Experienced Business Development and Management Professional Added to XsunX Board of Directors
ALISO VIEJO, Calif., November 12, 2007 XsunX, Inc. (OTC BB:XSNX), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar module manufacturing facilities, announced today that Mr. Oz Fundingsland has joined the Companys Board of Directors.
Mr. Fundingsland brings over forty years of sales, marketing, executive business management, finance, and corporate governance experience to XsunX. His professional and business experience principally originated with his tenure at Applied Magnetics, a disk drive and data storage company. Prior to his retirement from Applied Magnetics in 1994, Mr. Fundingsland directed sales growth from $50 million to over $550 million. He also served for ten years through 2003 as a member of the board of directors for the International Disk Drive Equipment Manufacturers Association IDEMA where he continues to serve as an advisor to the board. For the last 13 years, Mr. Fundingsland has provided consulting services assisting with sales, marketing, and management to a host of companies within the disk drive, optical, software, and LED industries.
XsunX has been working to develop a business environment in which we could attract professionals such as Oz to our board of directors, stated Mr. Tom Djokovich, XsunXs CEO. We are pleased to now have the added value of Ozs business and professional experience to draw on. As we move forward with our business development plans, I am looking forward to working with Oz to help guide and expand our opportunities in this dynamically growing industry, concluded Mr. Djokovich.
Based in Aliso Viejo, Calif., XsunX is developing and commercializing new amorphous silicon thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands. The Company has initiated plans to build a multi-megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, XsunX plans to grow its manufacturing capacities to over 100 megawatts.
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