XsunX Sells 15 MW of ASI-120 Thin-film Modules

XsunX Inc., a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (PV) solar manufacturing facilities in Oregon, announced that it had entered into a two-year supply contract for the sale of 15 megawatts (MW) of it ASI-120 TFPV solar modules.

The modules are being sold to a to a full service solar power company specializing in commercial and solar farm projects located in the California and Hawaiian markets, the company said in a statement.

“We are pleased to announce this sales agreement to supply 15 megawatts of our ASI-120 TFPV solar modules,” said Tom Djokovich, CEO of XsunX. “This agreement represents approximately US $37 million dollars in total contract value with an initial 5 megawatts valued at US $13 million slated for delivery in calendar 2009, and the remaining 10 megawatt balance for delivery in calendar 2010.”

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