The report, funded by XsunX in response to market interest, was investigated and prepared by IBIS Associates, a management-consulting firm that specializes in assisting clients with business development decisions concerning materials based manufacturing technologies.

The report provides insight to the Levelized Cost of Electricity, a metric by which electricity generation technologies are compared. This is an established basis for evaluating the cost of power generation methods taking into account those aspects of a technology's performance that directly impact power generation, efficiency, system cost, and reliability. The analysis compared the XsunX amorphous silicon ASI-120 module with a group of other solar technologies in a 1MW simulated installation in the Phoenix and Portland areas.

The IBIS study found cost and performance advantages in the use of the XsunX amorphous solar technology in contrast to conventional silicon wafer and three other commercialized TFPV technologies. As shown within the study, XsunX believes that its ASI-120 solar module, in large installations, can provide lower cost and superior performance to a marketplace seeking products that consistently and dependably deliver electricity over a wide range of environments.

"The study underscores the decisions we made to use amorphous silicon, and to pursue large, on-grid applications," stated XsunX CEO Tom Djokovich. "It is our business strategy to service the multi-mega watt solar farm installation market, working to deliver cost advantages. The study found that, if we chose to, we could market our products at well over $3 U.S.D. per watt and still provide operators of solar farms with substantive cost benefits relative to other technologies that claim to provide higher efficiencies," he added.