Aliso Viejo, CA, February 22, 2005 – XsunX, Inc. (OTC BB: XSNX), developer of Power Glass™ -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun, announced today that Dr. Arokia Nathan has joined the Company’s Scientific Advisory Board. Nominated by the Company’s Scientific Board Chairman, Dr. Arun Madan, Dr. Nathan brings a wealth of knowledge specific to the development of thin-film semi-transparent photovoltaics to XsunX.
“The addition of Dr. Nathan and the wealth of expertise he provides to the XsunX Power Glass™ development efforts will continue to provide momentum to the growing success of the company’s development efforts.” stated Dr. Arun Madan, Chairman of the XsunX Scientific Advisory Board. “I have had the opportunity to work with Arokia on other successful projects and his commitment to the advancement of sciences in the areas of thin-films is quite remarkable and I am looking forward to collaborating with him in the completion of our Power Glass™ project.” concluded Dr. Madan.
“With the recent addition to our advisory board of Dr. Richard Rocheleau, and now Dr. Arokia Nathan, our collaborative abilities and depth of expertise in the development of thin-films has gained tremendous capabilities in a number of research areas.” stated Tom Djokovich, CEO of XsunX. “The efforts of scientists such as Rick and Arokia have helped PV technologies to mature into a viable industry growing at unprecedented rates.”
XsunX is working to commercialize and offer its Power Glass™ technology to a solar market where demand continues to out-pace supply. With a current solar market estimate of U.S. $7 billion, which many experts predict will grow to U.S. $30 billion by 2010, a recent article published by SustainableBusiness.com in their January/February Progressive Investor report labeled the solar industry as being, “in the midst of a transition to becoming one of the world's fast-growth, profitable industries.”
The rapid advance of photovoltaics (“PV”) as a viable energy source continues to gain momentum on an international scale and recently picked up added support from the Bush administration. A budget proposal sent to Congress by President Bush two weeks ago included what the solar industry is calling "a promising new initiative" to advance the development of crystalline silicon solar power. The Crystalline Silicon Initiative seeks to re-establish U.S. market leadership and technology ownership in the PV industry. The initiatives goal is to increase PV system performances by 50%, reduce power production costs to 6 cents per kWh, and cut costs to consumers by as much as 40% by the year 2015. Many industry leaders believe the initiative will start solar power on a path to deliver half of all new U.S. electricity generation by 2025.
Dr. Arokia Nathan
Arokia Nathan (SM) is a Professor in Electrical and Computer Engineering, University of Waterloo, and holds the Canada Research Chair in Nanoscale Elastic Circuits. He is also the chief technology officer of Ignis Innovation Inc., Waterloo, Canada, a company he founded to commercialize technology on thin film silicon backplanes and driving algorithms for active matrix organic light emitting diode displays. Dr. Nathan has extensive experience in device physics and modeling, and materials processing and integration. He has published extensively in the field of sensor technology and CAD, and thin film transistor electronics, and has over 15 patents filed/awarded. He is a co-author of two books, Microtransducer CAD and CCD Image Sensors in Deep-Ultraviolet. He is a Senior Member of the IEEE and a member of the American Physical Society, Electrochemical Society, Materials Research Society, Society for Information Displays, International Society for Optical Engineering, and the Institute of Electrical Engineers (UK). He chairs the 2005 IEEE Lasers and Electro-Optics Society Technical Committee on Displays and the Displays Sub-Committee in both 2004 and 2005. He serves as co-chair of the Fall 2005 Materials Research Society Symposium M: Flexible and Printed Electronics, Photonics, and Biomaterials, and is currently a Guest Editor for a Special Issue on Flexible Electronics Technology in IEEE Proceedings. He received his PhD in Electrical Engineering from the University of Alberta, Edmonton, Alberta, Canada, in 1988.
Based in Aliso Viejo, California, XsunX is the developer of Power Glass - an innovative solar technology that allows glass windows to produce electricity from the power of the sun. 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
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