Octillion Announces Appointment of Nanotechnology and Engineering Expert to Advisory Board

AUBURN HILLS, Mich., Jan 22, 2008 (BUSINESS WIRE) -- Octillion Corp. (OCTL), an alternative energy technology incubator, today announced the appointment of nanotechnology and engineering expert, Prof. T.C. Yih, PhD, PE, to the Company's Advisory Board.

A widely published authority on nanotechnology and engineering, Prof. Yih has authored more than 135 publications, and is credited with founding Nanomedicine ( www.nanomedjournal.com ), an international, peer-reviewed scientific journal that publishes the latest advances in the innovative field of nano-scale medicine.

"I'm honored to welcome Prof. Yih to our team," stated Mr. Nicholas S. Cucinelli, President and CEO of Octillion Corp. "I'm very much looking forward to making the most of his specific engineering and nanotechnology know-how as we continue to develop our NanoPower Window(TM) technology and capitalize on opportunities within the solar, renewable energy, and green building technology space."

Prof. Yih brings Octillion expertise in nanosystems, nanomanipulation, solar energy, ocean engineering, hazardous waste mitigation, and bio-electro-mechanic systems, as well as nanomedicine, computer-aided design, and knowledge-based software development.

He previously served as Professor and Chair of the Mechanical Engineering and Biomechanics Department at the University of Texas at San Antonio, and is currently Vice Provost for Research at Oakland University (OU), where his responsibilities include overseeing the establishment of the University's Nanomedical Science & Engineering Research Institute and actively seeking external collaborators in the nanosciences and renewable energy fields.

"I am delighted to assist Octillion in its efforts to develop and commercialize promising renewable energy technologies," stated Prof. Yih. "I am especially looking forward to supporting the Company's existing NanoPower Window and nanosilicon deposition research, as well as working to identify new opportunities in sustainable energy."

Prof. T.C. Yih earned his Bachelor of Science degree, majoring in Offshore/Coastal Engineering at National Ocean University in Taiwan, and his Master of Science degree in Mechanical Engineering at the Catholic University of America (CUA) in Washington, D.C., with emphasis on Thermal Science and Solar Energy. Prof. Yih completed his PhD in Mechanical Engineering at CUA, specializing in Design/Analysis of Mechanical Systems, CAD/CAE, Knowledge-Based Software Development, and Biomedical Engineering.

About Octillion Corp.

Octillion Corp. is a technology incubator focused on the identification, acquisition, development and eventual commercialization of emerging, leading edge alternative energy technologies.

Through established relationships with universities, research institutions and government agencies, we strive to identify technologies and business opportunities on the leading edge of innovation that have the potential of serving significant and unmet market needs.

Once a technology has been identified, we fund the research and development activities relating to the technology with the intention of ultimately, if warranted, licensing, commercializing and marketing the subject technology, either through internal resources, collaborative agreements or otherwise.

Unique to our business model is the use of established research infrastructure owned by the various institutions we deal with, saving us significant capital which would otherwise be required for such things as land and building acquisition, equipment and furniture purchases, and other incidental start up costs. As a result, we are able to benefit from leading edge research while employing significantly less capital than conventional organizations.

Among our current research and development activities is the development of a technology that could adapt existing home and office glass windows into ones capable of generating electricity from solar energy without losing significant transparency or requiring major changes in manufacturing infrastructure.

The technological potential of adapting existing glass windows into ones capable of generating electricity from the sun's solar energy has been made possible through a ground breaking discovery of an electrochemical and ultrasound process that produces identically sized (1 to 4 nanometers in diameter) highly luminescent nanoparticles of silicon that provide varying wavelengths of photoluminescence with high quantum down conversion efficiency of short wavelengths (50% to 60%).

When thin films of silicon nanoparticles are deposited (sprayed) onto silicon substrates, ultraviolet light is absorbed and converted into electrical current. With appropriate connections, the films act as nanosilicon photovoltaic solar cells that convert solar radiation to electrical energy.