Solexant "Deam Team" Boosted as R. James Woolsey Joins Board of Directors

Solexant "Deam Team" Boosted as R. James Woolsey Joins Board of Directors

Solexant Looks to Bright Future With Post-Solyndra Solar 2.0

SAN JOSE, Calif., March 27, 2013 (GLOBE NEWSWIRE) -- R. James Woolsey, a
seasoned veteran of Washington and Silicon Valley, has joined the board of
directors of Solexant, according to an announcement made by the company's CEO
Brad Mattson.

"After two years in which we have reengineered our business, Solexant is out
of stealth mode with new technology and we are assembling a dream team to
advance America's widespread adoption of solar energy – what we refer to as
Solar 2.0," said Mattson. "Jim Woolsey is a wise and experienced hand on the
government side of things, and a tireless advocate for viable clean
technologies. He fully grasps the benefit of distributed solar as America's
best solution for both energy independence and energy security."

Woolsey has served in the U.S. government on five different occasions, holding
presidential appointments in two Republican and two Democratic
administrations, most recently as Director of Central Intelligence from
1993-1995. He has also been a Vice President and Officer of Booz Allen
Hamilton and a partner at the law firm of Shea & Gardner in Washington, DC
(now Goodwin Procter) where he practiced for 22 years in the fields of civil
litigation, arbitration and mediation.

Woolsey currently chairs the Strategic Advisory Group of the Washington, D.C.
private equity fund, Paladin Capital Group, the Advisory Board of the
Opportunities Development Group, and he is Of Counsel to the Washington, D.C.
office of the Boston-based law firm, Goodwin Procter.

On the investment side, Woolsey is a Venture Partner with Lux Capital. He is
also Chairman of Woolsey Partners LLC and prior to joining Lux, a Venture
Partner and Senior Advisor to VantagePoint Venture Partners.

Woolsey specializes in a range of alternative energy and security issues. He
co-founder of United States Energy Security Council and serves as an officer
or advisor to the National Commission on Energy Policy and the Clean Fuels
Foundation. He was former honorary co-chair of the Center for Security Policy
and has also been a member of the National Commission on Terrorism, the
Commission to Assess the Ballistic Missile Threat to the U.S. (Rumsfeld
Commission), the President's Commission on Federal Ethics Law Reform, the
President's Blue Ribbon Commission on Defense Management (Packard Commission),
and the President's Commission on Strategic Forces (Scowcroft Commission).

Woolsey received his B.A. degree from Stanford University, an M.A. from Oxford
University, and an LL.B. from Yale Law School.

When asked "Why Solexant?" Woolsey commented, "Brad Mattson is determined to
make solar happen and I'd bet on the team he's putting in place. I look
forward to helping Solexant achieve their goals as they coincide with my
passions as well."

About Solexant Corp. and its Dream Team

In two years of stealth since 2011, Solexant CEO, Mattson and his board of
directors tripled the company's R&D budget, pulled the plug on a 100-megawatt
Oregon factory, acquired Wakonda, focused on reducing the cost of making thin
film and migrated to roll-to roll co-evaporated CIGS.

Wakonda Technologies founder and CEO, Les Fritzemeier, joined Solexant a year
ago as its executive vice president spearheading all aspects of program
implementation and business development into both commercial and government
sectors.

Robert Wendt, former CTO, Vice President of Engineering and Technology Officer
at XSunX, joined Solexant 9 months ago as vice president of process and
equipment development, including development of all thin film layers, cell
current collection, grid interconnect technology, module encapsulation, and
reliability. Robert became the third C-level executive to join Solexant's new
dream team.

Solexant Corp is based in San Jose, California, where it produces thin film
solar cells that incorporate high efficiency PV materials on flexible
substrates in high speed roll-to-roll equipment. This technology platform of
high efficiency and high speed will dramatically reduce manufacturing costs in
the coming gigawatt era of Solar 2.0. Solexant has been named by London's
Guardian as a Global Cleantech 100 company and won Annual 100 Award
recognition from R&D Magazine.

For more information, please visit www.solexant.com.

Media Contact: Mary P. Curtis

Pacifico, Inc.

(408) 888-7872

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