XsunX, Inc. (XSNX.OB), developer of advanced manufacturing systems and cell structures for solar energy, has received a 25 MW order from Lambda Energia S.A. de V.C. for thin film PV production equipment. The order is valued at over $41 million. The order will be delivered during 2008.
Tom Djokovich, CEO of XsunX, said, “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.”
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). The company has initially focused on understanding the European market as its strategy to achieve an important global market share in the TFPV segment.
http://www.LambdaEnergia.com
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