SOURCE: XsunX, Inc.

January 12, 2016 08:00 ET

XsunX Reports Strong Revenue Growth of Over 300% for 2015 From Its Solar Power Solutions Business

Company Poised for Expansion in 2016 Through Cost Reductions to Its Solar Carport Product Group

ALISO VIEJO, CA--(Marketwired - Jan 12, 2016) - XsunX, Inc. (OTC PINK: XSNX), a leading solar and energy saving technologies provider, today provided performance highlights from the company's 2015 business expansion efforts, including pricing advantages it has developed for its solar carport offerings.

In the 2015 period the company made significant improvements in operational efficiencies reducing total operating costs while at the same time tripling revenues year-over-year for the sale, design, and delivery of its affordable state-of-the-art solar power systems.

The company entered January 2016 with projects under way totaling over $630,000, and believes business trends point towards continued sales growth throughout the current fiscal year 2016.

The product group the company was most excited to further develop in 2015 was its solar carport offering. With roof-top solar often encountering logistical limitations, solar carport systems provide the opportunity to offer customers larger project sizing, diversity in the use of existing open areas, and greater electricity savings.

"Our goal was to significantly improve the affordability of the carport systems we market," said Tom Djokovich, CEO of XsunX, Inc. "Over the year we achieved that goal through improvements to how we source materials and expansion of our project management capabilities. This allowed us to reduce our solar carport structure installation costs by approximately 35%, and total system install costs by 15%, which we believe provides us a significant affordability advantage in our sales efforts without having to sacrifice margins."

Through these reductions to pricing, the company has positioned itself to offer customers better economic results for solar investments by reducing capital payback times on average by one year.

Having positioned itself to gain market share of the growing solar carport market, XsunX plans to market to a broad range of customers including school, government, and large scale commercial organizations where it believes it can now 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.

Contact Information

  • Company Contact:
    Tom Djokovich
    President and CEO
    949-330-8060
    info@xsunx.com