Shares for solar cell technology innovator XsunX Inc. (OTCBB: XSNX) shot up this morning after the company revealed it had recently sold over $41 million worth of thin film equipment.According to a recent XsunX press release, the company has “entered into agreements” to deliver 25 mega-watts of thin-film photovoltaic production equipment – with a combined worth of more than $41 million – to Mexico-based energy company Lambda Energia S.A. de V.C. As a leader in producing solar cell equipment, XsunX is devoted to developing and commercializing innovative new thin-film photovoltaic (TFPV) solar cell technologies and manufacturing.
After the news was released, stock prices for XsunX rose 25.30 percent, or 10 cents a share, to 52 cents a share – an impressive feat from a microstock before noon.
Tom Djokovich, CEO of XsunX, saw the sale as a turning point in the company’s life.
“This license agreement and equipment sale with Lambda represents a significant milestone in the business development efforts of XsunX,” Djokovich said in the release. “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’s president and founder, Dr. Marco Adamo, was also excited about the sale – particularly about how XsunX’s products could help his company produce inexpensive energy.
“Lambda Energia expects to achieve broad market success with the thin film solar products we will manufacture under license from XsunX,” Adamo stated. “The demand for low cost solar products that can be easily integrated into buildings overwhelms the ability of suppliers to deliver these products, and the thin film products that Lambda will produce using XsunX’s technologies are well suited to meet this demand.”