Irvine, CA, April 17, 2006 — XsunX, Inc., (XSNX:OB) developers of Power Glass™, an innovative thin-film solar technology that is intended to allow glass windows to produce electricity from the power of the sun, today announced the appointment of Joseph Grimes to the position of chief operating officer. In his new position reporting to CEO Tom Djokovich, Grimes will focus on developing and managing the necessary programs and infrastructure to prepare for the Company’s growth and business development efforts.
According to Tom Djokovich, CEO, “We’re delighted to welcome Joe to the Company. As a development-stage company, to date, we have focused all of our attention and resources on R&D and the development of innovative new thin film technologies. It is our intention to be equally focused and methodical about the future stages of the company’s growth, including marketing and business development. Joe’s experience managing complex projects and his track record of delivering technology-based solutions will help ensure detail-oriented execution and accountability to our future efforts.”
Grimes, who brings to XsunX more than eight years direct experience in thin-film technology and manufacturing, was most recently vice president, defense solutions, for Envisage Technology Company where he directed and managed the defense group business development process, acquisition strategies and vision for next generation applications. Previously he was co-founder, president and CEO of ISERA Group and established the company infrastructure and guided five development teams, finally selling the company to Envisage. His direct experience in thin-film technology came with Applied Magnetics Corporation as manager for thin-film prototype assembly. Grimes holds a Bachelor’s degree in business economics and environmental studies, and a Masters in computer modeling and operation research applications, both from the University of California at Santa Barbara.
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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