SOURCE: Xunlight Corporation

December 19, 2008 11:14 ET

Xunlight Featured on ABC World News With Charles Gibson

TOLEDO, OH--(Marketwire - December 19, 2008) - Xunlight Corporation, a leader in the development of flexible and lightweight thin-film silicon solar modules, announces that it was featured on ABC World News with Charles Gibson on December 17th. The Company was showcased as a leading renewable energy company, creating jobs in Toledo, Ohio. Over the last year, Xunlight has increased its employee population by 300% and is continuing to expand its operation and hiring skilled, talented employees.

"We are very pleased that Xunlight's efforts in creating green collar jobs are highlighted on ABC News," said Xunming Deng, CEO of Xunlight Corporation. "Our progress has been made possible by the generous support from both federal and state government programs, particularly Ohio's Third Frontier Project targeted toward creating high-quality jobs."

"Ohio is making tremendous efforts to create tens of thousands of jobs by investing in our renewable energy industry," said Ohio Governor Ted Strickland. "I am thrilled that Xunlight and other Ohio solar companies are beginning to get well-deserved recognition for helping create a "Solar Valley" in the State of Ohio."

For more information about this story, the Company and the Investors, please see below:

http://www.abcnews.go.com/WN/story?id=6475809&page=1

http://www.xunlight.com/xunlight_in_abcnews.pdf

About Xunlight Corporation

Xunlight Corporation, a technology spin-off from the University of Toledo, 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 $11 million of R&D funding from the US Department of Energy, US Department of Commerce and Ohio Department of Development to develop its products and manufacturing process. Xunlight has been featured on Newsweek, Wall Street Journal, CNN, The New York Times, and the Associated Press. The company is headquartered in a 122,000 sqft manufacturing facility in Toledo, Ohio. For additional information, visit www.xunlight.com.

About State of Ohio's Third Frontier Project

The State of Ohio's Third Frontier Project was initiated in February 2002. This 10-year, $1.6 billion initiative is the state's largest-ever commitment to expanding Ohio's high-tech research capabilities and promoting innovation and company formation that will create high-paying jobs for generations to come. For additional information, visit: http://www.ohiochannel.org/your_state/third_frontier_project/about.cfm.

About Emerald Technology Ventures

Emerald Technology Ventures is a global leader in cleantech venture capital. Founded in 2000 under the name SAM Private Equity, Emerald is a pioneer in this rapidly emerging sector and is focused on innovative technologies in energy, materials and water. From offices in Zurich, Switzerland, and Montreal, Canada, Emerald manages three venture capital funds and two venture capital portfolio mandates totaling over EUR 300 million (US$ 450 million). For additional information, visit www.emerald-ventures.com.

About Trident Capital

Trident Capital is a leading venture capital and private equity firm with over $1.6 billion of capital under management. Trident focuses on investments in the business services, information services, software sectors, Internet and Cleantech across a variety of industries. Trident has investment offices in Palo Alto, Calif. and Westport, Conn. and has made over 120 investments since inception. For additional information, visit www.tridentcap.com.

About NGP Energy Technology Partners

NGP Energy Technology Partners, L.P. is a Washington, D.C.-based $148 million fund investing growth equity capital in companies providing technology-related products and services to the oil and gas, power and alternative energy sectors. The fund is managed by investment professionals with extensive experience investing in virtually all types of energy technologies and a strong track record of helping companies grow, create value, and establish strategic partnerships. NGP Energy Technology Partners is sponsored by NGP Energy Capital Management, a $9.3 billion family of funds and a leading investor in the energy sector since 1988. www.ngpetp.com

About Rabo Ventures

Rabo Ventures is part of the Rabobank Group, ranked as one of the top 25 global financial institutions and a leader in sustainability-oriented banking. Rabobank has been involved in the financing of large sustainable projects such as bio-fuel plants and wind parks in different European countries for the last several years. This venture capital fund focuses on fast growing cleantech companies which encompass a broad range of technologies dealing with renewable energy generation and environmental issues such as clean water and clean air. For additional information, visit www.raboventures.com.

Contact Information

  • For more information, please contact:
    Todd Armstrong
    Business Assistant to the CEO
    Xunlight Corporation
    Tel. 419-469-8622 (Direct)
    Fax 419-469-8601
    Email Contact