XsunX , Inc. has developed Power Glass™ – an innovative solar energy technology that allows glass windows to produce electricity from the power of the sun. XsunX is leveraging its broad portfolio of patents to commercialize Power Glass™ technology as the solution for integrating renewable power generating properties onto millions of square feet of modern architectural glass and building facades. XsunX believes that Power Glass™ technology can provide an ideal solution for the wide scale integration of real energy producing products into living and working environments – all without causing disruptive and costly changes to lifestyles. XsunX has focused on the development of very thin semi-transparent coatings and films that create large area monolithic solar cell structures that you can see through. This semi-transparency makes Power Glass™ glazing desirable for placing over glass, plastics, and other see-through structures. Using patented processes, such as reel-to-reel manufacturing techniques and multi-terminal cell structure designs, we are working to commercialize large area cell manufacturing processes for thin film flexible plastics. Power Glass™ represents a new breed of solar cell design that balances solar cell efficiencies and manufacturing costs with broad applications and uses. The Company believes that these design, manufacturing, and application efficiencies may provide as much as a 100% efficiency-to-cost gain over conventional opaque solar cells. This 100% gain in efficiency-to-cost is based on Company estimates of Power Glass™ solar cells operating at as much as 50%, or half, the efficiency of conventional opaque amorphous solar cells yet costing as little as 25%, or one fourth, to produce. The ability to incorporate large amounts of solar cells onto a structure provides for significant opportunities to produce greater amounts of usable energy. Further benefits can be derived from incorporation of these large amounts of solar cells into common building materials such as glass and plastics. Today, the use of architectural glass and transparent plastics in the design and construction of commercial and industrial facilities is staggering in scope. The world-wide markets for these glass and laminates reaches into the hundreds of billions.
Share Structure As of Feb 20th 2006: 500,000,000 Authorized Shares 127,417,080 Outstanding Shares
Institutional Holdings http://tinyurl.com/gfzfw Ameriprise Financial: 60,000 shares Bank of the West: 30,000 shares Private Asset Management Inc.: 20,000 shares
CEO/President: Tom M. Djokovich
XSUNX Inc. 65 Enterprise Aliso Viejo, CA 92656 United States Phone: 949-330-8060 Fax: 949-330-8061
Tom Djokovich discusses how the Company Completed a Successful Production run of Amorphous Thin Film Silicon Samples Using Inexpensive Rolled Plastic Films. (fast foward to 12 min 30 sec mark) http://tinyurl.com/f5fyk
quote:Originally posted by 7 of 9: this is a well known scam but it goes up
prob., no dilution right now
I have never heard that...and their are actual "investing groups" that are purchasing these shares...XSNX has made great gains in the past several months...and I have been trading it since it was in the .30-.40...
Made great bank on it...right now easy money trades from *1.75-2.15 easy each week...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
Is XsunX (XSNX) Being Manipulated? I've received a number of comments about XsunX, all from the same person. I decided to look into them. They are working on transparent solar cells, have a weird history, and a weird structure. The only technological information I can find on them is all paid advertising (from IPODesktop and others) masquerading as research. Each of their press releases is misleading. They offer one key statement, and then go on about intentions. For example, the latest one has the phrase "...has begun the construction of a mass production system...". That seems to imply, and is likely intended to give the impression, that commercialization and mass production is around the corner. But all that it really says is that they broke ground on a new building or something. They made some statements in 2004 about technological developments (4% conversion efficiency), but nothing technological since then. By the way, what they claim to mean by "4% efficiency" is "4...Watts of direct current...per square foot of PowerGlass film" [here, page 5], which is not the definition of efficiency, which is always a measure of power out versus power in.
I've looked through their entire web site, and their entire FY 2005 report. A few things become clear. They are no where near having a product, have never generated any revenue, and don't know when they will. They provide no detail on their technology other than links to patents, which they have licensed. Otherwise it's almost all marketing. They are a single person company, with a single office, rented for $750/month. Any actual research or other development work could only be performed at MVSystems.com, with whom they have a tight relationship (patent licensing, President of one is Chairman of the other). They claim 15 "technologists and support staff" [here, page 14] available to them, but show no salary or other costs associated with them. They do have $0.5M in R&D expenditures for Fiscal Year 2005, but don't detail what that bought.
