Signet Solar Appoints Bruce Horn as Chief Financial Officer

MENLO PARK, Calif.--(BUSINESS WIRE)--Signet Solar, a global manufacturer of thin film silicon photovoltaic (PV) modules, today announced a key addition to its executive team with the appointment of Bruce Horn as the company’s Chief Financial Officer. In his new role, Horn will oversee Signet’s financial development and offer strategic support as the company scales its manufacturing capabilities.

Bruce Horn has over 20 years of accounting, finance and management experience with public and private high-technology companies. Prior to joining Signet, Horn was CFO at StrataLight Communications, Inc., which was acquired by Opnext, Inc. (NASDAQ: OPXT) earlier this year. Horn also served as CFO and Treasurer of Oplink Communications, Inc. (NASDAQ: OPLK), and CFO and VP of Finance of Larscom, Incorporated. He directed the execution of the IPO process for both companies.

“I was impressed with Signet’s aggressive growth plans and uncompromised determination to bring large area thin film silicon PV technology to the mass market,” said Horn. “I look forward to lending my assistance to this already stellar executive team and helping to provide ‘Clean Affordable Renewable Energy’ to citizens around the world.”

“With a rich history in Silicon Valley’s financial underpinnings, Bruce brings critical experience raising public and private capital and supporting the growth of rapidly maturing technology companies,” said Signet Solar founder and CEO Dr. Rajeeva Lahri. “We will utilize his financial expertise to assist in the sophistication of our fiscal roadmap as we continue to expand our global operations.”

In 2008, Signet Solar produced the industry’s first “Generation 8.5” large-area silicon thin film solar module from its production facility in Dresden, Germany. Signet has been shipping products to its customers since October 2008 for installations across Europe. Signet recently announced plans to build the company’s first North American production facility in Belen, New Mexico, scheduled to begin operations in 2010.