ALISO VIEJO, Calif., Nov. 28 -- XsunX, Inc. (OTC Bulletin Board: XSNX - News), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar module manufacturing facilities, announced today that Dr. Michael A. Russak has accepted his nomination to the Company's Board of Directors.
Dr. Russak's business and scientific expertise provides XsunX with nearly thirty five years of successful industrial commercialization experience in the areas of thin film materials and devices for use in magnetic recording, photovoltaics, solar thermal applications, and semiconductor devices. His experience includes over twelve years of executive management of public companies with six years as President and Chief Technical Officer for Komag, Inc. where he was responsible for development of overall corporate business and technical direction. During his tenure with Komag, Inc., Dr. Russak helped guide the company to a tripling of its production, achieve record profitability, and grow revenues from approximately $200 million in 2001 at the start of his tenure to approximately $900 million upon his retirement in 2006.
"Mike is currently a member of the XsunX Scientific Advisory Board and we've had an opportunity to benefit from his participation and insight," stated Mr. Tom Djokovich, XsunX's CEO. "As we have worked with Mike, it became very apparent that his addition to our Board of Directors would allow us to add the benefits of his extensive business management and product commercialization experience to help guide our Company. I am looking forward to working with Mike and our other directors to help execute our solar module manufacturing plans," 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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