Under the deal, XsunX will provide Globe Future with an initial baseline production system and an additional 30MW CIGSolar production system to produce CIGSolar cells.

The parties will now work to complete a joint specification to ensure that CIGSolar system configuration meets the optimal compatibility and integration for Globe Future’s specific needs.

XsunX president and COO Joseph Grimes said that this agreement further supports XsunX’s business model and technology plan to introduce to the global market solar technologies that are competitive with silicon cell technology.

"XsunX continues to target the silicon module manufacturing industry as a major customer segment," Grimes said.