ALISO VIEJO, CA, May 30, 2018 (GLOBE NEWSWIRE) -- XsunX, Inc. (OTC: XSNX), a leading solar and energy saving technologies provider, announced today that its large pool of pending sales proposals have begun to close resulting in the generation of over $800,000 in newly awarded projects in May alone.
“It’s great to see our marketing efforts paying off,” stated Tom Djokovich, CEO of XsunX, Inc. “We experienced project postponements and client indecision in our first quarter, but as we entered 2018 and our second quarter, our deal flow began to pick up with over $750,000 in new projects awarded thru March. Now, as May comes to an end, we have added another $800,000 in new projects which helps to put us on track for a better year than 2017.”
Over the past two years the Company has broadened its suite of products and general construction services to now include commercial solar car, truck, and storage canopies, energy storage and energy management technologies, EV charging, commercial roofing, and steel canopies for multiple applications.
“Solar, energy storage, and our solar canopy business, all service large and fast growing commercial markets, but require more time to finance, plan, permit, and deliver than residential sales. For this reason, we have been working hard to increase our project flow in an effort to create more consistent period to period results. What’s exciting about our recent results is that we are starting to see an increase in pre-funded projects. Currently we have approximately $1.2 million in projects that will not be delayed waiting for financing to complete,” concluded Mr. Djokovich.