With this proposed expansion, the company is aimed at taking advantage of the revenue opportunities for solar power systems development as the current trends show high growth for solar power market.

XsunX CEO Tom Djokovich said that the said business expansion has received the necessary licensing approval from the state of California.

"The approved license is the last milestone necessary for us to initiate this new program and publicly market these services. We are very hopeful about closing solar project deals soon," added Djokovich.

The company has an added advantage including its management’s experience in solar technology, construction, and project development, as well as a finance background, to sustain and succeed in the solar market.

Additionally, the company is negotiating and reviewing solar power system projects with a combined capacity of around 750kW for commercial and industrial sites.