SOURCE: XsunX, Inc.

XsunX, Inc.

March 15, 2016 08:30 ET

XsunX Continues Expansion in Solar Carport Development as Industry Forecasts Bolster

ALISO VIEJO, CA--(Marketwired - Mar 15, 2016) - XsunX, Inc. (OTC PINK: XSNX), a leading solar and energy saving technologies provider, today announced that the Company continues on its trajectory for record growth, as "U.S. solar seems poised for not just a record year but perhaps a blowout year," according to a recent article in the Washington Post.

"Affordability is key to the paradigm shift we are experiencing. Solar power has always been a revolutionary solution to meeting the demands in electric energy growth, and now we believe that we are standing at the threshold of a new age in the industry. By capitalizing on the use of state-of-the-art technologies we can now offer Americans the ability to harness solar powered energy more affordably than ever before," stated Tom Djokovich, CEO of XsunX, Inc. He concluded: "What we believe this ultimately translates into for the Company, is growth. We anticipate that based on current market conditions, it's possible that we can likewise experience relative growth in accordance with what we are seeing industry wide."

XsunX, Inc. recently announced that the Company had entered 2016 with several commercial projects under construction. As the industry continues to experience growth, the Company draws the advantageous solar carport niche into focus.

As a result of heightening awareness and deeper cost efficiency of solar carports, the Company prepares to embark on a phase that can significantly alter the future of the Company. With costs repressed into a price range that the average property manager can find affordable, coupled with a substantial tax credit, the potential market for solar carports is anticipated to reach record levels.

The Company continues to strengthen its delivery capabilities for state-of-the-art solar carport solutions. With roof-top solar often encountering logistical limitations, solar carport systems provide the opportunity to offer customers larger, more robust project sizing, diversity in the use of existing open areas, and greater electricity savings. XsunX continues to develop its strategy to market to a broad range of customers, including school, government, and commercial organizations where it believes it can favorably compete.

About XsunX: XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), and energy saving technologies that provide our clients long term savings, predictability, and control of their energy costs. We install thousands of solar panels each year offering residential and commercial clients solar roof-top and carport system design and installation, battery back-up, LED lighting upgrades, and technologies to help with consumption tracking and control. We guide our performance by striving to keep the customer's best interests at the forefront at all times and, delivering value through a focus on performance and follow-through that meets or exceeds customer expectations. The products and technologies we offer do not just meet industry standards, but lead the industry in innovation, reliability, and value.

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 or home 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. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such 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.

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