in commercial buildings. We couple this superior design and delivery capability with factory direct pricing and zero down financing options to provide exceptional solar power investment opportunities for our customers.
 
For more information, please visit the Company’s website at www.xsunx.com, or to learn more about the benefits of solar energy for your business schedule a free PV project assessment.
 
Safe Harbor Statement
 
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
 
Company Contact:
 
Tom Djokovich, President and CEO
949-330-8060
info@xsunx.com
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