Search sponsor
Search sponsor
XsunX has signed a contract to supply Globe Future Technology Development with its thin-film production systems. Under the agreement, XsunX will provide Globe Future with its baseline production system and an additional 30MW CIGSolar cell production system.
“We are completing our designs and are preparing to build our first baseline production system for use as our primary marketing tool,” Joseph Grimes, XsunX’s president and chief operating officer, said. “We can now update these designs to meet Globe Future’s specific product needs and recapitalise our investment rapidly while still meeting our marketing and technology roadmap. There’s a lot of work ahead but we are very excited about the opportunity to execute on our agreement with Globe Future and hope to secure additional commitments from other pending customers as we move forward.”
The contract will also see the companies collaborate on tailoring the CIGSolar system’s specifications to ensure its meets Globe Future’s specific needs. Once this has been completed, Globe Future will post a letter-of-credit for the payment of the systems.
