Xsun signs joint business agreement with solar module manufacturer

ALISO VIEJO, USA: XsunX Inc. (XSNX), the developer of hybrid, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, announced that the company has entered into an agreement with Telecomps Technology Corp. Ltd (Telecomps) for the use of its CIGSolar technology.

Under the agreement, Telecomps and XsunX will work together to complete back-end CIGSolar solar module assembly capabilities to produce solar modules using XsunX CIGSolar cells.

Joseph Grimes, XsunX's president and COO, commented: "This is a great opportunity for both companies. Telecomps' growing capabilities in the module assembly business will provide us a head start and will help accelerate the adoption of our CIGSolar technology in the rapidly growing Chinese market."

Grimes continued: "We have targeted the silicon module manufacturing industry as a major customer segment and, with the assistance of Telecomps providing competitive OEM module assembly, we are positioning XsunX customers for success as they compete in the $18 billion silicon solar cell industry. In addition to Telecomps a number of other manufacturers are now seriously exploring the use of our CIGSolar technology as a robust and less expensive alternative to silicon."

Founded in 1991, Telecomps has expanded its expertise in the electronics component industry building a network of capabilities in the fast growing turnkey OEM solar module assembly sector. Well respected within their industry, Telecomps' growing capabilities specialize in both silicon and thin-film solar module assembly.