News Article

XsunX To Introduce CIGSolar Technology To Korea

The firm says it has recently received a lot of interest from South Korean companies regarding its CIGS products.

XsunX says that Korean companies have announced efforts to add or increase their presence and commitment to solar product manufacture.

This important market for CIGSolar has a strong history of mature intellectual property laws, and a large base of well-established multi-national companies with proven track records of aggressive global technology deployment.

To help XsunX aggressively introduce CIGSolar into this Korean marketplace, the firm recently engaged JW Technology, a Korea-based firm representing large manufacturers that plans to target the global solar market.

Samsung plans to invest $5.5 billion dollars into the development of solar technology and production, and Korean refinery giant SK Innovation plans to invest $50 million into US based thin film developer HelioVolt. The Korean solar market appears to be preparing to position itself to compete for a growing share of the global solar demand.

 Since engaging JW Technology, XsunX has been working to respond to numerous inquiries. Charlie Lee, of JW Technology stated, "XsunX has already made a good impression on potential Korean customers and we are planning a site visit to XsunX in mid-October with senior representatives from two large Korean firms."

Joseph Grimes, XsunX President and COO added, "We are pleased to be working with JW Technology. They bring extensive CIGS background and marketing experience necessary to promote the many benefits of XsunX CIGSolar technology. We are looking forward to the upcoming meetings and the opportunity to establish a manufacturing presence for CIGSolar in the very important Korean market."
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