Solar-Photovoltaics Commercialization Expert, Mr. Nicholas S. Cucinelli, Joins Octillion as President and CEO
Vancouver, BC – September 10, 2007 – Octillion Corp. (Symbol: OCTL) today announced the appointment of Mr. Nicholas S. Cucinelli as the Company’s new President and CEO. Mr. Cucinelli’s appointment follows Octillion’s previously announced plans to proactively bolster the Company’s management team with seasoned experts in the development and commercialization of leading-edge solar photovoltaic and renewable energy technologies.
“I’m honored to welcome Mr. Nicholas Cucinelli as President and CEO of Octillion,” states outgoing President and CEO, Mr. Harmel S. Rayat, who remains as Director and majority shareholder of Octillion Corp.
Mr. Rayat continues, “Along with two Master’s degrees, a solid history in the development and commercialization of photovoltaic and alternative energy technologies, Mr. Cucinelli also possesses a high level of discipline and dedication, honed through many years of meritorious service in the US Coast Guard, where he responded to the September 11th terrorist attack on the Pentagon and was designated a ‘Coast Guard Hero’ by the Secretary of Defense and Secretary of Transportation for his exceptional leadership during two major environmental incidents.”
Mr. Nicholas S. Cucinelli: Solar-Photovoltaics Commercialization Expert
Prior to joining Octillion, Mr. Nicholas S. Cucinelli was employed by Energy Conversion Devices (ENER), a billion dollar leader in the synthesis of new materials, and the development of advanced production technology and innovative alternative energy products and solutions in the solar electric power generation segment.
During his tenure at ENER, Mr. Cucinelli facilitated the commercialization of solar photovoltaic, advanced battery, fuel cell, solid-state hydrogen storage, and next generation information technologies. His wide-ranging responsibilities included working with research teams and scientists alongside senior managers to objectively quantify risk, prioritize research and development efforts, and develop the business case for new amorphous silicon solar cell manufacturing processes and conversion efficiency enhancements for wholly-owned ENER subsidiary, United Solar Ovonic LLC.
Mr. Cucinelli also served as Manager of Federal and Military Sales for United Solar Ovonic, where he developed and executed plans to deploy UNI-SOLAR Building Integrated Photovoltaics (BIPV) in Federal market segments, and championed a market-centric approach to portable and mobile photovoltaic product development to meet key military needs.
Among his many academic and professional accomplishments, Mr. Cucinelli served as a Strategy Consultant to the non-profit Carbon Disclosure Project (CDP), an organization that brings together over 300 institutional investors representing more than $40 trillion in assets with partners in 16 of the world’s major economies to focus attention on carbon emissions, energy usage and reduction. At CDP, Mr. Cucinelli analyzed American climate change policy and financial trends in order to create a business plan and U.S. entry strategy for an international investor secretariat, then representing $10 trillion in assets under management.
Mr. Cucinelli also acted as Advanced Biofuels Consultant to the Future Fuels Team at BP plc, one of the word’s largest private sector energy corporations and one of the six “supermajors,” and launched DuraPower LLC, working to integrate a portable military solid-oxide fuel cell technology into a mainstream consumer product.
Mr. Nicholas S. Cucinelli has a Bachelor of Science degree (with high honors) and holds two advanced degrees through the University of Michigan’s Erb Institute for Global Sustainable Enterprise: a Master’s degree in Business Administration (MBA) from the Ross School of Business, and a Master of Science degree in Natural Resources and Environment. The Erb Institute is the leading U.S. MBA/M.S. program focused on grooming leaders to achieve environmental, social, and economic sustainable development and enterprise.
Prior to entering the renewable energy field, Mr. Cucinelli meritoriously served 16 years in the United States Coast Guard and Coast Guard Reserve, eventually reaching the rank of Lieutenant Commander (O-4). During his tenure with the U.S. Coast Guard, Mr. Cucinelli responded to the September 11th terrorist attack on the Pentagon, conducted extensive environmental law enforcement missions, led disaster contingency planning efforts, and served as Operations Officer on a U.S. Coast Guard cutter. He was designated a “Coast Guard Hero” in 2000 by the Secretary of Defense and Secretary of Transportation for his exceptional leadership during two major environmental incidents on the Chesapeake Bay.
SolarWindow Technologies, Inc. creates transparent electricity-generating liquid coatings. When applied to glass or plastics, these coatings convert passive windows and other materials into electricity generators under natural, artificial, low, shaded, and even reflected light conditions.
Our liquid coating technology has been presented to members of the U.S. Congress and received recognition in numerous industry publications. Our SolarWindow™ technology may generate 50-times the power of a conventional rooftop solar system and may achieve a one-year payback when installed on all four sides of a 50-story building, according to independently-validated power and financial modeling.
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The company's Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations, which are consistent with renewable energy practitioner standards for assessing, evaluating and estimating renewable energy for a PV project. The Power & Financial Model estimator takes into consideration building geographic location, solar radiation for flat-plate collectors (SolarWindow™ irradiance is derated to account for 360 degrees building orientation and vertical installation), climate zone energy use and generalized skyscraper building characteristics when estimating PV power and energy production, and carbon dioxide equivalents. Actual power, energy production and carbon dioxide equivalents modeled may vary based upon building-to-building situational characteristics and varying installation methodologies.
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