SOURCE: Solar3D, Inc.

Solar3D, Inc.

February 02, 2015 03:30 ET

Solar3D Comments on Global Solar Expectations for 2015

Company CEO Jim Nelson Quoted in Industry Leading Publication on Solar's Growing Market Share

SANTA BARBARA, CA--(Marketwired - February 02, 2015) - Solar3D, Inc. (OTCQB: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, commented today on a recent article from Renewable Energy World describing the explosive growth expected of the solar industry in 2015.

The article, published January 28, highlights a number of reasons why solar is expected to continue its meteoric rise in both commercial and residential markets. Low prices, a renewed emphasis on reducing greenhouse emissions, President Obama's pro-green agenda, widespread adoption from utility providers, and a driven consumer base are all referenced as drivers for 2015. Following a year that saw a 36% increase in solar PV installations, the US is projected to complete its millionth solar installation in 2015.

When asked the biggest reason for the growth, CEO Jim Nelson contributed the following insight to the article, "Economics and only economics. Of course, incentives contribute to the economics, but widespread adoption will be driven by fundamental change in the cost structure of solar. Innovation will continue to drive solar cost down to grid parity."

Solar3D's Roseville, CA based SUNworks operating division, known for innovation in the solar design and installation space, has found success with its 'Solar 2.0' model. This business model provides flexibility in cost savings with an emphasis on customer service and satisfaction. With the imminent closing of the previously announced Rancho Cucamonga, CA based MD Energy acquisition, Solar3D will accelerate its rapidly expanding operating footprint and its profitable base of business.

"After reviewing the article, I realized that I could have said more," Mr. Nelson continued. "As the fruits of industry innovation begin to come to market, the advantages of solar will be impossible to deny. The industry will grow like so many industries that have produced inventions that have changed the world -- automobiles, airplanes, personal computers, and the Internet. We are putting ourselves in a position to take advantage of the coming industry explosion by creating the strongest management team and customer oriented culture that we can. Our emphasis on building a sustainable and scalable operating performance has greatly contributed to our credibility with customers and investors alike. We are confident that as the solar tide rises in 2015, our growth-by-acquisition model and commitment to customer satisfaction will result in increased revenues and market share."

About Solar3D, Inc.
Solar3D is a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell. The company's SUNworks division focuses on the design, installation and management of solar power systems for commercial, agricultural and residential customers. SUNworks is one of the fastest growing solar systems providers in California and has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability of providing systems as large as 25 megawatts. Solar3D's technology division is developing a patent-pending 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. The Solar3D Cell collects sunlight from a wide angle and lets light bounce around in 3-dimensional microstructures on the solar cell surface. The Company's mission is to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies.

To learn more about Solar3D, visit our website at

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. 

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