ALISO VIEJO, Calif., Oct. 7 /PRNewswire-FirstCall/ -- XsunX, Inc. (BULLETIN BOARD: XSNX) , a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced today that it will be exhibiting at the Solar Power International 2008 Conference and Trade Show in San Diego, California from October 14-16.
The San Diego conference, the largest solar show in the U.S.A., traditionally has attracted large groups of domestic and international buyers representing utilities, power purchase associations ("PPA"), and solar installers. XsunX has scheduled numerous sales meetings for the show and, with the recent passage of an eight year extension to the Federal Investment Tax Credit ("ITC"), XsunX anticipates strong sales interest for its thin film amorphous modules as the ITC re-invigorates multi-megawatt and residential solar projects nationwide.
"We've seen the passage of the eight year extension to the ITC for renewables breath life back into at least five solar power projects, and most likely more that we were not aware of, that were placed on hold due to the lack of clarity on the future of the ITC from the government," stated Mr. Joe Grimes, COO of XsunX. "Now that an eight year extension has been enacted, we anticipate the flow of investments into utility scale solar projects to once again pick up steam," concluded Mr. Grimes.
The Company will be exhibiting in Main Exhibit Hall of the San Diego Convention Center, Booth 632. For a schedule and directions to the show, please go to the following link, http://www.solarpowerconference.com/conference/schedule .
For more information about XsunX, please visit http://www.xsunx.com/
Contact: For XsunX, Inc. Investor Relations Tel: (888) 797-4527
Contact: For XsunX, Inc. Media Relations Tel: (949) 330-8065
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, 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.
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