Sunrise Solar Appoints Chair For Solar Advisory Board

SAN ANTONIO--(BUSINESS WIRE)--Sunrise Solar Corp. (OTCBB:SSLR) announced today the appointment of Dr. K. Jun Kim as Chairman of the Company’s recently formed Solar Technology Advisory Board. Dr. Kim holds a PhD in Electrical Engineering from Han Yang University in Seoul, Korea and a Masters in Electrical Engineering from the University of Missouri. As part of his duties, he will head the Company’s product evaluation team and be responsible for its internal product development and commercialization projects.

Dr. Kim is the former president of Vianet, Inc., a communications technology company where he established worldwide sales and marketing networks and worked with Akai Electronics and Greatwall Networks, China. Vianet established distribution networks in Europe, South America, Egypt, China, Korea and the U.S. He owns the patent for PC based TV set-top boxes made by Vianet.

His prior work includes the Remotereality Corp, in Boston, Massachusetts on development of markets in Asia and the Pacific Rim. He developed prompt systems for SBS Broadcasting in Korea and has done consulting for SKC Global and Hyundai Heavy Industrial. He also worked on technology transfer for NASA on behalf of the Korean trade center.

“We are excited to welcome Dr. Kim to Sunrise Solar,” stated Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “Dr. Kim brings a broad knowledge of technology, electrical engineering and product distribution to the management team. We believe his experience and world-wide contacts, especially in Korea and China, will play a key role in our development and growth.”

According to published reports, China plans to invest $200 billion over the next 15 years in renewable energy projects and technologies. China’s commitment to breaking its dependence on imported energy supplies is a major reason why many publicly held domestic solar energy and wind companies, like JA Solar Holdings (NASDAQ:JASO) and Solarfun Power Holdings (NASDAQ:SOLF), have expanded their technology development and manufacturing efforts in China.

Merrill Lynch’s Mark Heller noted that solar startups raised more money in 2007-2008 than internet stocks did in their 1998 heyday. Major utility companies like Duke Energy (NYSE:DUK), have been signing up for huge solar installations in the hundreds of megawatts. Companies like First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR) have observed the domestic solar power push, and apparently they like what they see.