SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: September 26, 2011
XSUNX, INC.
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(Exact name of registrant as specified in its charter)
| Colorado | 000-29621 | 84-1384159 |
| (State of Other Jurisdiction | (Commission File | (IRS Employer |
| Of Incorporation) | Number) | Identification No.) |
65 Enterprise, Aliso Viejo, CA 92656
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(New address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (949) 330-8060
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
□ Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On September 26, 2011, XsunX, Inc., a Colorado corporation (the “Company”) released a letter to shareholders (the “Shareholder Newsletter”) providing information to the Company’s efforts to develop and market a new hybrid manufacturing technology for the mass production of Copper Indium Gallium (di) Selenide (CIGS) thin film solar cells.
The Shareholder Newsletter provides information regarding the Company’s recent engagement of JW Technology, Inc., a South Korean marketing firm, to help XsunX introduce its CIGSolar™ thin film solar manufacturing technology into the important Korean marketplace.
The Shareholder Newsletter also outlines how XsunX and JW Technology, Inc. have scheduled on-site meetings in October for XsunX with Korean firms interested in CIGSolar™.
A copy of the Shareholder Newsletter is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibit
| EXHIBIT NO. | DESCRIPTION | LOCATION |
| 99.1 | Shareholder Newsletter, dated September 26, 2011 | Provided herewith |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| XSUNX, INC. | ||
| Date: September 26, 2011 | By: | /s/ Tom M. Djokovich |
|
Tom M. Djokovich | ||
| Title: CEO/Secretary | ||
XsunX Business Development Update
Aliso Viejo, CA – September 26, 2011
XsunX Adds Marketing Efforts to Introduce CIGSolar™ to Korean Market
Good morning,
In this newsletter we want to update you about our new marketing efforts in Korea.
As outlined in our past newsletters, over the past few months we have received a tremendous amount of interest from companies all over the globe. However, the interest has been especially high from South Korean companies. Recently 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 very important Korean marketplace, we recently engaged JW Technology Inc., a Korea-based firm representing large
manufacturers that plan to target the global solar market. With a recent announcement by Samsung to invest $5.5 billion dollars
into the development of solar technology and production, and a $50 million dollar direct investment by Korean refinery giant SK
Innovation 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, we have been working to respond to numerous inquiries that JW Technology has already provided XsunX.
Mr. Charlie Lee, with 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.”
Mr. 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.”
Thanks for your time and have a great week.
The XsunX Team
To learn more about XsunX’s’ breakthrough technology please visit http://www.xsunx.com , and follow us on Twitter and Facebook.
Safe Harbor Statement: Matters discussed in this shareholder newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this shareholder newsletter, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.