They cut a $5-10M deal with an early stage investment fund, such that that fund basically owns them, and needs the shares to stay above $0.38.
As of 30 Sept 2005 they were thinking "that their workforce is likely to increase to 8". That means 7 new hires, with 3 of those in admin, and 4 in marketing and sales. Since they don't have anything to sell, that means 4 in marketing.
A Google ****search on them returns 274 hits, with nearly every one based on one of their press releases, or at a disreputable site sponsored by a PR agency, or a stock quote reference, or otherwise either suspect or without depth. A general Google search on them returns 85,700 hits, most of similar quality.
About the only legitimizer they have going for them is that they won an award in 2005 from The World Technology Network (WTN), which is sort of half-way between the Nobel committee and a PR firm. For instance, they put out newsletters comprised of information written by their members - that's PR. Corporations can influence their possible membership by sponsorship. I learned a while ago from a business advisor (although I never paid him for the advice), that if you want someone to come to your function, offer them an award. With that in mind, everyone involved in the WTN may be there either through sponsorship or awards bribery. On the other hand, they have a list of first rate names of members, which if they really are all active participants lend the organization quite a bit of legitimacy. So, is the WTN a PR firm, or a true science validator, and how did XsunX get their endorsement? As near as I can figure, they were an exhibitor at the 2005 conference, which automatically makes them a member and eligible for votes for 2005, which they then won. And it's possible that they bought their way in.
So, if they are as small and illegitimate as their SEC filing indicates, they have no business getting a big award, unless that awards agency didn't do their homework, or isn't really all that respectable, or just flubbed it. Or they are a really great investment, and I'm just missing it. Even then, they are only story, since they have no products or revenue. And stories are not businesses.
So, I think they've got nothing, they hoodwinked the WTN, they hired all those promised PR people and they are doing a damn fine job, because XSNX has moved absurdly, from about a dime, to $2.25, just like or better than the private investors need them too. The money is at Cornell Capital, the technology is at MVSystems, and XsunX is just a guy. He's probably a really nice guy.
From what I read in their SEC filing, they are a perfectly fine development stage company. They are small and just struggling like any small company to get along, and I don't mean to kick them. I don't think they are a fraud. They are a perfectly fine penny stock, provided they have no exposure. But they are not a legitimate investment in the leagues of STP or even SunPower. It looks to me like the stock is being manipulated. Playing in manipulated penny shares with no products is just not our game. Avoid.
[Note: I realize that by even talking about these guys I've fed into the PR machine (even bad PR is better than nothing), but I made the mistake of mentioning them once earlier, only in the context of stating that I won't talk about them, and now I feel the need to correct that. This is the best I can do.]
[Disclosure: Currently Long STP] ¶ 6:03 PM Comments: Seems like the company is a little more real than you think:
This is just what I'm talking about. ***************** "...is an advertising and online marketing portal...", "...***************** and the sub portals are compensated by featured companies..." "XSUNX is a featured company on our portal and compensates us."
Advertising hype. Lots of weasel words. Make a product, let it be tested. Until then, it's BS. # posted by Hans P. Deuel : 17 March, 2006 13:52
Hans, nice job. Being heavily involved with solar PV R$D for some 30 years, I agree with you as "XSNX" goes. It's, IMO, the biggest scam since Enron.
Enjoing your board, that only a former scientist can put together. I recommended it to the folks that (hopefully) will join my new board that I started today(I even borrowed your Disclaimer - and hope you don't mind it).
