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PRESS RELEASE: Solaicx Hires Former Cypress
Semiconductor Finance Executive: Silicon Valley
Financial Leader Lends Skills to Solar Manufacturer
Santa Clara, Calif. – August 15, 2007 –
Solaicx®, a leading manufacturer of mono-crystalline
silicon ingots and wafers optimized for photovoltaic
applications, today announced that Jeff Osorio has joined
the company as chief financial officer. Mr. Osorio,
former corporate controller and interim CFO of Cypress
Semiconductor, comes to Solaicx following the announcement
of a large production expansion into a new manufacturing
facility in Portland, Oregon.
“Throughout my 30 years of experience in Silicon
Valley, I have enjoyed guiding tech companies through
the financial complexities of production expansion,”
said Mr. Osorio. “I am looking forward to joining
the Solaicx team during this pivotal time to help scale
up and optimize fiscal operations across the company.”
Building on momentum generated by Solaicx’s interim
CFO, Dick Davison, Mr. Osorio will develop and execute
on Solaicx’s financial strategy in order to drive
profitability for the growing company. Mr. Osorio’s
fiscal expertise stems from experience in executive
finance and controller roles at such industry icons
as Silicon Graphics, Spectra-Physics, Atari, and Cypress
Semiconductor, where he was involved in the spin-out
of SunPower Corporation. In addition to his work in
the corporate world, Mr. Osorio has been a member of
the Accounting Advisory Board and the Dean’s Advisory
Board at Cal Poly San Luis Obispo as well as a member
of the Accounting Advisory Board and the MBA faculty
at Santa Clara University.
“Jeff’s experience with both large and
small companies in semiconductor and solar related fields
make his addition to our team invaluable,” said
Bob Ford, president and CEO of Solaicx. “Jeff
has earned the respect of executives throughout the
Valley as a practical leader who makes the finance function
a strategic resource for driving company profitability
while building teams dedicated to the success of the
business.”
Solaicx has created an advanced manufacturing technology
that yields low-cost, higher quality solar ingots and
wafers optimized for photovoltaic applications. The
company’s proprietary equipment is designed for
the high volume, continuous production of superior-performance,
single crystal silicon ingots that dramatically reduce
manufacturing costs. Designed specifically for the photovoltaic
industry, the Solaicx method sidesteps the inherent
inefficiencies of the semiconductor manufacturing process,
enabling efficiencies that translate into more affordable
solar electricity.
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