ALISO VIEJO, Calif., Sept. 18, 2006 (PRIMEZONE) -- XsunX, Inc. (OTCBB:XSNX), provider of technologies for solar energy infrastructure and developer of Power Glass(tm), 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 Mr. Kurt Laetz to the position of V.P. Global Sales. In his new position Mr. Laetz will focus on managing business development and brand positioning to U.S. and international market opportunities.
According to Joseph Grimes, XsunX's COO, "With a strong corporate background in management and business development, Kurt provides XsunX with a tremendous amount of experience in sales and development of business relationships, with an emphasis on Asian markets. Kurt has already jumped in and is working to establish brand presences for the Company by spearheading trade show and direct marketing efforts in Asia."
Laetz brings to XsunX more than seven years of experience successfully marketing thin-film deposition technologies to top-tier semiconductor manufacturers in Asia, Europe, and the U.S. As COO at Symetrix Corporation, a privately held non-volatile memory intellectual property licensing company based in Colorado, Laetz led the development and execution of global marketing strategies for their high-tech manufacturing solutions. This prior experience will enhance the marketing efforts currently underway at XsunX.
About XsunX
Based in Aliso Viejo, Calif., XsunX is developing and commercializing innovative new thin film photovoltaic (TFPV) solar cell technologies and manufacturing processes to service expanding global energy demands. The Company has focused its efforts on lowering the cost per watt of solar power and making solar cell technology easier to use in a wide variety of applications. XsunX calls this dual improvement to cost and efficiency the XFactor(tm). The XFactor delivers licensee's solar cell designs that break the bounds of crystalline silicon dependency, rigid and limited-use form factors, and rapid efficiency loss. Equally important, the XFactor provides new manufacturing techniques that can significantly lower production costs and allow for easier additions to production capacities and technology upgrades without having to re-build and re-tool. Together, XsunX design and production innovations offer manufacturers of solar products exciting new application opportunities and reductions to the cost per watt of solar power. More information can be found at the Company's website: http://www.XsunX.com.
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.