XsunX Sees Accelerating Sales in Lucrative Southern California Solar Market
June 24 2014 - 7:44AM
Marketwired
XsunX Sees Accelerating Sales in Lucrative Southern California
Solar Market
Company Adds Over 1 MW of Commercial Solar System Proposals in
June Alone
ALISO VIEJO, CA--(Marketwired - Jun 24, 2014) - XsunX, Inc.
(OTCQB: XSNX), a leading solar energy solutions provider, today
announced that its expanded sales force and new financing options
have resulted in accelerating the pace of sales and the number of
solar system proposals in the company's sales pipeline.
"The level of interest we are seeing in commercial solar systems
is quite extraordinary," stated XsunX CEO, Tom Djokovich. "In June
alone we added over 1-megawatt of commercial solar system proposals
to our sales pipeline totaling over $3 million, and that's just the
beginning of what we see as increasing business opportunities
through the expansion of our commercial systems sales
force."
Central to the company's sales efforts has been the addition of
multiple financing programs designed to offer clients options
tailored to their needs. Mr. Djokovich continued, "Initially, we
offered a zero down loan program that worked for some customers,
but we were seeing a substantial amount of potential business left
on the table because we could not match clients' cash-flow needs
with system finance options. To overcome this challenge, we now
offer access to a range of programs in addition to our zero down
loan program such as lease-to-own, PACE and Hero property tax
assessment financing, and power purchase options for
non-profits."
Helping to fuel the company's growing success in the commercial
solar systems market are the increasing efforts of businesses to
control and reduce their energy costs. These efforts are fueled by
a number of factors, including:
- The California Public Utility Commission's (CPUC) recent
approval for rate increases of as much as 50% for large commercial
users
- Increasing cost for natural gas used to produce about 60% of
power generated in California
- The loss of 2.2 GW of power production from the shutdown of the
San Onofre Nuclear Power Plant coupled with increasing competition
and demand for power in the state
- The anticipation of higher energy costs under California's new
AB32 cap-and-trade laws known as the Global Warming Solutions
Act.
"With nearly all indicators pointing toward substantially higher
electricity costs, it's only natural that businesses are beginning
to see investments in solar energy as a wise decision with
excellent returns," concluded Djokovich.
About XsunX
XsunX provides solar energy solutions that provide the greatest
bottom-line financial benefits to businesses. Our background and
experience spans virtually all aspects of solar, including
technology assessment, design and development. We have a deep
passion for solar and have worked to pioneer new technologies and
solar solutions that make solar power an affordable energy option.
For more information, please visit our website at
www.xsunx.com.
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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