21 June 2010


Sunovia appoints financial expert to board

Sunovia Energy Technologies Inc of Sarasota, FL, USA, which is commercializing cadmium telluride on silicon (CdTe/Si) solar technology as well as LED lighting products, has appointed Erich Hofer to its board of directors.

The firm says that, with 20 years of experience in the financial and banking industries, Hofer’s multi-faceted background should assist it in raising capital as well as exploring international sales opportunities and operations, including financial operations.

Hofer is currently a director at Arkanova Energy Corp, where he was involved in securing its largest project acquisition to date and used his resources from Europe to provide capital for the operation. Hofer was a financial analyst and business consultant at PetroHunter, where he supported corporate and business initiatives through strategizing methods for development and growth. Having completed his goal of restructuring its operations, he has resigned from PetroHunter and plans to devote more time to Sunovia.

Hofer has previously held key positions including financial controller at Zurich Cantonal Bank (the largest state bank in Switzerland). He was also chief of staff at technology manufacturing firm Schneeberger. In Switzerland, he was chief financial officer at Argo-Hytos, an international manufacturer of industrial and mobile hydraulic systems.

Hofer is a certified management accountant and received his bachelor’s degree in economics and management from the University for Applied Science for Business and Administration in Zurich. He also holds an MBA from the University of Chicago.

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