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
| IP: Logged |
10of13 totally agree, he based his OPINION on what HE found. Yeah the impressive board members of WTN (did you see list) were all hoodwinked and didn't really see the tech. Oh brother
Posts: 889 | From: Corona, CA | Registered: Mar 2006
| IP: Logged |
With all the excitement of NDOL yesterday, I didn't notice this one quietly creeping up from a 1.76 to 1.81 yesterday. And it looks like there was some aftermarket or premarket activity as it is now showing 1.82 on my ticker -Jo
China's Fast Growing Economy -- Industrialization, Consumption and the Quest for Resources
By Market Wire Last Update: 5/4/2006 9:00:12 AM Data provided by
POINT ROBERTS, WA, May 04, 2006 (MARKET WIRE via COMTEX) -- www.China-AsiaStocks.com (CAS) an investor and industry news portal for the China-Asia sector, presents "China's Fast Growing Economy -- Industrialization, Consumption and the Quest for Resources," a discussion on how the world's fastest growing economy impacts sectors including energy-renewable energy, water, coal-steel and healthcare. Participating companies XsunX, Inc., Vitasti, Inc., Hendrx Corp, Puda Coal, Inc., and Bridgetech Holdings International, Inc. provide insight from a first hand perspective of how smaller companies are feeling the impact and capitalizing on opportunities in China.
The renewable energy stocks sector has gained a growing mainstream investor following as oil prices continue to rise. China, like the rest of the world is investing in renewable energy technology as both a contingency plan for energy shortages and a more environmentally friendly solution.
As Tom Djokovich, CEO of XsunX, Inc. (XSNX), explains, "Building Integrated Photovoltaics, such as XsunX's Power Glass(R), a thin-film solar technology that allows glass windows to produce electricity from the power of the sun, has the ability to address the growing need to produce clean renewable on-site power to help meet China's rising energy demands."
As described by Shannon deDelley, Director of Vitasti Inc. (VITSE), a wind power company, "Renewable energy is playing a growing role in the Chinese energy supply, and there is no other country with such aggressive plans for growth and opportunity in the wind industry today."
In addition to concerns regarding energy supply and production, China has placed a significant priority on addressing issues of water quality and shortages. George Solymar, Director of Hendrx Corp (OTC BB: HDRX), a manufacturer of Atmospheric Water Generators explains, "China which used to be extremely fragmented and mainly agricultural, has through population expansion, economic growth and industrialization, become cross-connected with infrastructure, which means that disease, water and prevention can all be dealt with on a regional basis instead of on a village basis creating opportunity for the utilization of Hendrx's products."
China's economy continues to impact the steel industry's growth on a global basis as its consumption levels escalate. According to Zhao Ming, Chairman and Chief Executive Officer of Puda Coal, Inc., "The Chinese government explicitly made the 'Building New Countryside' program one of its core social and economic development goals for the next 5 years, which means improved infrastructure, higher living standards, and cleaner environment; the demand for steel will therefore continue to be strong in China."
China's healthcare and medical technology market represents one of China's fastest growing markets. Michael Chermak, Chairman and CEO of Bridgetech Holdings International, Inc. (BGTH), a provider of Western healthcare in China describes, "The improvements in the Government's plan will open up opportunities for Bridgetech as it will support the Company's efforts to bring into China drugs and diagnostics for prevention and treatment."
Hendrx Corp (HDRX) is an established manufacturer of atmospheric water generators offering products that will provide solutions for the residential, industrial, and commercial markets. For More Info: http://www.water-stocks.com/CO/HDRX/Default.asp
Vitasti, Inc. (VITSE) has signed an agreement with Welwind International Energy Corporation (WIEC) for 100% of WIEC's assets. Their current project is to bridge the North America-China link by building wind farms in China beginning along the South China Sea. For More Info: http://www.*********************.com/CO/VITS/Default.asp
***************** Disclaimer: www.*****************/About/Disclaimer.asp Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by its "featured companies." Bridgetech Holdings International, Inc. (BGTH) five thousand dollars per month and ten thousand shares of 144 stock as a one time fee. XsunX Inc. (XSNX) Three thousand five hundred dollars per month and two thousand equivalent in one forty-four shares. Hendrx Corp. (HDRX) Five thousand dollars per month and a one-time five thousand dollars equivalent in shares. Vitasti, Inc. (VITSE), Thirty five hundred dollars per month, plus two thousand a month in one forty-four stock. Additionally, Puda Coal, Inc. was a former featured company on *****************, please review previous clients disclaimer.
