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Aliso Viejo, CA, October XX, 2004 – XsunX, Inc. (OTC BB: XSNX), developer of an innovative process to produce solar electric vision glass, announced the formation of a Scientific Advisory Board as part of an ongoing business strategy to expand its base of scientific, business and operational expertise. In a key first step to establishing significant expertise in the area of solar cell sciences, Dr. Arun Madan has been appointed as Chairman of XsunX’s Scientific Advisory Board. Dr. Madan has worked with the Company in its initial phase helping to establish working models and a foundation of research and development on which XsunX recently launched phase two of its development efforts to bring breakthrough photovoltaic technologies to market.
“The manner in which renewable energy technologies are used and integrated seamlessly into our living and working environments may become more critical to the wide scale adoption of renewable technologies than simply striving to increase solar cell efficiency gains,” said Dr. Madan. “The emerging markets for Building Integrated Photovoltaics, or “BIPV”, provide practical opportunities for the use of XsunX Power Glass™ technology as an integrated energy producing component to buildings in the form of vision glass and lightweight plastics. I welcome the opportunity to chair the Scientific Advisory Board and help XsunX drive its development efforts toward viable commercial products and opportunities,” concluded Dr. Madan.
“Dr. Madan brings a lot to the table for XsunX with over thirty years of hands on expertise as an internationally recognized authority in the fields of material and device engineering for the thin film semi-conductor industry,” stated Tom Djokovich, CEO of XsunX. “In addition to helping the company build a foundation on which we continue to make great strides in bringing our technology closer to commercialization I am looking forward to working with Dr. Madan to assist in helping to add members in the fields of laser, plastics and device engineering to the advisory board,” he added.
Dr. Madan is a Research Professor in the Department of Metallurgical and Materials Engineering at The Colorado School of Mines, President of MVSystems Inc. and an adjunct at The University of Waterloo, Canada. He became one of the originators of Amorphous Silicon technologies in 1970 and fabricated the first TFT (thin film transistor) as part of his Ph.D thesis. With over 30 years of leading edge scientific accomplishments he has published well over one hundred scientific papers, published a text book now in use at several universities and holds fourteen patents on thin film semiconductor technology as well as advanced vacuum semiconductor deposition systems. In addition to his recognized leadership in the fields of thin film semiconductors and solar cells, he is the founder of two firms, Glasstech Solar Inc. in 1985 and MVSystems, Inc. in 1989. As founder of these firms he has gained over twenty years of international business, marketing and management experience successfully establishing technology sales exceeding $150 million dollars. Leveraging his extensive scientific, business and leadership capabilities he has led teams of scientists/engineers in multi-disciplinary programs providing contract research and development work for a multitude of domestic and international agencies and firms including the National Renewable Energy Laboratory (USA), BP-Solar (USA), Shell (The Netherlands), Kovio (USA), Zettacore (USA), QinetiQ (UK), ENEA (Italy) and Pacific Solar (Australia) etc.. Dr Madan received his Ph.D. - Physics from the University of Dundee, Scotland.
Based in Aliso Viejo, California, XsunX is developing its patented process to produce solar electric vision glass. This proprietary process is intended to allow manufacturers to apply a transparent and photovoltaic glazing to glass and other transparent substrates. When XsunX glazing is exposed to light, the light energy is converted into electrical energy for use as a power source. XsunX believes that its solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets. Please visit the Company's website for more information: https://XsunX.com
CONTACT:
XsunX, Inc.
Tom Djokovich, CEO
(949) 330-8060
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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