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XsunX Sales Efforts Gain Traction with Sale of 25 MW Thin Films Solar Cell Production SystemLast update: 5/15/2007 9:00:00 AMALISO VIEJO, Calif., May 15, 2007 /PRNewswire-FirstCall via COMTEX/ -- XsunX, Inc. (XSNX), developer of advanced manufacturing systems and cell structures for solar energy, today announced that Lambda Energia S.A. de V.C., a company pursuing manufacturing opportunities in renewable energy, has entered into agreements with XsunX for the delivery by XsunX of 25 mega-watts of thin film photovoltaic production equipment, valued at over $41 million U.S. Dollars. The agreements, consisting of system sales and a royalty based per watt manufacturing license, provide for 25 megawatts of thin film photovoltaic production equipment and two product development tools specializing in the fabrication of micro-crystalline and amorphous thin film silicon solar cells. Manufacture of the product development tools is scheduled to begin in June 2007 upon receipt of an initial payment of $2.5 million USD from Lambda with delivery scheduled to begin in January 2008, and the balance of production systems slated to begin deliveries in late 2008. Tom Djokovich, CEO of XsunX, announced the sale and license agreements and stated, "This license agreement and equipment sale with Lambda represents a significant milestone in the business development efforts of XsunX. The group that has formed Lambda has a track record of success in commercializing new technologies and we are anxious to begin working with them and supporting their efforts to bring thin film solar cell products to market. " "Lambda Energia expects to achieve broad market success with the thin film solar products we will manufacture under license from XsunX," stated Dr. Marco Adamo, President and founder of Lambda. "The demand for low cost solar products that can be easily integrated into buildings overwhelms the ability of suppliers to deliver these products," Dr. Adamo continued, "and the thin film products that Lambda will produce using XsunX's technologies are well suited to meet this demand." XsunX continues to aggressively pursue system sales and licensing efforts with a host of international companies and recently announced plans to expand operations domestically to include the manufacture of thin film solar modules. Upon completion of the necessary manufacturing facilities to produce solar modules, XsunX will begin servicing the U.S. market with thin film solar energy products. About Lambda Based in Cuernavaca Mexico, Lambda with its mission to globally provide clean energy infrastructure to help mitigate global warming, is developing a basic research center to achieve high efficiency Thin Film Photovoltaic (TFPV) and simultaneously creating valuable alliances in production and sales with strategic customers. The company has initially focused its efforts in understanding the European market as its strategy to achieve an important global market share in the TFPV segment. More information can be found at the company's website: For more information and Media Relations, contact Investor Relations at Lambda Energia, S.A. de C.V. (+5255) 3624-8150. About XsunX Based in Aliso Viejo, Calif., XsunX is developing and commercializing innovative new thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands. The Company has focused its efforts on lowering the cost per watt of solar power and making solar cell technology easier to use in a wide variety of applications. More information can be found at the Company's multi-lingual website: For more information, contact Investor Relations at XsunX, Inc. (888) 797-
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