XsunX Launches Build-Out of Marketing and Technology Development Facility Monday May 8, 6:00 am ET Facility to Provide Cutting Edge Support for XsunX Business Development Efforts
ALISO VIEJO, Calif., May 8, 2006 (PRIMEZONE) -- XsunX, Inc. (OTC BB:XSNX.OB - News), developers of Power Glass(tm) -- an innovative thin-film solar technology that is intended to allow glass windows to produce electricity from the power of the sun -- today announced that the Company has begun the build out of new facilities in Golden, Colo., which, when fully configured, will house the Company's first complete product development and technology marketing facility. ADVERTISEMENT
As a key provider of technologies for solar energy infrastructure, XsunX plans to license its proprietary designs such as Power Glass thin films and future products to thin-film and other specialized manufacturers. A key part of this relationship is the sale to licensees of the turnkey manufacturing systems used in the production of the Company's proprietary solar cell designs. The new facility in Golden will house a complete manufacturing system that will allow XsunX to develop photovoltaic films all the way through assembly of actual working panels and products, both for product refinement and demonstration to licensees.
According to Tom Djokovich, chief executive officer of XsunX, Inc., ``We are very excited about the launch of this new facility. We believe that thin-film solar technologies represent one of the largest untapped market opportunities in the solar energy industry, and that our technologies represent some of the more advanced thin-film designs and manufacturing processes available today to service this untapped opportunity. With the completion of our new facility build out and technology infrastructure, a complete product development and marketing facility will be available to support our expanding business development efforts.''
It is evident that others are beginning to see the same potential for thin-film solar technologies as XsunX. Last week, Applied Materials Inc., a semiconductor manufacturer, announced the intended purchase of Applied Films Corp., a provider of thin-film manufacturing equipment. The deal was driven by what Applied Materials saw as the potential for solar cell and equipment markets to grow worldwide at an annual compounded rate of 35 percent to 45 percent by 2010. According to Applied Materials, Inc., this represented the potential of an additional $1 billion in revenues over the next several years.
Preparation of the new facility is expected to be completed in July of this year, at which point setup of the XsunX technology infrastructure will begin. The Company began development of its first mass production system in January and expects that system to be ready for installation in the new facility later this year.
The XsunX manufacturing system is based upon a patented hybrid design combining the scalability of reel-to-reel processing and the use of flexible rolled substrates with the exacting capabilities of cluster tool vacuum deposition systems. Early tests completed in March 2006 suggest the potential for system scalability and the reduction of per watt manufacturing costs
Posts: 404 | From: MS | Registered: Nov 2005
| IP: Logged |
this is great.....this means that there IS a market and the big boys are getting in.! XSNX is already a syep ahead of them!!
"It is evident that others are beginning to see the same potential for thin-film solar technologies as XsunX. Last week, Applied Materials Inc., a semiconductor manufacturer, announced the intended purchase of Applied Films Corp., a provider of thin-film manufacturing equipment. The deal was driven by what Applied Materials saw as the potential for solar cell and equipment markets to grow worldwide at an annual compounded rate of 35 percent to 45 percent by 2010. According to Applied Materials, Inc., this represented the potential of an additional $1 billion in revenues over the next several years."
Posts: 404 | From: MS | Registered: Nov 2005
| IP: Logged |
Darn it all, you'ed think the price would go up with this news....Found a site that shows a new auto with a lithium battery which is charged with solar panels on the trunk...www.bornrich.org/entry/hybrid-technologies-to-unveil-125000-electric-car /. XSNX could come up with a similiar idea, they have the potential..
Posts: 216 | From: Florida | Registered: Feb 2005
| IP: Logged |
it went down cause of 10k news. Which dont agree with todays news....
I think the price is being driven down for major holders to get in, because contracts are comming, or news is.
Think about it,,,,,release UN-audited news that the company is in development stage, and has no income. It looks bad to new investors so they sell......BUT.....WE ALL know this....its a damn good product and when they get a contract it will shoot up to 3.00 overnight.
SO..the new guys walk, the company and its friends take the great entry and announce news...make more money.
My adivice,.....BUY, HOLD ...1 month min.
Posts: 404 | From: MS | Registered: Nov 2005
| IP: Logged |