SOURCE: Xunlight Corporation

Xunlight Corporation

October 26, 2009 09:25 ET

Xunlight Appoints Chief Financial Officer

TOLEDO, OH--(Marketwire - October 26, 2009) - Xunlight Corporation, a leader in the development of low-cost and flexible thin-film silicon solar modules, today announced the appointment of David Swank as the Company's Vice President and Chief Financial Officer.

Mr. Swank joins Xunlight as a seasoned business professional with nearly 30 years of experience. Before joining Xunlight, Mr. Swank served as a member of the Board of Directors and Chief Financial Officer at Diomed Holdings, Inc., a publicly-traded developer of medical laser systems. Mr. Swank's prior experience also includes Chief Financial Officer at Telxon Corporation, a publicly-traded global manufacturer of mobile computing systems; Regional Controller, Asia/Pacific at PepsiCo Foods International; and Audit Manager at Peat, Marwick, Mitchell & Company (currently KPMG), an international big four accounting firm.

"While we continue to build our company and our management team, we are fortunate to have David join us as our CFO to help position Xunlight to become a large-scale solar module manufacturer," said Xunming Deng, Xunlight's President and CEO. "David's experience in both entrepreneurial and Fortune 50 companies will be extremely important to establish a strong financial foundation to support our future growth."

During his career, Mr. Swank has raised over $150 million in both public and private transactions and participated in numerous M&A transactions from $10 million to over $1.3 billion. Mr. Swank earned a BS in Business Administration in the honors accounting program at The Ohio State University and an MBA with a concentration in finance at Southern Methodist University.

"Xunlight is at a very exciting time in its development as it transitions from an R&D organization to a fully commercialized business," added Mr. Swank. "Dr. Deng has put together a world class team to commercialize this cutting edge clean energy technology and I'm very pleased to be joining them."

About Xunlight Corporation

Xunlight Corporation engages in the development, manufacture, and marketing of lightweight and flexible photovoltaic modules that convert sunlight into electricity. Xunlight has received over $40 million of institutional investments from Emerald Technology Ventures, Trident Capital, NGP Energy Technology Partners, and Rabo Ventures. The Company has also received over $13 million of R&D funding from the US Department of Energy, US Department of Commerce and Ohio Department of Development (ODOD) and $7 million loan from the State of Ohio to develop its products and manufacturing process. Xunlight has been featured on Newsweek, Wall Street Journal, CNN, FOX News, The New York Times, the Associated Press, ABC World News, and The Economist. For additional information, visit www.xunlight.com.

Contact Information

  • For more information, please contact:

    Todd Armstrong
    Business Assistant to the CEO
    Xunlight Corporation
    3145 Nebraska Avenue
    Toledo, Ohio 43607
    Tel. 419-469-8622 (Direct)
    Fax 419-469-8601
    Email Contact