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XsunX Reports Strong Revenue Growth of Over 300% for 2015 From Its Solar Power Solutions Business
Company Poised for Expansion in 2016 Through Cost Reductions to Its Solar Carport Product Group
XsunX, Inc. 1 hour ago
ALISO VIEJO, CA--(Marketwired - Jan 12, 2016) - XsunX, Inc. (OTC PINK: XSNX), a leading solar and energy saving technologies provider, today provided performance highlights from the company's 2015 business expansion efforts, including pricing advantages it has developed for its solar carport offerings.arport offerings.In the 2015 period the company made significant improvements in operational efficiencies reducing total operating costs while at the same time tripling revenues year-over-year for the sale, design, and delivery of its affordable state-of-the-art solar power systems.
The company entered January 2016 with projects under way totaling over $630,000, and believes business trends point towards continued sales growth throughout the current fiscal year 2016.
The product group the company was most excited to further develop in 2015 was its solar carport offering. With roof-top solar often encountering logistical limitations, solar carport systems provide the opportunity to offer customers larger project sizing, diversity in the use of existing open areas, and greater electricity savings.
"Our goal was to significantly improve the affordability of the carport systems we market," said Tom Djokovich, CEO of XsunX, Inc. "Over the year we achieved that goal through improvements to how we source materials and expansion of our project management capabilities. This allowed us to reduce our solar carport structure installation costs by approximately 35%, and total system install costs by 15%, which we believe provides us a significant affordability advantage in our sales efforts without having to sacrifice margins."
Through these reductions to pricing, the company has positioned itself to offer customers better economic results for solar investments by reducing capital payback times on average by one year.
Having positioned itself to gain market share of the growing solar carport market, XsunX plans to market to a broad range of customers including school, government, and large scale commercial organizations where it believes it can now favorably compete.
About XsunX
XsunX specializes in the sale, design, and installation of solar photovoltaic power generation (PV), and energy saving technologies that provide our clients long term savings, predictability, and control of their energy costs. We install thousands of solar panels each year offering residential and commercial clients solar roof-top and carport system design and installation, battery back-up, LED lighting upgrades, and technologies to help with consumption tracking and control. We guide our performance by striving to keep the customer's best interests at the forefront at all times and, delivering value through a focus on performance and follow-through that meets or exceeds customer expectations. The products and technologies we offer do not just meet industry standards, but lead the industry in innovation, reliability, and value.
For more information, please visit the Company's website at www.xsunx.com, or to learn more about the benefits of solar energy for your business or home schedule a free PV project assessment.
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Company
Tom Djokovich
President and CEO
949-330-8060
info@xsunx.com
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